How the rupee’s slide will impact India’s economy

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How the rupee’s slide will impact India’s economy Multiple forces have been pulling the Indian rupee down, including the exit of foreign portfolio investors, the rising cost of international crude oil prices, and a strong dollar. How low can the rupee go? The rupee was falling till the middle of De...

Road ahead for GST as reform completes 5 yrs

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Road ahead for GST as reform completes 5 yrs What is the backdrop for the meeting? The 47th meeting of the GST Council will be held at a time tax authorities are planning to improve the efficiency of the GST architecture even as the economy continues healing after the pandemic. Though the stressed ...

Gig workers and the long road to employee status

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Gig workers and the long road to employee status Many countries are pushing digital platform companies employing gig workers to treat them as ‘employees’. Now, India’s federal think tank Niti Aayog has joined the debate, recommending social security policies for such workers. What is Niti Aayog’s r...

Why we need to fix sinking state finances now?

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Why we need to fix sinking state finances now? Why we need to fix sinking state finances now? State governments are confronting various fiscal risks, particularly heavy debt, says the Reserve Bank of India’s latest bulletin. The Centre too recently red-flagged states’ high off-budget borrowings and...

Will RBI move to settle trade deals in rupees work?

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Will RBI move to settle trade deals in rupees work? Will RBI move to settle trade deals in rupees work? The Reserve Bank of India (RBI) on Monday introduced a rupee settlement system for international trade, which could help India promote its exports and facilitate trade with countries under sancti...