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More »Budget FY22: Getting health spending right
03/03/2021
Spending ‘health & wellbeing’ allocation dependent on third tier of govt; capacity of local bodies must be stepped up
The presentation of the Budget every year is followed by a series of critical reviews on changes in inter-sectoral allocations. Subsequently, not much attention is paid to how these allocations ...
What to make of Budget 2021-22?
03/02/2021
(Co-authored with Rudrani Bhattacharya)
Budget 2021-22 has now been tabled in parliament and there is no denying that it is an interesting attempt, combining a slew of institutional reforms in various sectors with a fiscally aggressive stance. Coming after a year of deep recession due to the pandemic, as ...
Extraordinary times require extraordinary policy responses. Against the backdrop of macroeconomic uncertainty in the time of the COVID-19 pandemic, finance minister Nirmala Sitharaman has presented a “significant” fiscal deficit number – which went upto 9.5% in FY21 – from a position of strength. Simultaneously, commencing a fiscal consolidation path ...
A Way Out For The Bank
27/01/2021
(Co-authored with D Priyadarshini)
Recent news reports suggest the upcoming budget may include proposals for a Bank Investment Company (BIC) anchoring the government’s shareholding in its banks. With a predominantly bank-led growth strategy, banks face the daunting task of managing the pandemic’s impact on their balance sheets while spearheading ...
Violence against women (VAW) is now acknowledged as a global problem with substantial macroeconomic costs. This is a “shadow pandemic”. Prior to the global contagion of Covid-19, the global cost of VAW had been estimated at approximately $1.5 trillion.
Growing VAW is one of the greatest human rights ...