An autonomous research institute under the Ministry of Finance


INTERVIEW: Economist Kavita Rao says 4.5% fisc aim may shift to FY27


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Interview by Kavita Rao, Director NIPFP, given to Informist Media Pvt. Ltd. New Delhi, on January 20, 2023.


By Priyasmita Dutta and Krity Ambey


NEW DELHI – While staying the course on fiscal consolidation will be a priority for the upcoming Union Budget, the government may have to ...

Budget 2023 must target fiscal consolidation while supporting specific sectors: NIPFP’s Pandey


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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


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(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


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(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 ...

Budget 2023: Expect the Centre to address fiscal stress faced by states


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(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 ...