An autonomous research institute under the Ministry of Finance

 

Tax system needs efficiency in case selection, consistency in assessment

08/09/2020

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If the commitment to a fair and impartial system and a time-bound resolution of matters is to be met, the new processes, with reviews and anonymity, must ensure efficiency in case selection and consistency in assessment.
 
An economic contraction this year will deal a severe blow to tax collections ...

Subsidies, merit goods, and fiscal space - II

08/09/2020

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(Co-authored with Satadru Sikdar)
 
In Part I of this two-part series, the authors presented their estimates of total budget subsidies, and their merit and non-merit components. In this part, they discuss the relationship between subsidies and the delivery of specific public services, the comparative efficiency of subsidy use by ...

A missed opportunity

08/09/2020

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(Co-authored with Rishab Bailey)
 
The Gopalakrishnan Committee Report does not adequately address governance frameworks around government data sets
 
The Committee of Experts on the Non-Personal Data Governance Framework has recommended in their report, among other things, making privately held non-personal data “open”. The objective is to make such ...

An Augmented Flexible Inflation Targeting Framework for India with an Unconventional Fiscal-Monetary Coordination Strategy

07/09/2020

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1. The Context
 
The inflation targeting framework adopted in India in 2016 is coming up for review in 2021. Critiques of this framework have argued that there are a number of reasons why some aspects of this framework needs to be changed. These include the inappropriateness of the current ...

Subsidies, merit goods, and fiscal space: An aspect of public expenditure in India - I

04/09/2020

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(Co-authored with Satadru Sikdar)
 
Large fiscal deficits and even larger public-sector borrowing requirements are a regular feature of the fiscal landscape in India. In this context, this article argues that rationalisation of the prevailing large volume of non-merit subsidies should constitute a major component of deep fiscal reforms. Doing ...