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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 …
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 …
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 …
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.
The Special Category states receive special financial assistance and other benefits from the central government due to their unique developmental needs and challenges.
The clamour for the ‘Special Category Status’ for Bihar and Andhra Pradesh came back into the spotlight after the Janata Dal (United) …