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Category Archives: Economics

CAG highlights the flaws in government’s accounting procedure

Comptroller and Auditor General of India highlighted the flaws in union government’s accounting procedure which led to under-estimation of revenue and fiscal deficit for 2015-16. Accordingly government failed to oblige fiscal targets as set by FRBM Act, 2003.

Point to …

Minsky Moment

Minsky Moment refers to a sudden collapse of asset values as part of the credit cycle of expansion and contraction of access to credit over time. This moment starts in the period of stability that encourages risk appetite. High risk …

Basel norms and Indian reality

Basel accord refers to a set of agreement by members of Basel Committee on Banking Supervision (BCBS) which mainly focuses on risks to banks and the financial system. At different stages it devised various tools like CASA, RWA, LEVERAGE RATIO, …

Demonetisation: meaning, strength & weaknesses


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Economic Survey 2017 Series-6: Two India- White Tigers and Non-White Tigers

TWO INDIA: White Tigers and others

“….an India of Light and an India of Darkness………..Every place on map of India near Oceans is well off. But the rivers bring darkness to India.”  The White Tiger by Arvind Adiga

The above …

Economic Survey 2017 Series-5: Vulnerables and Inclusive growth

Inclusive growth can never be achieved without the development of all sections of societies, particularly the vulnerable sections. Several steps and schemes have been launched since independence to promote development of weaker sections of society.

Schemes for Minority 

  1. Nai Roshni

Economic Survey 2017 Series-4: UNIVERSAL BASIC INCOME

Universal Basic Income has three components:

  1. Universality
  2. Unconditionality
  3. Agency (by providing support in the form of cash transfers to respect, not to dictate the recipients).

Objectives of UBI:

  1. To achieve social justice: minimum income assures guarantee of a minimum decent

Economic Survey 2017 Series-3: Cyclical Policy- India and Advanced Economies

Global crisis, financial management and India

Cyclical policy

It refers to the government’s approach towards spending and taxation during different cyclical economy

Pro cyclical policy

It refers to the government policy of

  • Increasing spending and reducing taxes during boom period

Economic Survey Series-2: Twin Balance Sheet Problem

Twin balance sheet problem and Indian Paradox

Twin balance sheet problem refers to the burden of over leveraged companies and bad loans of banks.

This happened in East Asia during 1997-1998 & US & EU in 2008-2009 but unlike these …

Demonetisation: The real need and compulsions

Government took a major initiative to cling the economic system through demonetization. It created huge  economic disruption with 85% currency reverting back to the banks. According to government, the 4 major objectives behind this demonetisation is to curb

  1. Corruption
  2. Counterfeiting
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