An autonomous research institute under the Ministry of Finance

 

Budget 2023 has stayed on the fiscal consolidation path

10/03/2023

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(Co-authored with Divy Rangan and Balamuraly B.)
 
Despite the global economic headwinds and geopolitical uncertainties, the fiscal arithmetic looks conservative.
 
The predominant focus of the Union Budget 2023 was to adhere to the path of fiscal consolidation. Despite the global economic headwinds …

Is the government on track on fiscal deficit targets?

10/03/2023

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Where does the Budget stand? Will paring food, fertilizer and petroleum subsidies help? Why are fiscal policy measures crucial to tackle inflation?

 

The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and …

Nari Shakti: Gender Budgeting for Women-led Development

09/03/2023

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In Union Budget 2023, Finance Minister Smt Nirmala Sitaraman has emphasised on “Nari Shakti” as the harbinger of India’s bright future. As this is the last year before India goes for elections, the government has been focusing on incentivizing the “calculus of consent” through women-led development narratives. 
 

Gender and the financial grievance redress system

09/03/2023

(Co-authored with Vimal Balasubramanium, Aishwarya Gawali, Nancy Gupta and Srishti Sharma)
 
Background
 
India already suffers from the problem of low financial literacy. This problem, however, is compounded for women who have even lower financial literacy compared to men.
 
Additionally, …

Regional variation in complaints and resolution

09/03/2023

(Co-authored with Vimal Balasubramanium, Aishwarya Gawali, Nancy Gupta and Srishti Sharma)
 
In previous articles, we examined the extent of grievances and redress for various financial products in the financial market landscape, specifically for banking and pensions. We also evaluated whether grievance redress mechanisms worked and what …