Category Center for the Study for Finance and Economics

WhatsApp Image 2026 09 01 at 11.58.41 AM

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

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.

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

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.

WhatsApp Image 2026 08 31 at 22.58.39

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

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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BIS Gold Hallmarking (2021): Certifying Purity and Building Consumer Trust in India

Gold hallmarking in India began as a voluntary certification scheme run by the Bureau of Indian Standards (BIS) in April 2000, allowing jewellers to have their gold articles tested and marked for purity by BIS-recognised centres since it was started by BIS in April 2000 to provide third-party assurance to consumers on the purity of gold jewellery.

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