Budget – Revenue & Expenditure Analysis (Part I)
The Budget proposal projects total expenditure of Rs 39.5 lakh crore against receipt of Rs 22.9 lakh crore for the year 2022-23 or FY23. This implies fiscal deficit of Rs 16.6…
Budget 2022-23 – Highlights
The budget for year 2022-23, presented by the finance minister today, looks lacklustre as it doesn’t have any big-ticket announcements. However, at a deeper level, two things stand out. One,…
State Of The Economy – Dec’21
After growing at 8.4% during the Sept’20 quarter, optimism runs high regarding economy’s performance during the quarter ended Dec’21. While the actual data takes months to get finalized, recently released…
GDP, Sept’21 – A Promising Recovery
Indian economy recorded growth of 8.4% in its GDP (Gross Domestic Product) for the quarter ended Sept’21 (Q2’FY22) as per the data released by MOSPI (Ministry of Statistics and Programme…
Monetary Policy Normalization – A Tough Balancing Act
Central banks across the world adopted ultra-loose monetary policy over last eighteen months to spur consumption and keep the engines of economy moving. As the economies come out of the…
Has Inflation Targeting Delivered??
The Monetary Policy Committee (MPC) completed five years of existence in September this year. The committee was mandated to maintain CPI inflation within band of 4%+-2%, called Flexible Inflation Targeting…
The ‘Bad Bank’ – Understanding the Structure
National Asset Reconstruction Company Ltd (NARCL), or the ‘Bad Bank’, finally received license from RBI yesterday, a proposal floated during the last budget. The formation of government backed NARCL is…
Understanding Rural Income Pattern
Average income level of a rural household is just about one-fifth the national per capita income as per a NSO (National Statistical Office) survey conducted during Jan-Dec’2019. More concerningly, the…
Social Sector Exchange-Understanding the Concept
The report of the committee on creation of an exchange for social sector firms, submitted last month, is an important forward step. The exchange would help social sector firms mobilize…
GDP Performance Analysis – March’21
Indian economy seems to have regained good part of its momentum, adjusting to the new normal, as per the data released by MOSPI today. However, the second wave may have,…