(Co-authored with Balamuraly B.)

 

Against the backdrop of 73rd and 74th Amendment, in 1992, India has institutionalised the structure of local governance with the devolution of functions and finances to the third tier of government. The Urban Local governments (ULB) include municipal corporations, municipal councils and …

Against the backdrop of geopolitical risks and uncertainties, RBI’s Monetary Policy Committee (MPC) has decided to increase the policy repo rate under the liquidity adjustment facility by 25 basis points to 6.50 per cent with immediate effect. However, it is no clear that RBI will take a break from …

The fiscal consolidation framework mandates all state governments in India to keep their fiscal deficit-GDP ratio at 3.5 percent. The extra-borrowing powers (0.5 percent) of the states are linked to power sector restructuring. Kerala is not an exception to this rule. The fiscal deficit for 2023-24 is pegged dot …

(Co-authored with Balamuraly B.)

 

The Union Budget was presented against the backdrop of geopolitical risks and macroeconomic uncertainties of mounting global inflation. The fiscal arithmetic however is grounded on the path towards fiscal consolidation, pegging a fiscal deficit to 5.9 per cent in FY 23 and …

Fiscal consolidation through tax buoyancy rather than expenditure compression will be a relatively less painful path towards economic growth recovery, according to Lekha Chakraborty.

 

The Union government must keep the fiscal policy accommodative to support growth recovery amid an uncertain global situation and monetary tightening, …