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 …

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 …

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 …

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

(Co-authored with Divy Rangan and Balamuraly B.)

 

Despite the global economic headwinds and geopolitical uncertainties, the fiscal arithmetic looks conservative.

 

The predominant focus of the Union Budget 2023 was to adhere to the path of fiscal consolidation. Despite the global economic headwinds …