An autonomous research institute under the Ministry of Finance

 

Federalism

Power Debt and Federalism: How to measure Fiscal prudence

23/05/2017

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In contemporary federalism, fiscal behaviour of States has not been predominantly determined by the patterns of intergovernmental fiscal transfers. The recent central government policies and reforms in India are also influencing debt-deficit dynamics at the subnational level. With the introduction of UDAY1, this dimension has reached an added significance ...


Goods and Services Tax: Fiscal Autonomy vs Tax Disharmony

02/12/2016

Since the constitution of GST Council on 12th September, 2016, commendable progress has been made towards implementation of this major tax reform in the country. GST council has already arrived at a consensus on the most contentious issue in GST design, i.e., the rate structure. The mechanism of compensation ...

GST