News: Reserve Bank of India (RBI) has released its annual study of state finances. What are the findings of the report? -States’ gross fiscal deficit breached the 3% of gross domestic product (GDP) mark. -Combined revenue deficit of the state governments rose from 0.1% of GDP in 2018-19 to 2% of GDP in 2020-21 because… Continue reading Annual Report on State Finances: The vital third tier
Tag: Reserve Bank of India
RBI must come clean where it stands on climate change
Source: Livemint Relevance:This article explains why the RBI should include green financing and what are the challenges faced by the RBI in its execution? Contents1 Synopsis:2 Introduction:3 Extreme Climatic events at global level:4 How Climatic events will impact economy?5 About the Network for Greening of the Financial System (NGFS):5.1 NGFS:6 The Challenges faced by RBI… Continue reading RBI must come clean where it stands on climate change
Always a fine balance
Always a fine balance News: The article discusses about the recent simmering tensions between the Reserve Bank of India and the Centre. Important Facts: A certain amount of creative tension is systemically in-built between Reserve Bank of India and Centre given their different perspectives. For example, Centre’s concern is short-term and political while RBI’s concern… Continue reading Always a fine balance
How Centre’s ‘board game’ fuelled the feud with RBI
How Centre’s ‘board game’ fuelled the feud with RBI News: The simmering tensions between the Reserve Bank of India and the Centre found spectacular release recently through a public speech by Deputy Governor Viral Acharya. Important Facts: A certain amount of creative tension is systemically in-built between Reserve Bank of India and Centre given their… Continue reading How Centre’s ‘board game’ fuelled the feud with RBI
