An autonomous research institute under the Ministry of Finance


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 ...

Tax on Agricultural Income: A Revisit via Tax Laws


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Taxation of agricultural income has been in the eye of storm recently. While adverse impact of such taxation on farmers has been a primary concern, the need for resource mobilisation brings the debate back to the limelight regularly. However, in my view, the debate is not supported by appropriate facts ...