An autonomous research institute under the Ministry of Finance

 

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 ...

GST


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 ...


The myth of black

28/11/2016

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Black economy draws the ire of common man and policy makers. In the 2014 elections, the proposal to tackle black money gained currency. More than two years passed and the common man was left wondering if any measure will really be taken in this direction. On 8th November, 2016, the ...

Methods for measurement of delays in the bankruptcy process

25/11/2016

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When dealing with distress, the single big idea for avoiding value destruction is speed of action. Delays destroy value. When we cope with failing firms (through a bankruptcy code) or failing banks (through a resolution corporation), the measure of institutional quality is the recovery rate, and the key determinant of ...


Runs on real estate companies?

25/11/2016

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A new threat

 
Many households in India like to invest in real estate, even though this has not worked out as a great asset class. The Indian real estate business has been facing considerable difficulties in the present business cycle downturn. The recent `de-monetisation' is expected to adversely affect ...