![]() Public debt as a ratio to GDP soared across the world during COVID-19 and is expected to remain elevated. Chapter 2 aims to study the evolution of the natural rate of interest across several large advanced and emerging market economies. The natural rate of interest is important for both monetary and fiscal policy as it is a reference level to gauge the stance of monetary policy and a key determinant of the sustainability of public debt. Inflation’s return to target is unlikely before 2025 in most cases. Global headline inflation in the baseline is set to fall from 8.7 percent in 2022 to 7.0 percent in 2023 on the back of lower commodity prices but underlying (core) inflation is likely to decline more slowly. In a plausible alternative scenario with further financial sector stress, global growth declines to about 2.5 percent in 2023 with advanced economy growth falling below 1 percent. Advanced economies are expected to see an especially pronounced growth slowdown, from 2.7 percent in 2022 to 1.3 percent in 2023. The District Legal Services Authority is situated in the District Courts Complex.The baseline forecast is for growth to fall from 3.4 percent in 2022 to 2.8 percent in 2023, before settling at 3.0 percent in 2024. In every District, District Legal Services Authority has been constituted to implement Legal Services Programmes in the District. ![]() ![]() The State Legal Services Authority is headed by Hon’ble the Chief Justice of the respective High Court who is the Patron-in-Chief of the State Legal Services Authority.A Seniormost Judge of High Court is nominated as Executive Chairman, SLSA. In every State, State Legal Services Authority has been constituted to give effect to the policies and directions of the NALSA and to give free legal services to the people and conduct Lok Adalats in the State. It is working during office hours on all working days. ![]() The NALSA Centre for Citizen Services is set up at Jaisalmer House,Man Singh Road, New Delhi-110011. ![]() Chandrachud,Judge The Chief Justice of India is the Patron-in-Chief. NALSA is housed at Supreme Court of India, Tilak Marg, New Delhi, Delhi(110001). The National Legal Services Authority (NALSA) has been constituted under the Legal Services Authorities Act, 1987 to provide free Legal Services to the weaker sections of the society and to organize Lok Adalats for amicable settlement of disputes. ![]()
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