An autonomous research institute under the Ministry of Finance

 

Macroeconomics

TRAI's consultation towards a net neutrality framework in India

15/02/2017

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[Co-authored with Mayank Mishra and Smriti Parsheera]

 

The context

 
The Telecom Regulatory Authority of India (TRAI) has issued a Consultation Paper (CP) on Net Neutrality seeking inputs for the formulation of final views on the subject. This comes almost a year after TRAI's regulation prohibiting discriminatory tariffs for data ...

Judicial Procedures will make or break the Insolvency and Bankruptcy Code

10/02/2017

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[Co-authored with Pratik Datta]

 

The key test of any default resolution process is: how much value is recovered by the lender? The most important factor that determines this amount is the time taken to complete the resolution. India has set up many recovery mechanisms that have given us long ...


Global Economic Developments

18/01/2017

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The United States Federal Reserve’s (US Fed) decision to raise interest rates by 25 basis points could have a significant impact on global economic growth. The Fed has decided to go “hawkish” this quarter and Fed Chief Janet Yellen’s commentary on future rates hikes has led to negative reaction in ...


Compelling Fiscal-Monetary Policy Linkages in the Event of Demonetisation

23/12/2016

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The demonetisation of 500 and 1000 rupee notes was announced by the Prime Minister on November 8, 2016; since then, there has been a growing interest in understanding fiscal-monetary policy linkages. This article revisits these compelling policy linkages. Increasingly, there is an alarming tendency of segregating the monetary and fiscal ...


Understanding the rash for cash: Evidence from weekly money supply data

10/12/2016

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Four weeks have passed since the announcement by Prime Minister Narendra Modi on the November 8, 2016 to demonetise currencies of denomination Rs 500 and Rs 1000. Till now, most of the ATMs across the country are in non-functioning mode. There are serpentine queues in front of banks and the ...