Theories juxtaposed with big data will give birth to a new generation of policy-relevant models
Even if we assume formalisation pushed up the formal employment, can we deny we were under-reporting such payroll data earlier?
The Bill, in its current form, is almost equivalent to the Deposit Insurance and Credit Guarantee Corporation Act
The moral of the story: Banks are often blamed for incomplete monetary policy transmissions!
The government has been pushing banks to install more PoS machines, but there is a question of viability of the entire business
GVA decline can be due to late impact of demonetisation and destocking activities undertaken pre-GST
The committee should take ground realities into consideration and choose the best way forward
RBI publishes the number of currency notes printed of different denominations in its annual report
The agriculture sector has also received specific focus in the Budget
When a point of view is unsubstantiated by data, it becomes a sort of repetitive analysis
In the next two months, 78 to 98 per cent of the extinguished currency could be back in circulation
The government must spend the funds on activities like infrastructure development. There is nothing wrong in this -in fact, there is precedent for this type of spending and the government and the regu
If demonetisation is carried out over periodic intervals without prior intimation, people would be discouraged to hold cash
With govt and RBI already upping the ante by setting an inflation target for the next five years, it is imperative that there is a broader consensus on the fiscal deficit target as well
The global experience of inflation targeting has not been impressive, with the number of countries facing negative inflation increasing in the last few years. The question is: Are such price declines