IMPRI Desk

IMPRI Desk

  • Joined: August 6, 2023
  • Articles: 2990

RBI’s Exchange Rate Management Policy: Defending the Rupee Amid the West Asia Oil Shock

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On February 28, 2026, war broke out in West Asia after the United States and Israel launched a coordinated large-scale air campaign across Iran, reigniting long-standing regional tensions. The conflict quickly escalated, with Iran closing the Strait of Hormuz, a strategic maritime channel connecting the oil-rich Persian Gulf to the Gulf of Oman and the Arabian Sea. More than 20 percent of global oil and liquefied natural gas exports pass through the strait, making it one of the world's most critical energy corridors and particularly important for Asian economies such as India.

Tracking GST Evasion: Assessing India’s New Track and Trace Mechanism (2025)

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Tax evasion is a constant threat and has a deep impact on the revenue collection of the Indian government. Before the GST (Goods and Services Tax), the Indian tax system was complex, as there were multiple taxes on consumers. CGST (Central Goods and Services Tax) field officers have detected a substantial 7.08 lakh crore rupees worth of tax evasion in about 91,370 cases in the last five years, i.e., from FY 2020-21 to 2024-25 (N. J. Jain & Associates, 2025). A major chunk of this evasion is in the form of Input Tax Credit (ITC) fraud, over 44,938 cases, to the tune of ₹1.79 lakh crore (N. J. Jain & Associates, 2025). These figures continue to be a challenge for India’s tax administration and the government’s efforts to contain financial irregularities.

Reimagining Retirement Security: The Evolution of India’s National Pension Scheme Since 2004

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The National Pension System (NPS) was notified by the Ministry of Finance on 22 December 2003 and became effective from 1 January 2004. Originally introduced as the New Pension Scheme, it was designed as a new defined contribution system to replace the traditional defined benefit Old Pension Scheme (OPS) for new government recruits and represents a major shift in India’s approach to old-age income security.

National Cyber Coordination Centre: Evaluating India’s Approach to Proactive Cyber Defence 

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The modern international security context demands a reconsideration of the ideas and institutions that have traditionally governed statecraft and national security. Traditional security thinking focused primarily on state security, identifiable adversary states, military means, territorial defence, and deterrence.

Himachal Pradesh Departments Schemes Update 2026

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Himachal Pradesh attained full statehood on 25 January 1971. Its administrative system has evolved over time to encompass a wide range of functions, from long-established welfare, revenue and development responsibilities to newer areas such as digital governance, environmental management and climate change.

RBI’s Gold Loan Directions (2025): Balancing Prudence and Rural Access

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The gold loan segment has historically been one of India's fastest-growing forms of secured retail credit, valued for its speed of disbursal, minimal documentation, and accessibility to borrowers who lack formal credit histories, particularly in rural and semi-urban India. Until 2025, however, gold loan regulation was fragmented, banks, cooperative banks, and non-banking financial companies (NBFCs) operated under separate, inconsistent guidelines, creating scope for regulatory arbitrage.

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