Budget 2023 must target fiscal consolidation while supporting specific sectors: NIPFP’s Pandey
Given the uncertain global environment, Finance Minister Nirmala Sitharaman also needs to focus on capex, as also on labour-intensive manufacturing.
India’s central government must aim to lower its fiscal deficit gradually while taking measures to tackle sector-specific issues in the upcoming budget for 2023-2024, according to Radhika Pandey, Senior ...
NBFCs: A deeper look
(Co-authored with Pramod Sinha and Radhika Pandey)
Banks and Non-bank financial companies (NBFCs) form an integral part of the financial sector. In recent times, banks have seen robust growth in demand for credit, improved asset quality, record profits, strong capital and comfortable liquidity buffers. The Gross Non Performing Assets ...
The New Money Challenge
(Co-authored with V. Ramya Rajasri Kumar)
On Monday, 12th of December 2022, founder of the collapsed crypto exchange FTX, Sam Bankman-Fried was arrested in the Bahamas. FTX crashed almost overnight after failing to meet a run on deposits, throwing the crypto industry into its latest crisis. Earlier in October ...
(Co-authored with Balamuraly B)
As states are doing the heavy lifting post-pandemic to enhance public investment, we do expect a hike in the capex transfers to the states in the upcoming Union budget
There is increasing recognition for state finances in the post-COVID fiscal strategy in India due ...
Budget must keep fiscal policy accommodative; consolidate without affecting recovery: Lekha Chakraborty
Fiscal consolidation through tax buoyancy rather than expenditure compression will be a relatively less painful path towards economic growth recovery, according to Lekha Chakraborty.
The Union government must keep the fiscal policy accommodative to support growth recovery amid an uncertain global situation and monetary tightening, according to Lekha S ...