An autonomous research institute under the Ministry of Finance

 

Brazil's push for 'super-rich tax' at G20 sparks inequality debate

26/11/2024

blog author image
The initiative, introduced by the Brazilian government, is based on a study by French economist Gabriel Zucman, a professor at the Paris School of Economics and the University of California.
 
At the G20 meetings in Brazil, a progressive taxation proposal was brought forward, advocating for …

The fiscal costs of Indian population dynamics

06/11/2024

blog author image
The United Nations Population Fund (UNFPA) report and International Institute for Population Sciences (IIPS) Mumbai recently released the 2023 Ageing Report, which reports that India's elderly population (above 60 years) will double to over 20 percent of its total population by 2050. Given the delimitation exercise (which decides the …

Bibek da: An economist of towering simplicity and great learning

04/11/2024

blog author image

His towering simplicity is revealed in his final writings, when he analysed the transient nature of his achievements.

 

Bibek Debroy -- multi-faceted genius, renowned economist and Padma Shri awardee -- is no more. Bibek da, as most economists in the Lutyens' Delhi used to call …

Economics Nobel winners sought to answer the question why some nations lag others

24/10/2024

blog author image

The novelty in their work is the way they put 500 years of statistical evidence to show that the quality of institutions determines success. Democracies have a better chance of getting rich. China, however, remains an enigma which doesn’t fit this explanation.

 

The Nobel Prize …


RBI’s monetary policy prioritises global economic headwinds

10/10/2024

blog author image

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 …