Artificial Intelligence (AI) and Machine Learning (ML) are transforming the global financial landscape by enabling systems to analyze complex data, predict outcomes, and automate decision-making. While AI broadly refers to machines simulating human intelligence, ML is a subset where algorithms learn patterns from data to improve predictions and insights over …

Gender budgeting is a crucial public financial management (PFM) tool that promotes fiscal transparency and accountability, ultimately driving gender equality outcomes. This approach is particularly significant in the context of Viksit Bharat@2047, where it can play a pivotal role in achieving inclusive and sustainable development. By applying a gender lens …

A rate cut by the Reserve Bank of India on 6th June last month— bringing the repo rate down to 5.5%—could cast a long shadow on next year’s surplus, potentially reducing the size of the FY26 dividend and, with it, the government’s fiscal headroom. This possibility adds a layer of …

(co-author : Abhijeet Singh, Lawyer and Research Fellow, NIPFP)

Alternative Investment Funds (AIFs) are pooling vehicles that provide an opportunity to invest in unlisted securities and to diversify portfolio. While these offer new avenues for investment, there are liquidity and volatility risks unique to the asset class. Although AIFs have …

(co-author with Amarnath HK)

The latest RBI Report on the “Finances of Panchayati Raj Institutions 2020-21 to 2022-23” sheds some light on the powers and functional responsibilities of the most localized level of governance, i.e., Panchayati Raj Institutions (PRIs) and addresses a critical gap in their revenue needs. A study …