This essay examines the trajectory of India?s fiscal policy with a focus on historical trends, fiscal discipline frameworks, fiscal responses to the global financial crisis and subsequent return to a fiscal consolidation path. [Ministry of Finance WP]....

This ILO flagship report: (i) provides a global overview of the organisation of social protection systems, their coverage and benefits, as well as public expenditures on social security; (ii) following a life-cycle approach, presents social protection for children, for women and men of working...

Budget speech 2011-2012 by Pranab Mukherjee.

The need for fiscal consolidation and sustainability is one of the key macroeconomic issues confronting Indian economy. This paper attempts to understand India’s current fiscal situation, its likely future development, and its impact on the economy in the context of a weak global recovery...

*Bank Rate kept unchanged *Cash Reserve Ratio to be increased by 50 basis points to 7.0 per cent with effect from the fortnight beginning August 4, 2007 *GDP growth projection for 2007-08 retained at around 8.5 per cent, barring domestic or external shocks

The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and characterized the recent spate of events, the specific responses of central banks and some challenges...

One of the burning issues at the moment relates to increasing the “voice†or representation of emerging-market economies in international financial institutions such as the IMF and World Bank. There are many issues and challenges facing the monetary policy in emerging markets. In the...