Some of the important policy issues on which the economists of the department joined national debate through bulletin articles expressing their independent views include: the impact of RBI's pandemic related policy measures; the relationship between RBI's balance sheet size and inflation; the equilibrium real interest rate in India; drivers of movements in the yield curve; COVID-19 impact on food price mark-ups; rural urban inflation dynamics; risk analysis of state finances; the quality of public 9 expenditure; external debt sustainability and vulnerability; privatisation/consolidation of public sector banks; estimation of green GDP for India; and the silent revolution in renewable energy.
4/6  BIS - Central bankers' speeches  17. To further strengthen the general government statistics in India, the maiden Report on Municipal Finances – detailing the local government finances data – was published by the department this month.