Pinaki Chakraborty

Nov 25, 2024 | academic.oup.com | Y V Reddy |Partha Pratim Ray |Pinaki Chakraborty

What started as a sub-prime mortgage crisis in the US in 2007 snowballed into global recession soon after. It has turned itself into an economic crisis, if not a sociopolitical one. While the period covering 2014–19 was one of return to the growth trajectory, albeit of the new normal variety, there were various headwinds affecting growth—the US-China trade war, initial confusing signals of Brexit finally culminating in the UK’s exit from the European Union—to name a few.

Sep 27, 2024 | epw.in | Y V Reddy |Pinaki Chakraborty

Understanding the Issue from a Macro Lens Though the central bank balance sheet is a reflection of the interplay of various macroeconomic outcomes, in the Indian context, its relationships with the fisc and foreign exchange operations are significant. The positive impact of Reserve Bank of India surplus on fiscal imbalance is large and has often been used as an instrument to soften the budget constraint at the union level.

Jul 25, 2024 | indianexpress.com | Pinaki Chakraborty

Out of this increase, interest payments are around Rs 1 lakh crore higher as compared to the previous year, accounting for roughly 25 per cent of the rise. The rest is in central sector schemes (Rs 70,000 crore), centrally sponsored schemes and other central grants and transfers to states. A part of this additionality in transfers to states is also due to the new expenditure scheme allocations provided to Andhra Pradesh and Bihar in lieu of their demand for special-category status.

Apr 17, 2024 | theindiaforum.in | Pinaki Chakraborty

In recent months, we have seen vociferous protests from some of the southern states on the issue of devolution of resources from the union government to these states. The claims of a denial of a fair share of resources from the national pool vis-à-vis those that benefit from the redistributive transfers of that pool is a complex issue. The shrill discussion on the subject in recent times has the potential to harm the economic interest of both the north and the south.

Aug 23, 2023 | msn.com | Pinaki Chakraborty

Babloo Loitongbam is a lawyer and a well know human rights activists from Manipur. He is the director of Human Rights Alert, a human rights organisation. Babloo has been a long-time associate of civil rights activist Irom Sharmila who went on a hunger strike against the Armed Forces Special Powers Act. Though based in Imphal, Babloo has been stuck in Delhi since the violence broke out in Manipur. His family was threatened forcing him to stay put in the national capital till the situation improved.