An autonomous research institute under the Ministry of Finance

 

What’s happening to corporate investments in India?

18/12/2025

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(Co-authored with R. Kavita Rao)

Trends in corporate investment

Indian policy makers are focused on addressing slowdown in private investment. As increase in investment can spur long term growth. In terms of composition, share of private non-financial corporate investments in gross capital formation remained largely unchanged in the last decade, …


From Banks to AIFs and back: Analysing RBI’s regulatory responses to evergreening

24/06/2025

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(co-author : Abhijeet Singh, Lawyer and Research Fellow, NIPFP)


Alternative Investment Funds (AIFs) are pooling vehicles that provide an opportunity to invest in unlisted securities and to diversify portfolio. While these offer new avenues for investment, there are liquidity and volatility risks unique to the asset class. Although AIFs have …


Bilateral Investment Treaties and Tax Sovereignty

19/05/2025

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(co-authored with Chetan Rao)

Bilateral Investment Treaties (BITs) evolved as important legal instruments for capital-exporting countries to ensure legal stability for their investments. In a world where there was once a clear division between capital exporters and importers, the objectives of investment protection and promotion served both sides. Over time, …


The Digital Tax Challenge

28/04/2022

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Over the past four years 137 countries have engaged intensively with the OECD to find a solution to the tax challenges arising from digitalisation. Like any international agreement, finding a middle ground has been difficult and series of compromises were made. It was agreed intially the unique features of …

The Cyber Tax Conundrum

25/01/2021

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Taxation of digital companies has been a key concern for G20 countries. The agenda to reform international tax law so that digital companies are taxed where economic activities are carried out was formally framed within the OECD’s base erosion and profit shifting programme. Seven years since its inception, it …