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Tag Search: “public finance”

How financial stress impacts consumer confidence

The financial turmoil of 2008 and the subsequent recession amplified the association between vulnerabilities in the financial markets and the real economy. Examining the behavioural responses of India...

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The growing burden of state subsidies

Delivery of welfare benefits to citizens by state governments in India often takes the form of subsidies. Analysing budgetary data from seven Indian states for the period between 2018-19 and 2022-23, ...

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Do commodity derivatives suspensions rein in food price inflation?

Since December 2021, derivatives trading on seven agricultural commodities remains suspended, driven by concerns over excessive speculation and its potential impact on food prices. This article highli...

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Union Budget 2025-26: Many small measures but lacks big ideas

The Finance Minister recently presented the Union Budget for 2025-26. In this post, Rajeswari Sengupta notes that the most significant aspect of this Budget is the fiscal stimulus aimed at middle-clas...

  • Perspectives

Network membership and demand for health insurance

Despite being free and having liberal eligibility criteria, the adoption of public health insurance in India remains low. This article examines how informal networks influence adoption behaviour, in t...

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Moratorium on new subsidies to garner resources for public spending on health

Employability is fundamentally driven by human capital development, encompassing health and education. Based on analysis of data from about 100 economies, Shishir Gupta argues that in India, the lack ...

  • Perspectives

When is corporate debt a threat to macroeconomic stability?

Since the 2007-08 Global Financial Crisis, policymakers have focused on household debt as the primary risk factor for macroeconomic stability. Should they be similarly worried about corporate debt? Ba...

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WazirX: Socialisation of losses and need for financial regulation

The cryptocurrency exchange WazirX recently faced a security breach resulting in huge losses for its users. In this post, Nipuna Varman evaluates the ‘loss socialisation’ recovery plan that was initia...

  • Perspectives

How RBI’s macroprudential policies shape housing loan decisions

The recent surge in housing finance in India calls for a robust regulatory framework to ensure financial stability and avert overheating of the housing market. Using data on individual mortgage loans ...

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Expected or unexpected? Strategic communication around audits to maximise deterrence

Even with evidence on how audits can be designed to be more effective in deterring corruption by bureaucrats, in practice, budget constraints restrict governments from being able to conduct audits wit...

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India’s foreign reserves and global risk

India’s foreign exchange reserves, relative to GDP, have been on the rise. This article examines the motives behind the hoarding of reserves by central banks, and if adequate reserves are held for pur...

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Green is good: Risk insights into Indian green stocks

While consistent financial flows towards climate resilience are crucial, there is a recent global trend of withdrawal of investment from ‘green assets’. Given the centrality of potential risk-adjusted...

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