Tag Search: “fiscal policy”

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...

  • Perspectives

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...

  • Perspectives

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 ...

  • Perspectives

Taxation's fatal neglect?

Today, the public discourse on government finances in India is largely focused on spending. This article emphasises the importance of taxes, particularly income tax, in ensuring citizen participation...

  • Perspectives

India's unique crisis - a short term fix

While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In thei...

  • Perspectives

What is mitigating a financial crisis in India?

The recent turmoil in the currency market and the general slowdown in growth in India are disturbing. However, India has by and large performed better in terms of macro-financial stability as compared...

  • Articles

Long term recovery of the Indian economy depends on reforms

The Indian economy has been facing challenges in the form of sluggish growth, high inflation, and rising fiscal and current account deficits. This column highlights trends in the economic conditions,...

  • Articles

Boosting shared prosperity in South Asia

Two-thirds of the poor in India and other South Asian countries live in the lagging regions. This column examines whether there are poverty traps that make it difficult to achieve shared prosperity, a...

  • Articles

Commodity Taxation in India

This project examine cross‐country comparisons on commodity taxation in Bihar for 1994‐2012. The findings of the project suggested that the VAT reforms went a long way to harmonizing rates...

  • IGC Research on India

A new voice

It is with some trepidation, but with huge excitement, that I present to you Ideas for India – a new voice in the cacophony of conversations on Indian growth and development. Hopefully, this will be a...

  • Perspectives

Understanding fiscal capacity in developing economies: Firms as third-party tax enforcers

The difference in tax revenues (as a percentage of GDP) between developed and developing countries has always been consistently large. An IMF report estimates it to be 10-15 percentage points.

  • IGC Research on India

Setting Tax Targets: An Experiment for Government of Bihar

The project was conducted on the request of Principal Secretary, Department of Commercial Taxes, Bihar. The main aim of the project was to understand what needs to be done to set district-wise commerc...

  • IGC Research on India