An autonomous research institute under the Ministry of Finance

 

Understanding the rash for cash: Evidence from weekly money supply data

10/12/2016

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Four weeks have passed since the announcement by Prime Minister Narendra Modi on the November 8, 2016 to demonetise currencies of denomination Rs 500 and Rs 1000. Till now, most of the ATMs across the country are in non-functioning mode. There are serpentine queues in front of banks and the ...

Demonetisation needs a parliamentary law to be fool-proof

06/12/2016

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On November 8, 2016, the Rs. 500 and 1000 notes were "demonetised". This move has raised three interesting legal questions. Writ petitions have been filed across the country challenging the legality of demonetisation. Petitions are pending before High Courts of Kerala, Bombay, Delhi, Hyderabad, Gujarat, Karnataka, Calcutta and Allahabad. Till ...

Gender Budgeting as a Mechanism Design

06/12/2016

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With the commitment of IMF in United Nations Secretary General’s High level Panel on Women’s Economic Empowerment, the issue of gender budgeting has reached the world stage as a human development-conscious economic growth agenda. 
 
The  commitment of  IMF in November 2016 to conduct gender budgeting in member countries ...

Goods and Services Tax: Fiscal Autonomy vs Tax Disharmony

02/12/2016

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Since the constitution of GST Council on 12th September, 2016, commendable progress has been made towards implementation of this major tax reform in the country. GST council has already arrived at a consensus on the most contentious issue in GST design, i.e., the rate structure. The mechanism of compensation ...

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Demonetisation under incomplete financial inclusion

30/11/2016

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Implications for demand growth & sectoral inflation

 

Following the announcement by Prime Minister Narendra Modi, Indian currencies with denomination 500 and 1000 have ceased to be the medium of exchange from the midnight of 8th November, 2016. This demonetisation move is implemented as a tool to measure the stock ...