An autonomous research institute under the Ministry of Finance

 

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 …

Nirmala Sitharaman’s Maiden Budget is an Exercise in Taming Policy Uncertainty

18/07/2019

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While pragmatic, its fiscal marksmanship is a pressing concern.

 

Policy uncertainty can cause a severe drag on economic growth. The maiden budget by finance minister Nirmala Sitharaman was a judicious narrative of how to lessen the policy uncertainties. She has not deviated from the …


The Economics of Government: Key Issues that Budget 2019 must tackle

05/07/2019

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The prime focus of Union budget 2019 would be the need to strengthen economic growth. A deviation from the path of fiscal consolidation may be essential to spur growth. A strict adherence of threshold fiscal deficit ratio of the GDP may not be feasible at this point as more …