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Tag Search: “fiscal policy”

Union Budget 2018: Some hits, some misses

In this article, Bhaskar Dutta critically analyses the Union Budget for 2018-19 in terms of announcements for the rural and agricultural sector, healthcare, and manufacturing, and implications for fis...

  • Perspectives

Union Budget 2018: Not as expansionary as appears at first blush

In this article, Ila Patnaik assesses the implications of the recently announced Union Budget for inflationary expectations and monetary policy.

  • Perspectives

Union Budget 2018: What's in it for women?

In this article, Nalini Gulati analyses the Union Budget 2018-19 through a gender lens. She emphasises the need to firmly institutionalise Gender Responsive Budgeting within the government at the nat...

  • Perspectives

Recapitalisation of public sector banks, and financial repression

Government of India recently announced its decision to infuse Rs. 2.11 trillion of fresh capital into public sector banks, financed partly through recapitalisation bonds. In this article, Dr Gurbachan...

  • Perspectives

Production Responses and Tax Evasion with Limited State Capacity - Evidence from Major Reform in India

This project explores: what is the effect of switching from a retail sales tax to a VAT in a country with limited tax capacity and a large informal economy? The project explores this question through...

  • IGC Research on India

GST Explainer: Value Added Tax 2.0

Aprajit Mahajan (UC Berkeley) and Shekhar Mittal (UCLA) outline some features of the GST that attempt to address the challenges of implementing a VAT system in India

  • Perspectives

GST Explainer: A legal scholar’s view

Arvind Datar, Senior Advocate and reputable legal scholar responds to the questions on GST posed in the introduction of this explainer.

  • Perspectives

GST Explainer: A public finance expert’s view

Kavita Rao, Professor, National Institute of Public Finance and Policy, responds to the questions on GST posed in the introduction of this explainer.

  • Perspectives

Why are finances of Indian states deteriorating?

The combined stock of debt owed by Indian states is about 21% of GDP, and is proliferating. In this article, Ananya Kotia discusses why the stock of the states’ debt is unsustainable today despite th...

  • Perspectives

Caste and credit: Not such a woeful tale?

Caste is an enduring predictor of economic status in India and caste-based discrimination continues to pervade several spheres of life. What about rural lending? This column suggests that most caste-w...

  • Articles

Straw men in the debate on basic income versus targeting

A universal basic income as a poverty-reduction policy is often contrasted unfavourably with targeted transfers. In this article, Martin Ravallion argues that five of the common arguments employed ag...

  • Perspectives

Demonetisation, cattle slaughter ban, and India's cyclical agrarian crisis

In this article, Parag Waknis discusses why India’s rural economy is always on the precipice of crisis, and how the recent shocks of demonetisation and cattle slaughter ban exacerbated the crisis by d...

  • Perspectives