To what extent do frequent elections impact the implementation of projects and schemes? Can these be quantified to ascertain the likely “loss” for the country? The study aims to assess the impact of frequent elections on the implementation of ongoing schemes. The implementation of the MCC and its undeniable impact on policy actions and freeze on any type of new or fresh expenditures. Simultaneously, the induction of a very large number of government staff for election duty impacts both normal revenue collections and implementation of ongoing programmes and schemes. An impending electoral calendar may also tempt the ruling dispensation to announce programmes, schemes and subsidies and/or tax waivers or concessions designed to influence voters. These programmes could be part of the budgetary announcements or post-budget announcements in an election year. Resources for these could be found by implicit reduction in some other expenditure allocations. The impending electoral calendar may lead to an expenditure spree not matched by related outputs or outcomes to favour chosen areas and agents. 

The project intends to examine the term structure of interest rates in India against the backdrop of RBI new monetary policy stance. 

Ozone Cell, MoEF&CC, and NIPFP shall collaborate in the implementation of the activities related to development of a National Policy framework including strategy for the implementation of the Kigali Amendment in India. The objective of the assignment is to develop a policy framework and strategy for implementing HFC (hydrofluorocarbon) phase-down considering the compliance obligations under the Kigali Amendment to the Montreal Protocol and the principles enshrined in the Country Program of India for ODS (ozone-depleting substances) phase-out, without adversely affecting industrial and economic growth and protecting consumer and public interests. 

Approaching the question of increasing tax to GDP ratios from the taxpayer’s perceptions, the study aims to explore whether people’s perceptions in India about tax compliance by citizens is related to their perceptions about fairness and ease of compliance on the one hand and on the perceived benefits from government spending on the other. The study proposes to survey about 150-200 individuals of different backgrounds to explore whether there are differences in perceptions. This study can be considered a pilot which could be expanded to a larger scale survey, if the initial results are found interesting.

This paper can help in understanding how nominal interest rate and primary deficit played a role on affecting the debt position for United Kingdom.  Also, this paper discusses sovereign debt in the context of historical events in UK.  This country experience (from UK) can help inform India as it is headed towards a high sovereign debt regime.