Annual Report on State Finances: The vital third tier

News: Reserve Bank of India (RBI) has released its annual study of state finances. What are the findings of the report? -States’ gross fiscal deficit breached the 3% of gross domestic product (GDP) mark. -Combined revenue deficit of the state governments rose from 0.1% of GDP in 2018-19 to 2% of GDP in 2020-21 because… Continue reading Annual Report on State Finances: The vital third tier

RBI must come clean where it stands on climate change

Source: Livemint Relevance:This article explains why the RBI should include green financing and what are the challenges faced by the RBI in its execution? Synopsis: Considering the extreme climatic events around the globe and in India, the RBI has to include green financing as its component Introduction: The past few weeks over 200 people have… Continue reading RBI must come clean where it stands on climate change

Always a fine balance

Always a fine balance News: The article discusses about the recent simmering tensions between the Reserve Bank of India and the Centre. Important Facts: A certain amount of creative tension is systemically in-built between Reserve Bank of India and Centre given their different perspectives. For example, Centre’s concern is short-term and political while RBI’s concern… Continue reading Always a fine balance

How Centre’s ‘board game’ fuelled the feud with RBI

How Centre’s ‘board game’ fuelled the feud with RBI News: The simmering tensions between the Reserve Bank of India and the Centre found spectacular release recently through a public speech by Deputy Governor Viral Acharya. Important Facts: A certain amount of creative tension is systemically in-built between Reserve Bank of India and Centre given their… Continue reading How Centre’s ‘board game’ fuelled the feud with RBI