An autonomous research institute under the Ministry of Finance

 

Bibek da: An economist of towering simplicity and great learning

04/11/2024

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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 …

Economics Nobel winners sought to answer the question why some nations lag others

24/10/2024

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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 …


RBI’s monetary policy prioritises global economic headwinds

10/10/2024

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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 …

The Imminent Transition towards Competitive Federalism

05/09/2024

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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 …

Increase tax devolution to 50 percent over states' special status demand: Economist

01/08/2024

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Budget 2024: As Modi 3.0 gears up for presenting budget 2024, expectations are rife that the budget will be much more than fiscal numbers. In an exclusive conversation with Republic Business, Lekha S Chakraborty, professor of NIPFP and Visiting Scholar at Cambridge University, shares her expert insights on …