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Tag Search: “public finance”

States’ loss of fiscal autonomy in a centralised federal system

The Indian states bear the larger responsibility in dealing with Covid-19, but they have few resources to do so. In this post, M. Govinda Rao argues that the ongoing process of centralisation has weak...

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The Covid-19 shock: Learnings from the past, addressing the present - V

In the previous two parts of the series, Dr Pronab Sen presented a pathway to recovery from the Covid-19 shock in three distinct phases – survival, revival, and recovery. In the final part of the seri...

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The Covid-19 shock: Learnings from the past, addressing the present - IV

In the previous part of the series, Dr Pronab Sen presented a pathway to recovery, focusing on the ‘survival’ phase, that is, the three-month period of lockdown. In this part he discusses the revival...

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The Covid-19 shock: Learnings from the past, addressing the present - III

In the previous part of the series, Dr Pronab Sen provided estimates of the economic damage on account of the ongoing crisis, and the expected trajectory of the economy over the next three years. In t...

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The Covid-19 shock: Learnings from the past, addressing the present - II

In the first part of the series, Dr Pronab Sen discussed the performance of the Indian economy during the last two major economic shocks – Global Financial crisis in 2008, and demonetisation-cum-GST i...

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The Covid-19 shock: Learnings from the past, addressing the present - I

The Covid-19 pandemic and the containment measures adopted to check the spread of the disease, have caused an unprecedented economic crisis in India as well as the rest of the world. Further, India is...

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Covid-19: Leading India effectively out of the lockdown

India is on the brink of coming out of its Covid-19 lockdown. In this post, Ghosh and Pal examine the challenges around the implementation of expert advice on effectively leading India out of the lock...

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Covid-19: Consequences for state finances

When Covid-19 pandemic started in India, given that health is a state subject, individual states reacted as best they could under state-level legislations. However, as more than 60% of all economic ac...

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15th Finance Commission: Covid-19 warrants rethink of local government allocations

The 15th Finance Commission has made significant departures from the previous Central Finance Commissions in its recommendations for urban local governments, in its interim report for 2020-21. In this...

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Financing of fiscal response to Covid-19: A red herring?

Governments around the world are frenetically announcing an expanding slew of rapid response measures to address the fallouts of Covid-19 pandemic. The fiscal price tag on these measures is massive an...

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Rural infrastructure development and economic activity

Estimating the effects of physical infrastructure investments on economic growth has remained challenging, especially in rural settings. This article studies the effects of a rural infrastructure gran...

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Infrastructure development: Current bottlenecks and way forward

Infrastructure development remains a key constraint in India’s economic development. Given the budgetary constraints of the government, private financing for infrastructure provisioning through public...

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