Policies are Meant for Growth not for Impairment
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 or Output Gap is. What …
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 called Recession. The rule of …
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 China (PRC), ii) the Russian …
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 …
