An autonomous research institute under the Ministry of Finance

 

Macroeconomics

Issues with the regulation of Information Utilities

13/07/2017

blog author image

[Co-authored with Prasanth Regy, Renuka Sane, Anjali Sharma, and Shivangi Tyagi]

 

The Insolvency and Bankruptcy Code, 2016 (IBC) provides for the speedy resolution of insolvency. The process described in IBC hinges on the assumption that information will be easily accessible to the parties involved. …


Replacing FIPB with Standard Operating Procedure not enough

13/07/2017

blog author image

[Co-authored with Radhika Pandey and Sumant Prashant]

 

Foreign investment into India has always been heavily regulated, requiring approvals from various government ministries. Post-liberalisation, a need was felt to create a single window for foreign investors applying for such approvals. As a result, the Foreign …


MGNREGA: Has Direct Fiscal Transfer provided more jobs to women?

03/07/2017

blog author image

[Co-authored with Yadawendra Singh]

 

Globally, a direct employment transfer - a job guarantee programme - is an “employer of last resort” fiscal policy, which envisions the government bearing a guarantee to provide paid work opportunities of predictable duration at a predetermined wage for public …


Understanding the recent Banking Regulation (Amendment) Ordinance, 2017

09/05/2017

blog author image

[Co-author: Rajeswari Sengupta]

 

On 4 May, the President promulgated the Banking Regulation (Amendment) Ordinance, 2017. This adds sections 35AA and 35AB to the Banking Regulation Act, 1949 ("BRA").

 
The first applications of this modified law are visible. Under these new …

A critique of RBI's proposal to regulate pre-paid payment instruments in India

03/05/2017

blog author image

[Co-authors: Gausia Shaikh and Bhargavi Zaveri]

 
Demonetisation has reportedly given a fillip to the use of digital pre-paid payment instruments (PPIs) in India. PPIs are stores of value which can be used for the purchase of goods and services. Some PPIs are akin to zero-interest …