An autonomous research institute under the Ministry of Finance

 

Fiscal space and the size of Government in Kerala

05/06/2023

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In the post pandemic fiscal strategy, the Indian States are instructed to maintain a fiscal deficit GDP ratio to 3.5 per cent of GSDP, with 0.5 percent extra borrowing powers tied to mandatory power sector reforms. To meet the challenges related to maintaining a robust growth path through capital …

Rs 2000 ban by RBI

23/05/2023

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As the Rs 2,000 banknote is still a legal tender in India, the likelihood of economic disruptions is comparatively lesser. However, the ease of transactions will be disrupted ex-post to the RBI’s decision to withdraw Rs 2,000 notes. 
 
The Rs 2,000 denomination banknote …

What central banks need to consider when making monetary policy in times of war and crisis

11/05/2023

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The central banks' lack of understanding about the non-monetary components of inflation in times of war and crisis, driven by disruptions in supply chains is reflected in its policy to tackle inflation through a series of interest rate hikes.
 
The US Federal Reserve increased policy …

Will FM's Budget 2023 enable 'Nari Shakti'?

10/03/2023

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(Co-authored with Balamuraly B.)

 

The FM has rolled out a slew of gender-friendly announcements, but a conscious increase in the public expenditure on soft sectors like health, education and gender will give social infrastructure investment a boost.

 

In Union Budget 2023, gender …


Is the government on track on fiscal deficit targets?

10/03/2023

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Where does the Budget stand? Will paring food, fertilizer and petroleum subsidies help? Why are fiscal policy measures crucial to tackle inflation?

 

The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and …