Currency in circulation

Currency in circulation: What India’s ₹40 lakh crore cash stock means

Currency in circulation hit a record ₹40 lakh crore in January 2026 despite UPI clocking about 21.7 billion transactions worth ₹28.33 lakh crore. #UPI Read more »
policy circle image

India-US trade deal: Which farm products enjoy tariff cuts

The interim India-US trade deal keeps agriculture products mostly outside the framework, but the real risk lies in a few tariff lines, not a broad import surge. Read more »
Gujarat’s digital food currency pilot

Can digital food currency address PDS design flaws

Gujarat’s digital food currency pilot will use e-rupee coupons for PDS entitlements, but can it ensure failure-proof delivery at ration shops? #PDS #Ration #Gujarat Read more »
AI democratisation

New CPI series: Inflation may look steadier after rebasing

The new CPI series broadens services coverage and strengthens housing inflation measurement, including rural rent collection. Read more »
IT Rules Amendment

IT Rules Amendment: 3-hour takedown rule tests platform moderation

IT Rules Amendment's takedown timeline may curb irreversible harms, but they also risk opaque censorship and higher entry barriers for smaller platforms. #ITrules Read more »
revenue deficit grants scrapped

Scrapping revenue deficit grants could deepen centre-state fault lines

The 16th Finance Commission’s proposal to scrap revenue deficit grants may hurt weaker hill and northeastern states, and may revive ad hoc dependence on Delhi. Read more »
India-Bangladesh ties

India-Bangladesh ties: How Delhi lost a trusted friend

India bet on one party and one leader as the basis of India-Bangladesh ties, and the cost is strategic drift and harder bargaining with Bangladesh. Read more »
16th Finance Commission

16th Finance Commission: New devolution formula, tighter grants

The 16th Finance Commission keeps 41% vertical devolution but changes the horizontal formula: per-capita GSDP distance stays dominant, while GDP contribution gets a new 10% weight. #financecommission #GDP Read more »
PM Internship Scheme

PM Internship Scheme: Offer acceptance falls as design misfires

PM Internship Scheme is being redesigned in pilot as offer acceptance falls and fund use stays low, pointing to a design-demand mismatch. Read more »
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US-Bangladesh deal narrows India’s US textile advantage

With the US-Bangladesh deal in order, Dhaka’s 19% tariff and US-input zero-duty window compress India’s edge in thin-margin US apparel categories. #US #Bangladesh #India Read more »