Tag Search: “fiscal policy”
Goods and services tax: Estimating optimal rates
Introduced in India in 2017, a key feature of the goods and services tax (GST) system is that the tax rate for a particular commodity is uniform across the country. Based on a counterfactual framework...
- Amita Majumder Ranjan Ray Sattwik Santra
- 09 July, 2021
- Articles
The importance of a climate stimulus in India
The Covid-19 pandemic has plunged India into recession, and substantial stimulus from the government is required to jump-start the economy. In this post, Ingmar Schumacher contends that while systemic...
- Ingmar Schumacher
- 04 June, 2021
- Perspectives
Budget 2021-22: A political economy perspective
Examining the 2021-22 Union Budget with a political economy lens, Yamini Aiyar contends that the policy choices reflects Government of India’s propensity to centralise rather than to devolve, and a sh...
- Yamini Aiyar
- 15 February, 2021
- Perspectives
Budget 2021-22: Does it address structural issues?
Highlighting some of the key features of the 2021-22 Union Budget, Sarthak Agarwal contends that although this Budget was presented in an exceptionally difficult period for the Indian economy, policym...
- Sarthak Agrawal
- 12 February, 2021
- Perspectives
Budget 2021-22: A passing grade
Assessing the 2021-22 Union Budget, Bhaskar Dutta argues that while there are several positive features, the overall thrust is disappointing because it does not address the needs of the poor.
- Bhaskar Dutta
- 09 February, 2021
- Perspectives
Budget 2021-22: A macroeconomic overview
Providing a macroeconomic overview of the Union Budget 2021-22, Niranjan Rajadhyaksha and Sharmadha Srinivasan contend that it is based on realistic assumptions of nominal GDP growth, is reasonably ai...
- Niranjan Rajadhyaksha Sharmadha Srinivasan
- 08 February, 2021
- Perspectives
Budget 2021-22: Missed opportunity for increasing tax collection
Examining income tax announcements of Budget 2021-22 with a broader perspective, Gurbachan Singh highlights the need to increase tax collection in India in a gradual and careful but sustained manner. ...
- Gurbachan Singh
- 04 February, 2021
- Perspectives
Budget 2021-22: A gender lens
Examining the 2021-22 union budget through a gender lens, Nalini Gulati discusses what the budget does – and does not do – for women in the Indian economy, particularly with respect to the digital pus...
- Nalini Gulati
- 02 February, 2021
- Perspectives
Fiscal rules during the Covid-19 pandemic
Several countries have amended their fiscal rules to provide for additional public spending, in order to revive their economies that have been adversely hit by the pandemic. This post examines the fis...
- Sahana Roy Chowdhury Radhika Pandey
- 30 January, 2021
- Perspectives
State of the Indian economy: Diagnosis and recommendations
Arvind Subramanian (India’s former Chief Economic Adviser) and Josh Felman (former IMF Resident Representative to India) have brought out a new policy paper, offering a diagnosis of the Indian economy...
- Ashok Kotwal
- 28 January, 2021
- Perspectives
Inflation targeting and capital flows
Current law in India mandates a review of the target inflation rate by 31 March 2021 for a five-year period. Several critics have called for abandoning the flexible inflation targeting regime altogeth...
- Gurbachan Singh
- 06 January, 2021
- Perspectives
Covid-19 crisis: Response should not undermine institutions
The unprecedented economic crisis triggered by the Covid-19 pandemic has resulted in calls for drastic actions on part of the government and RBI. In this post, Sengupta and Vardhan content that these ...
- Rajeswari Sengupta Harsh Vardhan
- 15 December, 2020
- Perspectives