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 ...

[Co-authored with Yadawendra Singh]

Globally, a direct employment transfer - a job guarantee programme - is an “employer of last resort” fiscal policy, which envisions the government bearing a guarantee to provide paid work opportunities of predictable duration at a predetermined wage for public works. Though many such job guarantee initiatives ...

[Co-authored with Satadru Sikdar and Richa Jain]

Boosting infrastructure development is a thrust area in the agenda of the present Indian government. The total revenue and capital expenditure in the infrastructure sector as a share  of GDP shows a steady increase over the years.  The share increased from 0 ...