Issues before the Tamil Nadu Fifth State Finance Commission
- Dec, 2015
- Authors Pinaki Chakraborty and Manish Gupta
- Details Government of Tamil Nadu, Chennai.
Development of an Analytical Model for Widening of Taxpayers’ Base
Madhya Pradesh MDG Report: 2014-15
Macroeconomic Policy Simulations for the 14th Finance Commission
- Dec, 2014
- Authors N R Bhanumurthy, Sukanya Bose, Parma Devi Adhikari, and Abhishek Kumar
- Details Report submitted to the 14th Finance Commission of India.
This study attempts to construct a consistent macroeconomic framework for India to review the macro-fiscal linkages over the 14th Finance Commission period of 2015-19. The existing NIPFP model has been reworked to add a full-fledged real sector block comprising of agriculture, industry, services and infrastructure, with the overall economy comprising of real sector block, external block, monetary block, fiscal block and macroeconomic block. The estimated model was used for policy simulations for the 14th Finance Commission period. The various scenarios include (a) shock due to 7th Pay Commission award, (b) targeting deficit and debt (c) targeting higher growth and (d) the external shocks. The results suggest that while Pay Commission award would result in slightly higher growth compared to the base case, this also results in higher inflation, fiscal-revenue deficits, current account deficit as well as higher government liability. Further simulation results suggest that expenditure switching policy, which is the core of expansionary fiscal consolidation mechanism, by increasing higher government capital expenditure and reducing the government transfers could result in higher growth with a manageable fiscal deficit of 6 per cent that also brings down the government liability to its present level of 65 per cent.
The Review of Compliance to Odisha FRBM Act – 2012-13
Unspent Balances and Fund Flow Mechanism under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)
Intergovernmental Finance in Five Emerging Market Economies
- Aug, 2014
- Authors Tapas K. Sen, H K Amarnath, Bharatee Bhushan Dash, Manish Gupta, Sudhanshu Kumar
- Details Report Submitted to 14th Finance Commission of India.
In this study, the features of fiscal decentralization in five such nations – Brazil, China, Indonesia, Russia, and South Africa – are surveyed, with a view to summarize the essentials of the groups of characteristics that are common to all structures of fiscal federalism. These include assignment of functional responsibilities, fiscal imbalances, intergovernmental transfers to resolve the imbalances, and sub-national borrowing. In addition, these surveys also consider the role of sub-national governments in macroeconomic stabilization in the context of the recent past – during and after the global financial crisis.
Tax Policy and Enterprise Development in South Asia
- Jul, 2014
- Authors R. Kavita Rao, Amarjyoti Mahanta, Kausik K. Bhadra
- Details Country Study Report: India submitted to Governance Institutes Network International (GINI), Pakistan
This study examines the impact of tax on enterprise development on three specific themes: (a) Impact of Tax Exemptions and Concessions on Enterprise Development; (b) The Impact of the Value-Added-Tax (VAT) on Enterprise Development; and (c) The Impact of Property Tax on Enterprise Development.
This was an IDRC funded project covering five countries – India, Pakistan, Nepal, Bangladesh and Sri Lanka. It was coordinated by Governance Institutes Network International (GINI), Pakistan.
The targeted outcomes include five Country Study Reports as well as a regional report based on meta -analysis, which can be found on GINI website.