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Tag Search: “fiscal policy”

The 2015-16 Union budget and India's growth

The 2015-16 Union budget – the first full-year budget of the new government – was presented last week. In this article, Nirvikar Singh, Professor of Economics at the University of California Santa Cr...

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Evaluating the risks of inflation targeting in India

The adoption of flexible inflation targeting by the Indian government and RBI is a landmark change in the country’s monetary policy. In this article, Renu Kohli - a macroeconomic policy specialist - ...

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Modi's economic reforms: Foundation laid but time running out

Anticipation is running high that the Modi government will announce sweeping economic reforms in their first full-year budget, especially since their tenure so far has been bereft of any dramatic cha...

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'Cry, the Beloved Country': Mending Punjab's economy

The growth rate of Punjab, which once ranked among India’s most affluent states, is slowing. In this article, Nirvikar Singh, who holds the Sarbjit Singh Aurora Chair of Sikh and Punjabi Studies at U...

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India's macroeconomic outlook

With falling inflation, high forex reserves and the new government embarking on a broad reform agenda, things seem to be looking up for India. In this article, Eswar Prasad shares his macroeconomic o...

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Estimating kerosene leakages from the Public Distribution System

Kerosene – the primary fuel used by the poor in India for cooking and lighting – is made available at subsidised rates by the government through the Public Distribution System. This column seeks to e...

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Economics of public pension: Analysing India's old-age pension scheme

India’s older population aged 60 or above, is the second largest in the world. This column analyses the effects of India’s National Old Age Pension Scheme on the wellbeing of the elderly. It recommen...

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Goods and Services Tax in India: Challenges and prospects

The Finance Ministry recently announced that the Goods and Services Tax will soon be a reality. In this article, M. Govinda Rao – member of the 14th Finance Commission – discusses the challenges and ...

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Modi's first Budget for India: Disappointing but retrievable

In this article, Arvind Subramanian contends that while Modi’s first Budget was good on vision, it fell short in terms of fiscal adjustment, budgetary transparency and credibility, and specificity an...

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Two views on the Budget

The Modi government’s first Budget has received a mixed response. Eswar Prasad and Bharat Ramaswami present two distinct views on the Budget. While Prasad is of the opinion that the Budget hits the r...

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The Goods and Services Tax: Light at the end of the tunnel?

As the Goods and Services Tax is inching towards implementation, a major overhaul of the Indian tax system has also been in progress. This article discusses three key strengths of the ongoing process...

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Why taxing property is essential for local government accountability

With rapid decentralisation and urbanisation, wealth is increasingly vested and locked up in land and property in India. In their previous article, Kapur and Subramanian emphasised the importance of ...

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