(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 …

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 …

(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 …