Centre must step up cash flows to the states

Source: Indian Express Synopsis: Borrowing by states via state development loans has been low in the first quarter of the present financial year. Reasons are discussed. State Development Loans (SDLs) A predominant source for state governments to raise money to finance their fiscal deficit is via SDLs or bonds. RBI facilitates the auctioning of SDLs. SDLs… Continue reading Centre must step up cash flows to the states

Securities market: On the cusp of change

Relevance: A robust financial market is critical for optimum channelization of surplus in an economy.  Synopsis: We need to establish a capable financial market system. One of the challenges is the less than perfect functioning of regulatory bodies.  Problems with the regulators  Concentrated power: Regulators in India are unique in having concentrated power, with an intermixing… Continue reading Securities market: On the cusp of change