As seen from the year 2001, economic policy in developing and post-socialist economies during the preceding 10-15 years had one dominating theme - external "liberalization" or the drastic lowering or removal of long-standing barriers to almost all international transactions in markets for goods...

Indian cities are characterised by rapid growth in human as well as motor vehicle populations. Although the poor benefit the least from motor vehicle activity, they bear the brunt of its impacts. The policy challenge is, how to fulfill mass mobility needs, while minimizing these adverse impacts....

The Reserve Bank has stepped up its efforts in recent years to enhance the penetration of the formal financial sector and promote financial inclusion with a view to improving the well-being of our society. In this regards, the Reserve Bank has been undertaking special initiatives for extending...

Inflation management is one of the hardest tasks an economic policymaker has to undertake. It appears, at first sight, that one can rely entirely on commonsense to carry out this task. But that will be a cardinal mistake. While inflation policy does require judgment and intuition, it is...

All proposals and policy measures in the forthcoming Budget may best be summed up as efforts to improve the sustainability of growth. Specific objectives are likely to be lowering inflation and deficits - fiscal and current account. While no major overhaul of taxes are expected, if the...

A monthly compilation by IRIS.

The foundation of the new policy, known as the “National Policy for Senior Citizens 2011†is based on several factors. These include the demographic explosion among the elderly, the changing economy and social milieu, advancement in medical research, science and technology and high...

A Bill to lay down an obligation upon every public authority to publish citizens charter stating therein the time within which specified goods shall be supplied and services be rendered and provide for a grievance redressal mechanism for non compliance of citizens charter and matter connected...