An autonomous research institute under the Ministry of Finance

 

Macroeconomics

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 ...


Replacing FIPB with Standard Operating Procedure not enough

13/07/2017

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[Co-authored with Radhika Pandey and Sumant Prashant]

 

Foreign investment into India has always been heavily regulated, requiring approvals from various government ministries. Post-liberalisation, a need was felt to create a single window for foreign investors applying for such approvals. As a result, the Foreign Investment Promotion Board (FIPB) was ...


Issues with the regulation of Information Utilities

13/07/2017

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[Co-authored with Prasanth Regy, Renuka Sane, Anjali Sharma, and Shivangi Tyagi]

 

The Insolvency and Bankruptcy Code, 2016 (IBC) provides for the speedy resolution of insolvency. The process described in IBC hinges on the assumption that information will be easily accessible to the parties involved. It is for this purpose ...


MGNREGA: Has Direct Fiscal Transfer provided more jobs to women?

03/07/2017

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[Co-authored with Yadawendra Singh]

 

Globally, a direct employment transfer - a job guarantee programme - is an “employer of last resort” fiscal policy, which envisions the government bearing a guarantee to provide paid work opportunities of predictable duration at a predetermined wage for public works. Though many such job guarantee initiatives ...


Understanding the recent Banking Regulation (Amendment) Ordinance, 2017

09/05/2017

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[Co-author: Rajeswari Sengupta]

 

On 4 May, the President promulgated the Banking Regulation (Amendment) Ordinance, 2017. This adds sections 35AA and 35AB to the Banking Regulation Act, 1949 ("BRA").

 
The first applications of this modified law are visible. Under these new provisions, the Government has issued an order ...