Tag Search: “fiscal policy”

NYAY e-Symposium: Four concerns around cash transfer policies

Bharat Ramswami (Professor of Economics, Ashoka University) discusses four sets of caveats in implementing NYAY as an add-on cash transfer. He contends that the emergence of cash transfers as a sustai...

  • Perspectives

NYAY e-Symposium: Doing justice to NYAY

Jean Drèze (Visiting Professor, Ranchi University) discusses the role of NYAY in the larger context of social security in India, and proposes some tentative principles for the scheme

  • Perspectives

NYAY e-Symposium: The case for a universal basic income supplement

Pranab Bardhan (Professor of Economics, University of California, Berkeley) argues in favour of an income supplement, albeit one that is universal.

  • Perspectives

India's farm crisis: Decades old and with deep roots

In this Perspectives piece, Prof. Himanshu argues that the crisis in Indian agriculture today is not a new one; it goes back many years. Therefore, the problems of farmers cannot be addressed by the b...

  • Perspectives

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...

  • 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 ...

  • Articles

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...

  • 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 ...

  • 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...

  • 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...

  • Perspectives

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...

  • 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...

  • Perspectives