Tag Search: “fiscal policy”

What should we do about the Indian economy? A wide-angled perspective - II

In the previous part of this series, Ashok Kotwal and Pronab Sen described the generic process of development in a dual economy. In this part, they present the strategies employed by successful Asian ...

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What should we do about the Indian economy? A wide-angled perspective - I

The Indian economy, one of the fastest growing economies in the world over the last three decades, today shows telltale signs of an economic slowdown. In this four-part series, Ashok Kotwal and Pronab...

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Foreign currency sovereign bonds: Think before you leap?

Government recently announced its decision to borrow in foreign currency from abroad to finance part of government’s fiscal deficit. In this post, Renu Kohli discusses some key fiscal preconditions re...

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Would RBI fund transfer weaken government's financial position?

The Reserve Bank of India (RBI) recently decided to transfer Rs. 1.76 trillion to the Government of India (GOI). If the RBI has inadequate capital, then it should not transfer funds to the GOI. But ev...

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Public debt through the ages

The history of sovereign debt evolved over time along with the purposes for which governments borrowed: first State-building, then public-good provision, and most recently social welfare and entitleme...

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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...

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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 ...

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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...

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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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