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Ideas of India: Libertarianism by Necessity
10/08/2020
Shruti Rajagopalan talks to Ajay Shah about when a market failure justifies state intervention
It is not too late, but it soon will be
10/08/2020
This is the last column I will be writing as director of the National Institute of Public Finance and Policy. I will focus on the gravity of India’s fiscal situation, which I have been pointing out since 2016. The fragility of central government finances is partly legacy, part refusal to ...
(Co-authored with Harsh Vardhan)
The banking sector is the most important financial intermediary in India’s debt market. Over the last few years the bond market has emerged as an alternative to the banking sector especially for the top rated firms. This trend has been pronounced ever since the banking ...
(Co-authored with Lekha Chakraborty)
Extraordinary times require extraordinary policy responses.
This blog explores the efficacy of ‘child budgeting’ in public financial management (PFM) to deal with the COVID-19 pandemic. We argue that this should be an essential component of government fiscal responses. Globally an estimated 6,000 child ...
Rethinking work, home and office
28/07/2020
When the pandemic subsides, some of the old ways will return, but a significant change in the organisation of work is likely to remain. Real estate faces important shifts. In this article, we speculate about how this might pan out. Interaction-intensive consumer-facing services will demand less real estate. The impact ...