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The Special Category states receive special financial assistance and other benefits from the central government due to their unique developmental needs and challenges.
The clamour for the ‘Special Category Status’ for Bihar and Andhra Pradesh came back into the spotlight after the Janata Dal (United) …
Interview with Dr Lekha S. Chakraborty
(Professor and Chair, NIPFP NET-Website Committee, National Institute of Public Finance and Policy, New Delhi & Research Faculty Associate, The Levy Economics Institute of Bard College, New York)
In the Gender Kaleidoscope segment in Pragati, …
The uses of running a deficit
06/05/2024
GROWTH STRATEGY. An interplay of fiscal and monetary policy would be needed to serve developmental goals.
The predominant narrative of the Interim Budget 2024 is the macroeconomic stabilisation function of a government in times of poly-crisis. The Finance Minister has reiterated that the fiscal consolidation …
The Finance Minister has articulated her budget as a “humane” budget with fiscal consolidation as a primary consideration. A “beyond GDP” emphasis is welcome, incorporating the widening inequalities, climate change concerns and human capital formation.
Beyond the headline fiscal deficit number to GDP ratio …
The fiscal deficit target for FY25 in the midst of weaker nominal GDP growth and disinvestment shortfall will be below 6 percent, slightly around 5.2-5.5 percent. This fiscal glide path is crucial to reach the 4.5 percent fiscal deficit to GDP by 2025-26 .
Against …