Tag Search: “public finance”
International financial architecture and emerging economies
Policy responses to Covid-19 have been a mix of fiscal and monetary policy – with the latter doing the heavy-lifting in both developed and developing countries. Against this backdrop, in this edition ...
- Viral Acharya Amartya Lahiri
- 05 April, 2022
- Podcasts
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...
- 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...
- Amita Majumder Ranjan Ray Sattwik Santra
- 09 July, 2021
- 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...
- Harsh Vardhan
- 25 June, 2021
- 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...
- K. Srinivasa Rao
- 07 June, 2021
- 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...
- Ananth Narayan
- 22 February, 2021
- 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...
- Rishabh Choudhary Barry Eichengreen Poonam Gupta
- 17 February, 2021
- 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...
- Sarthak Agrawal
- 12 February, 2021
- 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. ...
- Gurbachan Singh
- 04 February, 2021
- 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...
- Nirvikar Singh
- 29 January, 2021
- 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...
- Pulapre Balakrishnan M. Parameswaran
- 20 January, 2021
- 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...
- Ashwini Kulkarni
- 26 November, 2020
- Notes from the Field