Tag Search: “fiscal policy”
Interim Budget 2019: Rising fiscal deficit in a 'booming' economy
In this article, Rajeswari Sengupta analyses various nuances of the recently announced Union Interim Budget, including the deviation from the targeted path of fiscal consolidation. In a world of Aadha...
- Rajeswari Sengupta
- 04 February, 2019
- Perspectives
How tax incentives influence household financial saving
Indian households tend to hold a high fraction of their wealth in non-financial assets such as real estate and gold. Tax policy has been used to incentivise saving in financial assets and encouraging ...
- Radhika Pandey Ila Patnaik Renuka Sane
- 28 January, 2019
- Articles
Rapid Response on Setting Commercial Tax Targets
The project was carried out on the request of Principal Secretary, Department of Commercial taxes, Government of Bihar. It demonstrates what needs to be done to set district-wise commercial tax target...
- Pronay Sarkar
- 31 December, 2018
- IGC Research on India
Indian economy: High performer or Potemkin village?
The recent schizophrenic commentary on the health of the Indian economy raises questions on the true state: Is India doing really well or are we just seeing an impressive facade? In this post, Amartya...
- Amartya Lahiri
- 14 December, 2018
- Perspectives
Demonetisation’s multiple failures
With 99.3% of banned currency returning to the banks, it is clear that demonetisation’s primary objective of nullifying ‘black money’ was not achieved. In this post, Dr Renu Kohli contends that it is ...
- Renu Kohli
- 12 October, 2018
- Perspectives
The missing profits of nations
Between 1985 and 2018, the global average statutory corporate tax rate fell by more than half. This article uses new macroeconomic data to argue that profit-shifting is a key driver of this decline. C...
- Thomas Tørsløv Ludvig Wier Gabriel Zucman
- 10 October, 2018
- Articles
Global financial crisis and India: A look at the decade gone by
The crisis that emerged in the US subprime mortgage market this month 10 years ago, not only engulfed the country’s financial system but the entire global economy. In this post, Vikas Dimble and Nalin...
- Vikas Dimble Nalini Gulati
- 14 September, 2018
- Perspectives
GST Explainer: Introduction
Seventeen years after its framework was formed, India’s biggest tax reform – the goods and services tax – was rolled out on 1 July 2017. Some consider the ‘one nation, one tax’ system to be a game cha...
- Ashok Kotwal
- 30 June, 2018
- Explainers
GST: A ‘good and simple’ tax?
The Goods and Services Tax (GST) came into effect in India on 1 July 2017. Even as it is too early to judge the performance of GST relative to the system of indirect taxation it has replaced, Gaurav D...
- Gaurav Datt
- 18 June, 2018
- Perspectives
King Cash is back: Has informality increased?
Demonetisation and the introduction of goods and services tax were expected to accelerate the shift to formality in the economy. In this article, Renu Kohli contends that while currency in circulation...
- Renu Kohli
- 06 April, 2018
- Perspectives
Union Budget 2018: The reality behind the rhetoric
In this article, Sudipto Mundle contends that given Union Budget 2018-19 was the current government’s last full budget before the next general election, headline-grabbing proposals were particularly i...
- Sudipto Mundle
- 16 February, 2018
- Perspectives
Union Budget 2018: What will the pivot to agriculture cost?
The Union Budget 2018-19 focusses heavily on agriculture and rural development. In this article, Bharat Ramaswami analyses the key proposals pertaining to investment in agricultural markets and infras...
- Bharat Ramaswami
- 14 February, 2018
- Perspectives