Publication Page Archive

Opinion: Mridul Saggar: Amid high inflation and exchange rate pressures, rate hikes and tight liquidity are the best bet. The RBI has been broadly getting its act right amid difficult circumstances. In my assessment, it has traversed about three-fourths of the amplitude of the current rate hiking cycle, but the economy is stronger than before....   Read More

Dominance of banking by PSBs has also been a hurdle in the way of improving the regulatory regime, which, in turn, hampers the modernisation and, therefore, healthy growth of the sector. This is because RBI has limited regulatory jurisdiction over PSBs. Indeed, this fact has at times provided RBI an easy cover for its own...   Read More

IEPF Chair Professor Dr Mridul Saggar speaks to Latha Venkatesh, CNBC TV18 on “RBI’s Monetary Policy Announcement in the CNBC Indianomics program, 30 September 2022. Watch the Video

In the Review, we summarise the economic and policy developments in India; monitor global developments of relevance to India; and showcase the pulse of the economy through an analysis of high-frequency indicators and the heat map. Click here for previous issues

Immersion of idols laced with harmful chemicals does an irreparable damage to a river, time to stop sinning against salvator. It is that time of the year again, when the devout prepare fancy and exotic idols of gods and goddesses, venerate them for a few days and then consign them to the waters of our...   Read More

While collecting official statistics will always be a purview of state institutions, they must be governed by independent governing bodies that can ensure scientific integrity and broad oversight. We seem fascinated with statistical soundbites, vacillating between the bizarre and the expedient. In October 2021, major newspapers featured stories that claimed that over 100 million Indians...   Read More

The Government of India launched the National Land Records Modernization Programme (NLRMP) in 2008 by unifying the Computerisation of Land Records (CLR) and the Strengthening of Revenue Administration and Updating of Land Records (SRA and ULR) programmes, in order to accomplish the goal of improving the quality of land records across all States and Union...   Read More

In India, the inflation target (for CPI headline inflation) was set at 4%, with an upper tolerance limit of 6% and a lower limit of 2%. GoI constituted a six-member Monetary Policy Committee (MPC), including three ex-officio members from RBI with the RBI governor as its chairperson, the deputy governor in charge of monetary policy,...   Read More

This report documents the all-round impact of the COVID-19 pandemic on various population categories across India. It has been compiled using a combination of original qualitative data collected from some of the people affected by the pandemic in India, along with interviews with local leaders and community development actors, and secondary data from a range...   Read More

In the platform economy workers function in a formalised realm but without benefits of tenure or welfare One of the research questions that the NITI Aayog report ‘India’s Booming Gig and Platform Economy: Perspectives and Recommendations on the Future of Work’ poses is whether platforms are formalising or informalising the economy? We attempt a conceptual...   Read More