An autonomous research institute under the Ministry of Finance

 

Book Review: Fiscal Consolidation, Budget Deficits and the Macro Economy

11/10/2017

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Dr. Lekha Chakraborty’s new book, Fiscal Consolidation, Budget Deficits and the Macro Economy, adds new insight to the venerable topic of how to conduct fiscal policy in the context of a developing economy. Her specific applications to India’s complex case is especially welcome, in the face of India’s rapidly changing ...

Fiscal Consolidation, Budget Deficits and the Macro Economy

04/10/2017

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For close to twenty five years now the fiscal deficit has had a central place in the economic policy of the central government in India. In particular, as Lekha Chakraborty in her book titled, Fiscal Consolidation, Budget Deficits and the Macro Economy puts it “fiscal consolidation has become the norm” ...

What’s a Shell Company?

06/09/2017

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Shell companies are known to be misused by individuals and companies for the purpose of avoiding taxes as well as to launder money. Investigations reveal that shell companies are amorphous entities. Learning from the experience during demonetisation, large number of shell companies allowed the laundering of cash by providing entries ...

Cost of compliance for clinical establishments

04/09/2017

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[Co-authored with Manya Nayar]

 

The Clinical Establishments (Registration and Regulation) Act, 2010 (Clinical Establishments Act) is facing resistance from the medical fraternity. The Indian Medical Association claims that the law will cause an increase in the cost of treatment and adversely affect small and medium size clinical establishments such ...


Environmental Federalism: A Roadmap for Climate Responsive Budgeting (CRB) in India

18/07/2017

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[Co-authored with Amandeep Kaur]

 

A climate responsive budgeting (CRB) for both adaptation and mitigation is a dynamic process in environmental federalism.* A promising framework for CRB has been evolving within the purview of the Public Financial Management (PFM) over the years across selected Asian and African countries including Morocco ...