Tag Search: “public finance”
Covid-19: Leading India effectively out of the lockdown
India is on the brink of coming out of its Covid-19 lockdown. In this post, Ghosh and Pal examine the challenges around the implementation of expert advice on effectively leading India out of the lock...
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Sugata Ghosh
Sarmistha Pal
13 May, 2020
- Perspectives
Covid-19: Consequences for state finances
When Covid-19 pandemic started in India, given that health is a state subject, individual states reacted as best they could under state-level legislations. However, as more than 60% of all economic ac...
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Pronab Sen
04 May, 2020
- Perspectives
15th Finance Commission: Covid-19 warrants rethink of local government allocations
The 15th Finance Commission has made significant departures from the previous Central Finance Commissions in its recommendations for urban local governments, in its interim report for 2020-21. In this...
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Meera Mehta
Dinesh Mehta
27 April, 2020
- Perspectives
Financing of fiscal response to Covid-19: A red herring?
Governments around the world are frenetically announcing an expanding slew of rapid response measures to address the fallouts of Covid-19 pandemic. The fiscal price tag on these measures is massive an...
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Ayushi Bajaj
Gaurav Datt
12 April, 2020
- Perspectives
Rural infrastructure development and economic activity
Estimating the effects of physical infrastructure investments on economic growth has remained challenging, especially in rural settings. This article studies the effects of a rural infrastructure gran...
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Ritam Chaurey
Duong Trung Le
18 March, 2020
- Articles
Infrastructure development: Current bottlenecks and way forward
Infrastructure development remains a key constraint in India’s economic development. Given the budgetary constraints of the government, private financing for infrastructure provisioning through public...
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Meenakshi Sinha
19 February, 2020
- Perspectives
Economic Survey 2019-20: How does it seek to address challenges of farm sector?
This year’s Economic Survey, the flagship document of the Ministry of Finance, was recently tabled in the Parliament at a time of economic slowdown and rural distress in India. In this post, Sudha Nar...
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Sudha Narayanan
05 February, 2020
- Perspectives
Tapping the revenue potential of property tax in India
Property tax, levied on ownership of any real property, is a significant source of revenue for city-level municipal governments in India. However, revenue collections from it are quite low as it is po...
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Soumyadip Chattopadhyay
Arjun Kumar
23 October, 2019
- Perspectives
Foreign currency sovereign bonds: Think before you leap?
Government recently announced its decision to borrow in foreign currency from abroad to finance part of government’s fiscal deficit. In this post, Renu Kohli discusses some key fiscal preconditions re...
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Renu Kohli
06 September, 2019
- Perspectives
Would RBI fund transfer weaken government's financial position?
The Reserve Bank of India (RBI) recently decided to transfer Rs. 1.76 trillion to the Government of India (GOI). If the RBI has inadequate capital, then it should not transfer funds to the GOI. But ev...
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Gurbachan Singh
02 September, 2019
- Perspectives
Public debt through the ages
The history of sovereign debt evolved over time along with the purposes for which governments borrowed: first State-building, then public-good provision, and most recently social welfare and entitleme...
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Barry Eichengreen
Asmaa El-Ganainy
Rui Esteves
Kris James Mitchener
30 August, 2019
- Articles
Challenges in decentralised implementation of centrally mandated anti-poverty programmes
Even when the central government is committed to a jobs guarantee, rationing of work opportunities can arise under decentralised implementation in poor places. This article examines India’s efforts to...
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Martin Ravallion
09 August, 2019
- Articles