The document summarizes several upcoming economic events in India and their potential macroeconomic impacts. In August, the selection of a new RBI governor and the passage of GST could have both short-term negative and long-term positive effects on economic growth and inflation. The selection of members for the Monetary Policy Committee in August/September aims to reduce bias from external members. FCNR(B) redemptions from September/November may put slight pressure on the balance of payments but are expected to have a manageable impact. The increases in allowances from the 7th Pay Commission from October/November are projected to increase consumer price inflation and widen the fiscal deficit.