Samiran Chakraborty
Articles by Samiran Chakraborty

2,000 note move may have marginal impact

The decision to withdraw the banknotes will impact liquidity, bank deposits and policy rates. All eyes will be on the share of notes exchanged versus deposited

Even if 10-20% of the <span class='webrupee'>₹</span>2,000 notes are deposited, the banking system liquid-ity will improve by <span class='webrupee'>₹</span>35,000-70,000 crore. This would imply that the RBI is less likely to change its monetary policy stance in June (SANTOSH KUMAR/HT PHOTO)
Updated on May 24, 2023 07:12 PM IST

Budget: Focus on the quality of expenditure

India judiciously refrained from a large demand-side fiscal stimulus even during the pandemic by focusing on more public capex to build the supply side. It is important to continue with that theme in the FY24 budget

To start with, high-frequency growth indicators are doing reasonably well. Our combined index from these indicators, called Growth Activity Tracker for India (GATI), shows that even after a slight moderation in the last couple of months, the growth momentum is now close to the pre-pandemic average. (Sonu Mehta/HT PHOTO)
Updated on Jan 30, 2023 08:04 PM IST

In the inflation fight, a liquidity conundrum

Without any liquidity provision by RBI, bank deposit rates could go up; funding the State’s fiscal deficit could be more challenging, and credit growth may falter

The Reserve Bank of India should be conscious of creating enough liquidity to ensure money supply growth broadly tracks nominal GDP growth (HT)
Updated on Oct 19, 2022 08:03 PM IST

Farmer terms of trade: A nimble balancing act

The Centre will have to balance between curbing inflation and food prices, and ensuring cultivators’ welfare and backing rural demand growth

Farmers also face another kind of ‘terms of trade’ challenge: Between food prices and non-food prices. This indicator has been worsening for farmers, but over the last six months, the trend has been somewhat arrested. (PTI)
Published on Jun 01, 2022 06:49 PM IST

What to expect from this year’s Union Budget

The finance minister is likely to focus on the economy beyond the pandemic. Energising medium-term growth drivers will be key and the government should target high capex growth to sustain the infrastructure development momentum

The perennial dilemma of the budget — between spending to stimulate growth and maintaining fiscal discipline — is more accentuated in a year such as this when economic recovery has been uneven and the fiscal situation, precarious. (MINT)
Updated on Jan 28, 2022 08:53 PM IST
BySamiran Chakraborty

Budget 2020: Nirmala Sitharaman will have to make difficult choices

The near-term focus must be on balancing the demand stimulus, fiscal consolidation and credible accounting

Finance minister Nirmala Sitharaman addresses a press conference, New Delhi, January 28, 2020(ANI)
Published on Jan 28, 2020 07:40 PM IST
BySamiran Chakraborty

Recovery takes time

If all the supportive policies are in place and confidence improves, then we can hope to see some recovery in investment in late 2013 or 2014. A good budget is important but we have to be patient as well., writes Samiran Chakraborty.

Updated on Feb 26, 2013 11:26 PM IST
BySamiran Chakraborty
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