वित्त मंत्रालय के तहत एक स्वायत्त अनुसंधान संस्थान

 

GST: Too Late for the Battle on Federalism and Fiscal Autonomy

26/05/2017

GST should result in an abolition of fragmented tax regime, development of a common market, elimination of cascading of taxes and should help increase the growth of GDP by promoting trade, business and investment.

 
Introduction
 
We have reached the final stage of introduction of Goods and Services Tax ...

GST


Power Debt and Federalism: How to measure Fiscal prudence

23/05/2017

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In contemporary federalism, fiscal behaviour of States has not been predominantly determined by the patterns of intergovernmental fiscal transfers. The recent central government policies and reforms in India are also influencing debt-deficit dynamics at the subnational level. With the introduction of UDAY1, this dimension has reached an added significance ...


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 ...

A critique of RBI's proposal to regulate pre-paid payment instruments in India

03/05/2017

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[Co-authors: Gausia Shaikh and Bhargavi Zaveri]

 
Demonetisation has reportedly given a fillip to the use of digital pre-paid payment instruments (PPIs) in India. PPIs are stores of value which can be used for the purchase of goods and services. Some PPIs are akin to zero-interest deposits as they allow ...