Domestic inflation remained high for second consecutive year with CPI inflation averaging 5.5% in FY22. WPI hit a record averaging almost 13%, not seen in over a decade. Russia-Ukraine war…

Apart from the loss of lives and livelihood, the pandemic has also impacted government finances immensely. By the end of FY23, central government’s debt is projected to be higher by…

While government imposes various kinds of taxes to fund its expenditure, it also provides a wide range of tax incentives or exemptions to preferred segments, industries etc. This, also called…

Against total receipt of Rs 22.0 lakh crore, central government is projected to spend nearly Rs 39.4 lakh crore in FY23. Other than interest payments, broad areas which account for…

The Budget proposal projects total expenditure of Rs 39.5 lakh crore against receipt of Rs 22.9 lakh crore for the year 2022-23 or FY23. This implies fiscal deficit of Rs 16.6…

The budget for year 2022-23, presented by the finance minister today, looks lacklustre as it doesn’t have any big-ticket announcements. However, at a deeper level, two things stand out. One,…

After growing at 8.4% during the Sept’20 quarter, optimism runs high regarding economy’s performance during the quarter ended Dec’21. While the actual data takes months to get finalized, recently released…

Indian economy recorded growth of 8.4% in its GDP (Gross Domestic Product) for the quarter ended Sept’21 (Q2’FY22) as per the data released by MOSPI (Ministry of Statistics and Programme…

Central banks across the world adopted ultra-loose monetary policy over last eighteen months to spur consumption and keep the engines of economy moving. As the economies come out of the…

The Monetary Policy Committee (MPC) completed five years of existence in September this year. The committee was mandated to maintain CPI inflation within band of 4%+-2%, called Flexible Inflation Targeting…