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More »What central banks need to consider when making monetary policy in times of war and crisis
11/05/2023
The central banks' lack of understanding about the non-monetary components of inflation in times of war and crisis, driven by disruptions in supply chains is reflected in its policy to tackle inflation through a series of interest rate hikes.
The US Federal Reserve increased policy rates by 25 basis ...
NEW DELHI – In order to achieve its medium-term fiscal consolidation aim of below 4.5% of GDP by 2025-26 (Apr-Mar), the government needs to increase the tax buoyancy since compression of expenditure would hurt economic growth, says Lekha S. Chakraborty, a professor at the National Institute of Public Finance ...
The public budget of a country is one of the earliest economic tools that economists and accountants have had available over the years for their theorizing and their analyzing. Public budgets became available when the public accounts of countries could be separated from the private accounts of those who ran ...
Making Gender Budgeting Work
02/05/2023
Fiscal Policy for Sustainable Development in Asia Pacific: Gender Budgeting In India
Author: Lekha S Chakraborty
Publisher: Palgrave Macmillan
Price: Rs 13,300
At the outset Lekha S Chakraborty makes a significant observation about the role of fiscal transfers to generate a better gender outcome. “While social mores cannot ...
Why we need to debate the Old Pension Scheme
05/04/2023
(Co-authored with Balamuraly B and Lekha Chakraborty)
OPS raises concerns about fiscal sustainability and intergenerational inequities.
In the post-pandemic fiscal strategy of State finances, the fiscal risks emanating from revenue uncertainties, high percentage of committed spending and increasing subsidy burden have a crucial significance for long-term fiscal sustainability. The ...