Tag Search: “public finance”
Would RBI fund transfer weaken government's financial position?
The Reserve Bank of India (RBI) recently decided to transfer Rs. 1.76 trillion to the Government of India (GOI). If the RBI has inadequate capital, then it should not transfer funds to the GOI. But ev...
- Gurbachan Singh
- 02 September, 2019
- Perspectives
Public debt through the ages
The history of sovereign debt evolved over time along with the purposes for which governments borrowed: first State-building, then public-good provision, and most recently social welfare and entitleme...
- Barry Eichengreen Asmaa El-Ganainy Rui Esteves Kris James Mitchener
- 30 August, 2019
- Articles
Challenges in decentralised implementation of centrally mandated anti-poverty programmes
Even when the central government is committed to a jobs guarantee, rationing of work opportunities can arise under decentralised implementation in poor places. This article examines India’s efforts to...
- Martin Ravallion
- 09 August, 2019
- Articles
Why external sovereign debt should be avoided
The Finance Minister of India, in her 2019 Budget speech, announced the government’s intent to finance a part of the fiscal deficit by issuing sovereign bonds in the international financial markets. T...
- Pronab Sen
- 29 July, 2019
- Perspectives
Government securities market: Price discovery and the cost of Indian government borrowing
The government securities (G-Secs) market has substantial effects on other markets as the producer of risk-free interest rate benchmarks. Over 2017-18, there was a sharp rise in the interest rates of ...
- Ashima Goyal
- 15 July, 2019
- Articles
What do poor people think about direct cash transfers?
Based on a survey conducted over November-December 2018 with 3,800 respondents in rural Bihar, Khemani, Habyarimana, and Nooruddin present descriptive evidence on what the poor citizens of India think...
- James Habyarimana Stuti Khemani Irfan Nooruddin
- 06 June, 2019
- Perspectives
NYAY e-symposium: Tool for addressing multidimensional poverty
Ashwini Kulkarni (Director, Pragati Abhiyan) puts forth the view that an unconditional income transfer programme like NYAY can help address multidimensional poverty and enable the most vulnerable amon...
- Ashwini Kulkarni
- 03 May, 2019
- Perspectives
NYAY e-Symposium: Prioritise expansion of National Social Assistance Programme
Dr Pronab Sen (Country Director, IGC India) argues that the first priority should be to expand existing social security, which covers the elderly, the handicapped, and widows – given the fact that muc...
- Pronab Sen
- 03 May, 2019
- Perspectives
NYAY e-Symposium: Crucial to look into taxes for financing
Prof. S. Subramanian (National Fellow, Indian Council of Social Science Research) emphasises the importance of dealing directly with the question of enhanced taxation and some estimate of the likely o...
- S. Subramanian
- 03 May, 2019
- Articles
NYAY e-Symposium: The potential macroeconomic impact of NYAY
Niranjan Rajadhyaksha (Research Director and Senior Fellow at IDFC Institute) contends that the estimated cost of NYAY is substantial and there is ample reason to worry about the fiscal burden of the ...
- Niranjan Rajadhyaksha
- 02 May, 2019
- Perspectives
NYAY e-Symposium: Getting targeting right
Karthik Muralidharan (Tata Chancellor's Professor of Economics, University of California, San Diego) recommends targeting the 20% of poorest blocks in the country under NYAY, and making the cash trans...
- Karthik Muralidharan
- 02 May, 2019
- Perspectives
NYAY e-Symposium: Not long-term solution to poverty but useful ‘first-aid’
Maitreesh Ghatak (Professor of Economics, London School of Economics) contends that a cash transfer, as envisaged by NYAY, will provide some relief and a safety net to the poor living on the margins o...
- Maitreesh Ghatak
- 02 May, 2019
- Perspectives