Tag Search: “fiscal policy”
Do value-added taxes benefit firms? Evidence from the adoption of state-specific value-added taxes
Value-added tax (VAT) systems have grown popular in the last 30 years, especially among developing countries looking for ways to raise tax revenue efficiently. Using 2000-2012 data on product, state-s...
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David Agrawal
Laura Zimmermann
25 May, 2022
- Articles
An illusory Phillips curve: Is now the right time for a rate hike?
The Phillips curve represents an inverse relationship between inflation and unemployment. In this post, Parantap Basu argues that the ‘illusory’ Phillips curve in western industrial nations is driven ...
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Parantap Basu
19 May, 2022
- Perspectives
Budget 2022-23 and outlook for the Indian economy
Several commentators have lauded the recently presented Budget 2022-23 as a ‘growth budget’, on account of the large allocations made for capital expenditure on public infrastructure. On the other han...
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Ashok Kotwal
Pronab Sen
03 March, 2022
- Podcasts
Budget 2022-23 and outlook for the Indian economy
Several commentators have lauded the recently presented Budget 2022-23 as a ‘growth budget’, on account of the large allocations made for capital expenditure on public infrastructure. On the other han...
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Ashok Kotwal
Pronab Sen
03 March, 2022
- Videos
Budget and politics in pandemic times
Applying a political economy lens to the recently announced Budget 2022-23, Yamini Aiyar contends that the emphasis on capital expenditure over welfare in the two Budgets announced during the pandemic...
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Yamini Aiyar
16 February, 2022
- Perspectives
Budget 2022-23: Hits and misses
Outlining the hits and misses of the Budget 2022-23, Rajeswari Sengupta contends that the capital expenditure push by the government seems to be a step in the right direction, while the rationale behi...
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Rajeswari Sengupta
14 February, 2022
- Perspectives
Budget 2022-23: Capital gains tax, and asset-price stability
Although there is a need to ensure asset-price stability, the 2022-23 Budget has left the capital gains tax on equity investment unchanged. In this post, Gurbachan Singh examines the idea of a tax as ...
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Gurbachan Singh
04 February, 2022
- Perspectives
Assessing the credibility of sub-national budgets in India
The Covid-19 crisis has put immense pressure on the finances of Indian states. Fiscal consolidation in the post-pandemic period will depend on growth revival, increased fund flows, and efficient budge...
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Pratap Ranjan Jena
Abhishek Singh
10 November, 2021
- Perspectives
Inequality, labour market trends, and the welfare State
All around the world, rising levels of inequality – particularly in the last 3-4 decades – have been recognised as a major issue. In this context, David Green (University of British Columbia) and Pari...
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Parikshit Ghosh
David Green
14 October, 2021
- Videos
Goods and services tax: Estimating optimal rates
Introduced in India in 2017, a key feature of the goods and services tax (GST) system is that the tax rate for a particular commodity is uniform across the country. Based on a counterfactual framework...
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Amita Majumder
Ranjan Ray
Sattwik Santra
09 July, 2021
- Articles
The importance of a climate stimulus in India
The Covid-19 pandemic has plunged India into recession, and substantial stimulus from the government is required to jump-start the economy. In this post, Ingmar Schumacher contends that while systemic...
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Ingmar Schumacher
04 June, 2021
- Perspectives
Budget 2021-22: A political economy perspective
Examining the 2021-22 Union Budget with a political economy lens, Yamini Aiyar contends that the policy choices reflects Government of India’s propensity to centralise rather than to devolve, and a sh...
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Yamini Aiyar
15 February, 2021
- Perspectives