An autonomous research institute under the Ministry of Finance


Cess Collection and Spending: A Brief Review on the Basis of Union Budget 2018-19


In the Union budget 2018-19, the government has not made any change in income tax rate, but has made substantial changes in cess types and rates. During the financial year 2017-18, the Union Government abolished more than 20 types of cess and introduced GST compensation cess. In the current budget ...

Analysing the National Medical Commission Bill, 2017


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[Co-authored with Shefali Malhotra]


The Parliament referred the National Medical Commission Bill, 2017 (NMC Bill) to the Standing Committee on 2 January, 2018. This is the thirteenth legislative attempt (bills and amendments) to reform the Medical Council of India (MCI). Due to concerns about its functioning, the MCI ...

The National Health Protection Scheme in the Union Budget 2018: Is it in the Right Direction?


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The National Health Protection Scheme (NHPS), described by the Finance Minister (FM) as ‘the largest Government funded health care programme in the world’, was a centre piece of the 2018-19 Union Budget. This is, however, not a new announcement. The NHPS was announced by the FM in his budget speech ...

Perceptions of tax compliance in India


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[Co-authored with R. Kavita Rao]


Tax compliance, i.e. filing of return and the declaration of income for tax, is the outcome of complex interactions between the measures adopted by the income tax department and the inherent beliefs of the taxpayers. Focussing on the latter, in 2015, we conducted ...

Book Review: Fiscal Consolidation, Budget Deficits and the Macro Economy


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Dr. Lekha Chakraborty’s new book, Fiscal Consolidation, Budget Deficits and the Macro Economy, adds new insight to the venerable topic of how to conduct fiscal policy in the context of a developing economy. Her specific applications to India’s complex case is especially welcome, in the face of India’s rapidly changing ...