Soumya Kanti Ghosh

India must address faculty vacancies, skills gaps and examination flaws to make educational opportunity more equitable

An analysis of India's Budget speeches since Independence reveals a growing confidence in tone

Centrally Sponsored Schemes have complemented state fiscal capacity by improving access to essential public services while reducing regional disparities

Most importantly, the slew of reforms announced in today's meeting to support the rupee augurs well for the economy and markets while keeping the growth momentum sacrosanct

The 16th Finance Commission shifts focus away from demography, arguing ageing alone does not weaken state finances or justify higher transfers

The first of a two-part series explains how the Centre has adhered to a fiscal consolidation path and why it is imperative for states to align their fiscal trajectories too

When seen historically, India's exchange rate arrangement, both de-facto and de-jure, was floating from 1999 to 2022 (independent, managed, and floating)

The forward-looking ECL-based allowance (or provision) is applied at origination and for all subsequent reporting periods to financial assets till derecognition

The GST Council's efforts at rationalisation have steadily lowered the system's complexity while sustaining revenue buoyancy

After pandemic, this is the first time RBI has reduced policy repo rate by 50 bps to 5.5%

The integration of AI in economic forecasting, specifically inflation prediction, is a burgeoning field that leverages advancements in ML and natural language processing

Let us look at the data. We find out technically that there was a regime shift in terms of movements in the value of the rupee when it crossed 80 to the dollar in August 2022

In all, the policy has travelled considerable space in addressing the emerging issues in financial services

Apprehensions have been expressed in public domain of a slowdown in money supply on the back of an inadequate reserve money expansion and this could play a role in growth slowdown

Employers and employees must contribute a percentage of their basic salary plus DA towards the UPS fund - which differentiates it from OPS but makes it similar to NPS

Households still invested Rs 10 trillion in bank deposits and another Rs 2.5 trillion in small savings deposits out of this Rs 29.7 trillion pie, or 42%

While the share of retail loans has increased, they are anchored in secure home loans

Domestically, however the economy continues on a strong footing

Changes to IP laws have yielded results, leading to an improvement in India's ranking in the innovation index

Growth prospects are robust domestically. Key drivers on the demand side, household consumption will improve further, while prospects of fixed investment remain bright