An autonomous research institute under the Ministry of Finance

 

Holding their breath: Indian firms in an interruption of revenue

03/07/2020

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(Co-authored with Anjali Sharma)
 
India is in a state of lockdown with only essential goods and services getting exemption. This has given a teachable moment on the role of liquid cash in corporate financial policy.
 
Most firms will see a varying degree of a revenue shock. Expenses such ...

Isolation : A weak link in Indian public health

03/07/2020

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  1. There are four parts to the public health response to an epidemic: 1) Trace, 2) Test, 3) Isolate, and 3) Treat. Once someone is infected, tracing involves identifying, listing and following up with all the people who have come in contact with the infected person to ensure that they do ...

Applicability of the IBC to public sector enterprises: The case of Hindustan Antibiotics Ltd

03/07/2020

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(Co-authored with Sudipto Banerjee and Karthik Suresh)
 
Since the enactment of the Insolvency and Bankruptcy Code (IBC) in 2016, the National Companies Law Tribunal (NCLT) has been admitting insolvency cases against public sector enterprises (for example, the Tamil Nadu Generation and Distribution Co. Ltd., the Northern Power Distribution Co ...

The myth of India’s import dependence

03/07/2020

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In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism.
 
If bilateral tensions escalate, then ...

Covid-19 impact: Planting seeds of hope

01/07/2020

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(Co-authored with Lekha Chakraborty and Vidya B Ramji)  
 
Extraordinary times require extraordinary policy responses. Fiscal stimulus measures have been announced to mitigate the economic disruptions from Covid-19. However, these were neither targeted nor sector-specific. Though Kerala has received international acclaim for “flattening the curve”, the clarion call for ...