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His towering simplicity is revealed in his final writings, when he analysed the transient nature of his achievements.
Bibek Debroy -- multi-faceted genius, renowned economist and Padma Shri awardee -- is no more. Bibek da, as most economists in the Lutyens' Delhi used to call …
The novelty in their work is the way they put 500 years of statistical evidence to show that the quality of institutions determines success. Democracies have a better chance of getting rich. China, however, remains an enigma which doesn’t fit this explanation.
The Nobel Prize …
MPC has given relative significance to global headwinds and uncertainties. Therefore, a sudden reduction in rates is not feasible when inflation expectations are elevated. The catch, however, is high rates complicate public debt management.
Against the backdrop of geopolitical uncertainties and poly-crisis, the 51st RBI …
Against the backdrop of recent Union Budget 2024, there is a transition in the framework of intergovernmental fiscal relations from Cooperative federalism to competitive federalism . Quite contrary to the expectations that 16th Finance Commission will look into these Centre-State financial relations, in the recent Union Budget, the Finance …
A fiscal rule is a constraint on fiscal policy through numerical limits on deficits. Indian fiscal rules as per FRBM envisions fiscal deficit to GDP at 3 per cent. However in the post pandemic fiscal strategy, the fiscal glide path is envisioned at 4.5 percent by 2025-26.