The drop in the financial savings rate, for instance, has been addressed through an increase in the eligible income limit for the Rajiv Gandhi Equity Savings Scheme.
Finance Minister Pranab Mukherjee was saddled with a number of handicaps when he presented the Union Budget 2012-13 on Friday morning.
The Greece and Euro-zone bailout may not end their solvency problems but it signals that EU policymakers remain committed to global financial stability.
G20 meetings last year degenerated into a sort of a grand junket for stressed out global leaders.
RBI does need to keep signalling to the markets that it is tough on inflation.
Hardly ever, because none of them has a crystal ball and all of them depend on current trends.
Turbulence in financial markets could mean that 'exit' from expansionary policies will be delayed.
The prospect of the Chinese central bank tightening rates is the biggest risk for the financial markets, says Abheek Barua.
While there are certainly more hawks perched on monetary policy committees of central banks around the world now than a couple of months ago, the doves still have the upper hand.
The RBI may be concerned about inflation but it is unlikely to put an abrupt end to monetary accommodation
The finance minister should attempt to quickly get back to a path of fiscal consolidation.
For investors dumping dollar assets, emerging world capital markets are a clear alternative, says Abheek Barua.
There is little evidence that investments are picking up in the private sector or in infrastructure, says Abheek Barua
The entire concept of PLRs ought to be recast to make them more representative.
Those of us who predicted a bottom for the financial markets earlier this year have reason to be contrite, says Abheek Barua.
Those of us who predicted a bottom for the financial markets earlier this year have reason to be contrite, says Abheek Barua.
This does not necessarily mean that macroeconomic data will improve dramatically. Growth and employment could depress for a while. The markets are, however, unlikely to bother with absolute levels. They will cheer a situation in which the numbers don't get any worse and show the mildest promise of improvement.
Abheek Barua on buzzwords and catch phrases that hogged the headlines in 2008 but are now passe.
Sticking to fiscal targets in the middle of a global slowdown could be dangerous.
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