Policies are Meant for Growth not for Impairment
Fiscal Balance – A Small Note Welcome Back to Basics. What is fiscal Balance? The balance of a government’s tax revenues (plus any proceeds from asset sales) minus government spending is called fiscal balance. This is also called as Government Budget Balance, Public budget balance, or Public fiscal balance (for convenient purpose let us keep …
Kautilya’s and Adam Smith’s Canon of Taxation. Kautilya – The True Founder of Economics Kautilya alias Vishnu Gupta (who is famously known as Chanakya) was an Indian politician, strategist and writer. He is well known for his text “ARTHASHASTRA”. He lived during 350 BC-275 BC. Adam Smith, Father of Economics, is well known for his …
Are Subsidies Bad? Welcome Back to Basics. We all come across the term subsidies more often. But, what it is? What is its main objective? Are there any economic effects due to subsidy and is it good or bad? We will find out here. 1. What is a Subsidy? What are the main Objectives of Subsidies? Answer: …
Indian Economy – A Brief Overview GDP Growth projection; India has become the fifth largest economy in the world and second-fastest economy in the G20 for the financial year 2022-23. The Growth of Real GDP or GDP at Constant Prices (2011-12) for the second quarter of 2022-23 is estimated at 6.3% as compared to 8.4% …
Central Bank Digital Currency in India – An Overview Introduction: On 1st February, 2022, in its Union Budget which was placed in the Parliament, Government of India announced its launch of the Digital Rupee (a Central Bank Digital Currency (CBDC)) from 2022-23. It was announced that introduction of CBDC will be a big boost for …
MPC announced Monetary Policy Statement Today (i.e. 07th December 2022), the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), has announced its monetary policy statement. MPC has increased the policy rate (repo rate) by 35 basis points with immediate effect. This takes the repo rate to 6.25 per cent. As a result, …
Currency with Public at Rs. 30.89 lakh Crore – Higher than before Demonetization Currency with public refers to notes and coins used by people to transact, settle trades, and for buying goods and services. The figure comes after subtracting cash with banks from currency in circulation. Currency/ Cash with public in 21st October, 2022, was …
Inflation Paradigm Shift – An Overview An interesting article titled “Inflation’s paradigm shift, explained” published in the WEO forum on 3rd November 2022. First, let us what the paper talks about before going to our view. The article started with the following key points The Major highlights of the article stated are as follows A …
The topic of this Keynote Address is “Internationalisation of the Rupee: Is it time to shift gears?” The Crux of the Speech/ address is as below: Why do I think internationalisation of the Rupee is a desirable objective of public policy? Some of the advantage are fairly obvious, as explained below: Use of Rupee in …
