November 2, 2016


A New Institutional Mechanism for Fiscal Management in India

By Dr. M Govinda Rao Download the essay in PDF [442 KB] Given the political inclination to indulge in fiscal profligacy, it is important to ensure calibration of rule based fiscal policy to provide space to conduct monetary policies. Although...

Does raising rates really help in fighting inflation?

Given the unclear relationship between interest rates and price changes in vegetables and housing, it is not clear if RBI will be too effective in using monetary policy to curb inflation

Was the spectrum auction a success or a failure?

Given Reliance Jio’s battles with incumbents, it was unlikely telcos would collude to keep prices low, and so it is surprising that the government went with high reserve prices