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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 ...
Taxation of agricultural income has been in the eye of storm recently. While adverse impact of such taxation on farmers has been a primary concern, the need for resource mobilisation brings the debate back to the limelight regularly. However, in my view, the debate is not supported by appropriate facts ...
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” ...