An autonomous research institute under the Ministry of Finance

 

India Deserves a More Comprehensive Budget Process

29/01/2020

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From fiscal goals and meaningful allocations to boosting growth and being accountable, Budget 2020 provides the opportunity for a new narrative.
 
Unlike earlier years, the ‘economics of the government’ is no longer exclusively revealed on Union budget day, where the finance minister would announce new economic …

State finances: Why is Kerala different?

23/12/2019

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Identifying innovative sources of financing the deficit is significant to maintain the high human development achievements of the state and also the growth-inducing capital infrastructure formation in Kerala.
 
Recent reports from RBI and Niti Aayog highlight the remarkable achievements of Kerala in education, health and nutrition; …

Violence against women: Beyond the rhetoric

23/12/2019

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Violence against women is as much an economic policy issue as a social one. Macroeconmic policy, governance must set the standards for women’s safety.
 
Beyond online activism on #RapeinIndia remarks, it is high time safety and security of women in India receives serious bi-partisan priority. It …

Fiscal Monetary Policy Co-ordination:It is worth a relook at what Subir Gokarn said in 2013 RBI report of currency and finance

15/10/2019

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Economists often trace back the institutional linkages between fiscal and monetary authorities to ‘Unpleasant Monetary Arithmetic’ (UMA) of Thomas J Sargent and Neil Wallace. This UMA regime deals with the question of who “dominates” and who gets the “first-mover advantage” in policy decisions to finance the fiscal deficits. The …

India needs a ‘care economy’ policy

21/08/2019

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The ‘care economy’ is statistically invisible. No effective macro policy coherence is there to ensure and support care economy in India. More often, women as primary caregivers leave the job market to perform the responsibilities, at the peak of their career. This, in turn, can affect economic growth of …