Tag Search: “public finance”

I4I Conversations: 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...

  • 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...

  • Articles

A decade of credit collapse in India

The government and the Central Bank have undertaken various measures to protect the banking and finance sector from the adverse impact of the Covid-19 crisis. However, despite historically low interes...

  • Perspectives

Strengthening risk-management capabilities in the financial sector

Non-banking financial companies are rapidly inundating the financial intermediation space. While this trend has enabled greater autonomy in operations and business diversification, it has also accentu...

  • Perspectives

Budget 2021-22: Case for a ‘bad bank’

A key announcement in the 2021-22 Union Budget is the formation of a ‘bad bank’, to better manage the problem of non-performing assets in the financial services ecosystem. In this post, Ananth Naraya...

  • Perspectives

Inflation targeting in India: An interim assessment

Inflation targeting in India is a work-in-progress, with a five-year review due by March 2021. This article presents an interim assessment suggesting that significant progress has already been achieve...

  • Articles

Budget 2021-22: Does it address structural issues?

Highlighting some of the key features of the 2021-22 Union Budget, Sarthak Agarwal contends that although this Budget was presented in an exceptionally difficult period for the Indian economy, policym...

  • Perspectives

Budget 2021-22: Missed opportunity for increasing tax collection

Examining income tax announcements of Budget 2021-22 with a broader perspective, Gurbachan Singh highlights the need to increase tax collection in India in a gradual and careful but sustained manner. ...

  • Perspectives

The Indian economy and policymaking: Towards ‘openness’

Providing his perspective on the recent policy paper by Subramanian and Felman, Nirvikar Singh contends that more emphasis is needed on financial reforms and innovation, addressing India’s export slow...

  • Perspectives

Evaluating inflation targeting in India

In March 2021, India will complete five years since the adoption of the inflation targeting framework by the government and RBI. Analysing inflation data since 1996 using alternative models, this arti...

  • Articles

Crop insurance scheme 2.0: Implementation issues and weaknesses

Launched in 2016 and revamped earlier this year, the Pradhan Mantri Fasal Bima Yojana is Government of India’s flagship crop insurance scheme. However, it has been riddled with implementation challeng...

  • Notes from the Field

A ten-point programme for economic recovery

The Indian economy has been experiencing a slowdown in growth of GDP in general and investment in particular, with the Covid-19 crisis being the last (big) straw. In this post, Gurbachan Singh present...

  • Perspectives