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In Union Budget 2023, Finance Minister Smt Nirmala Sitaraman has emphasised on “Nari Shakti” as the harbinger of India’s bright future. As this is the last year before India goes for elections, the government has been focusing on incentivizing the “calculus of consent” through women-led development narratives.

(Co-authored with Vimal Balasubramanium, Aishwarya Gawali, Nancy Gupta and Srishti Sharma)
In previous articles, we examined the extent of grievances and redress for various financial products in the financial market landscape, specifically for banking and pensions. We also evaluated whether grievance redress mechanisms worked and what …

Given constraints in the fiscal space, resorting to revenue mobilisation is vital.
Kerala’s Budget 2023 presented by Finance Minister K.N. Balagopal on February 3, 2023 focused on revenue mobilisation. The narrative of the Kerala State finances has taken a relative transit from focusing on debt …
Financing Cities
09/03/2023

(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 …
Decisions by RBI Monetary Policy Committee
10/02/2023

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 …