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Tag Search: “fiscal policy”

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...

  • 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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Agriculture and the Union Budget: policies and prospects

In this post, Shoumitro Chatterjee and Mekhala Krishnamurthy analyse the key proposals in the Union Budget 2019 pertaining to reforms in agricultural market, ease of doing business for farmers, and ag...

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Union Budget 2019: An attempt to address the economy’s stress points

In this post, Niranjan Rajadhyaksha contends that in the first Budget of the second Narendra Modi administration, Finance Minister Nirmala Sitharaman has made an honest attempt to address some of the ...

  • Perspectives

The great disinflation in emerging and developing economies

Emerging market and developing economies (EMDEs) have achieved a remarkable decline in inflation since the early 1970s. Whether EMDEs can continue enjoying the benefits of low inflation will depend on...

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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...

  • 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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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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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 ...

  • 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...

  • 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...

  • 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...

  • Symposium