Tag Search: “public finance”
Why external sovereign debt should be avoided
The Finance Minister of India, in her 2019 Budget speech, announced the government’s intent to finance a part of the fiscal deficit by issuing sovereign bonds in the international financial markets. T...
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Pronab Sen
29 July, 2019
- Perspectives
Government securities market: Price discovery and the cost of Indian government borrowing
The government securities (G-Secs) market has substantial effects on other markets as the producer of risk-free interest rate benchmarks. Over 2017-18, there was a sharp rise in the interest rates of ...
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Ashima Goyal
15 July, 2019
- Articles
What do poor people think about direct cash transfers?
Based on a survey conducted over November-December 2018 with 3,800 respondents in rural Bihar, Khemani, Habyarimana, and Nooruddin present descriptive evidence on what the poor citizens of India think...
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James Habyarimana
Stuti Khemani
Irfan Nooruddin
06 June, 2019
- Perspectives
NYAY e-symposium: Tool for addressing multidimensional poverty
Ashwini Kulkarni (Director, Pragati Abhiyan) puts forth the view that an unconditional income transfer programme like NYAY can help address multidimensional poverty and enable the most vulnerable amon...
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Ashwini Kulkarni
03 May, 2019
- Perspectives
NYAY e-Symposium: Prioritise expansion of National Social Assistance Programme
Dr Pronab Sen (Country Director, IGC India) argues that the first priority should be to expand existing social security, which covers the elderly, the handicapped, and widows – given the fact that muc...
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Pronab Sen
03 May, 2019
- Perspectives
NYAY e-Symposium: Crucial to look into taxes for financing
Prof. S. Subramanian (National Fellow, Indian Council of Social Science Research) emphasises the importance of dealing directly with the question of enhanced taxation and some estimate of the likely o...
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S. Subramanian
03 May, 2019
- Articles
NYAY e-Symposium: The potential macroeconomic impact of NYAY
Niranjan Rajadhyaksha (Research Director and Senior Fellow at IDFC Institute) contends that the estimated cost of NYAY is substantial and there is ample reason to worry about the fiscal burden of the ...
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Niranjan Rajadhyaksha
02 May, 2019
- Perspectives
NYAY e-Symposium: Getting targeting right
Karthik Muralidharan (Tata Chancellor's Professor of Economics, University of California, San Diego) recommends targeting the 20% of poorest blocks in the country under NYAY, and making the cash trans...
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Karthik Muralidharan
02 May, 2019
- Perspectives
NYAY e-Symposium: Not long-term solution to poverty but useful ‘first-aid’
Maitreesh Ghatak (Professor of Economics, London School of Economics) contends that a cash transfer, as envisaged by NYAY, will provide some relief and a safety net to the poor living on the margins o...
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Maitreesh Ghatak
02 May, 2019
- Perspectives
Introduction to e-Symposium: Decoding Congress’ NYAY
A major announcement in the Congress manifesto, in the ongoing parliamentary election, is the minimum income guarantee proposal – Nyuntam Aay Yojana (NYAY). In this symposium, Bharat Ramaswami (Ashoka...
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Ashok Kotwal
01 May, 2019
- Symposium
NYAY e-Symposium: Four concerns around cash transfer policies
Bharat Ramswami (Professor of Economics, Ashoka University) discusses four sets of caveats in implementing NYAY as an add-on cash transfer. He contends that the emergence of cash transfers as a sustai...
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Bharat Ramaswami
01 May, 2019
- Perspectives
NYAY e-Symposium: Doing justice to NYAY
Jean Drèze (Visiting Professor, Ranchi University) discusses the role of NYAY in the larger context of social security in India, and proposes some tentative principles for the scheme
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Jean Drèze
01 May, 2019
- Perspectives