Context: Midway through FY2026–27, the Union Government faces the possibility of fiscal slippage due to subdued tax revenue growth, slowing capital expenditure and rising subsidy requirements.The Union Budget had targeted a fiscal deficit of 4.3% of...

Context: On 8 November 2016, the government demonetised ₹500 and ₹1,000 currency notes, withdrawing approximately 86% of currency in circulation by value, with only four hours' notice.The stated objectives were to curb black money, counterfeit curren...

Context: India’s retail inflation rose to 5.54% in September, from 4.83% in August, indicating generalisation or spread of inflation across a wider range of goods and services. The RBI has acknowledged emerging signs of elevated inflation expectation...

Context: Retail inflation rose to 5.54% in September, an almost two-year high, keeping headline Consumer Price Index (CPI) inflation above the RBI’s 4% target for the fourth consecutive month; rural inflation reached 6.08%, while rural food inflation...