Policies are Meant for Growth not for Impairment
Interesting Facts oN Union Budget of India Table of Contents The Indian Budget has started even before Independence. On 18th February, 1869, James Wilson, then Finance Member of Indian Council, Presented the First Indian Budget. He was also the Founder of The Economist. First Budget of Independent India The first …
Reserve Bank of India Releases Financial Stability Report Table of Contents On 29th December, 2022, Reserve Bank of India (RBI) released Financial Stability Report (FSR). It provided overall evaluation on risks to stability of the Indian Financial Stability. What is Financial Stability Report (FSR)? FSR is a semi-annual publication report published …
India’s real GDP estimated to grow at 7% during 2022-23 – First Advance Estimates In 2016-17, the First Advance Estimates of GDP was introduced. The First Advance Estimates of GDP was introduced essentially to serve as inputs to the budget exercise. This is based on limited data and compiled using …
A Small Note on Potential GDP and Output Gap Welcome Back to Basics. Many times we come across the term Potential GDP and Output Gap in many of the articles. They would state that Potential GDP has increased or Output gap has widened, but what exactly is the Potential GDP …
What is Recession – An Overview Welcome Back to Basics. What is Recession? There is no standard definition for Recession. It is generally defined has period of decline in economic activity consecutively for two quarters. In simple, fall in Real (inflation-adjusted) Gross Domestic Product (GDP) for two consecutive quarters is …
Global Growth Outlook diminishes Asia’s Growth Prospects Today (15.12.2022), Asian Development Bank (ADB) released its Asian Development Outlook (ADO) Supplement. ADB in its ADO stated that there are three main factors which continues to affect the recovery in Developing Asia. They are i) recurrent lockdowns in the People’s Republic of …
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 …
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, …
