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Flexible Inflation Targeting Needs Careful Future Calibration Syllabus: GS Paper – 3 Monetary Policy Growth & Development , Fiscal Policy Why in the News ? India’s Flexible Inflation Targeting (FIT) framework, which mandates maintaining 4% inflation with a ±2% band, is due for review in March 2026. The RBI’s new discussion paper raises key questions …
Read MoreWhy in the News? The RBI’s latest report on the Quality of Public Expenditure (QPE) Index highlights improved fiscal management in India. It assesses capital and revenue spending trends since 1991, showing better public expenditure quality, especially with a focus on capital investment post-COVID-19. Context & Background: The Reserve Bank of India (RBI) has developed …
Read MoreSyllabus: GS 3: Indian Economy and issues . Taxation and Tax reforms Government Budgeting Policy Transformation Why in the News? Recent tax data revealing a surge in personal income tax collections and a decline in corporate tax revenues have sparked discussions on India’s tax system’s fairness and effectiveness. The shift towards greater reliance on personal …
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