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Posts by Radhika Pandey

Understanding ‘consumer price index’ and consumption baskets

The Consumer Price Index (CPI) is used as an indicator in various policymaking contexts, and has gained greater significance since the adoption of the inflation targeting framework in India. In this p...

  • Perspectives

Fiscal rules during the Covid-19 pandemic

Several countries have amended their fiscal rules to provide for additional public spending, in order to revive their economies that have been adversely hit by the pandemic. This post examines the fis...

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Covid-19: Assessing fiscal position of government in first quarter of 2020-21

In this post, Pandey and Raju analyse the trends in the revenue, expenditure, and borrowings of the Government of India in the first quarter of 2020-21, based on data released by the Controller Genera...

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कोविड-19 और एमएसएमई क्षेत्र: समस्या 'पहचान' की

हाल ही में 5,000 सूक्ष्म, लघु और मध्यम उद्यमों (एमएसएमई) के एक सर्वेक्षण में पाया गया कि उनमें से 71 प्रतिशत उद्यम मार्च 2020 में भारत में कोविड-19 लॉकडाउन के कारण अपने कर्मचारियों के वेतन का भुगतान न...

  • दृष्टिकोण

Covid-19 and MSMEs: The ‘identification’ problem

A recent survey of 5,000 micro, small, and medium enterprises (MSMEs) found that 71% of them could not pay salaries to their workers in March 2020 due to the Covid-19 lockdown in India. The government...

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येस बैंक: एक संकट का गहन विश्‍लेषण

भारतीय बैंकिंग क्षेत्र में हाल के वर्षों में सामने आई धोखाधड़ी और असफलताओं की पूरी श्रृंखला, बैंकिंग पर्यवेक्षण की कमजोरियों को दर्शाती है। इस पोस्ट में, पांडे और प्रियदर्शिनी यह तर्क देते हैं कि रिज़...

  • दृष्टिकोण

Yes Bank: The anatomy of a crisis

The string of frauds and failures unearthed in recent years in the Indian banking sector indicate weaknesses in banking supervision. In this post, Pandey and Priyadarshini argue that the Reserve Bank ...

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Approaches to regulation of cryptocurrencies

In June, Facebook announced its plan to create a global, private cryptocurrency, backed by a reserve of assets and held by a network of reputed companies. In the backdrop of changing dynamics of crypt...

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How tax incentives influence household financial saving

Indian households tend to hold a high fraction of their wealth in non-financial assets such as real estate and gold. Tax policy has been used to incentivise saving in financial assets and encouraging ...

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The challenge of identifying economic activities of firms

The reliability of India’s GDP estimates has been debated extensively. A key challenge in the construction of macro-aggregates lies in the proper identification of firms’ economic activities as fi...

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Explainer: Conceptual foundations of cryptocurrencies

In recent times, cryptocurrencies have become a subject of intense deliberations among policymakers, market participants, investors, and other stakeholders. Whether cryptocurrencies will revolutionis...

  • Explainers

Facilitating foreign investment in rupee-denominated debt

On 22 September 2017, the RBI notified that rupee-denominated offshore bonds – popularly known as ‘masala bonds’ – will no longer form part of the limit for investment in corporate bonds by fo...

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