An autonomous research institute under the Ministry of Finance

 

In the interest of Indian banks and borrowers

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12/10/2020

(Co-authored with Radhika Pandey)
 
India’s economy contracted by 23.9 per cent in the second quarter of 2020 as the COVID-19 pandemic severely hampered economic activity. To support growth, the Reserve Bank of India (RBI) has cut official interest rates by 115 basis points in 2020. A …

Gender Budgeting in Multi-level Governance

28/09/2020

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(Co-authored with Veena Nayyar and Komal Jain)
 
Gender budgeting is an approach that uses fiscal policy to promote gender equality by trying to translate gender commitments into fiscal commitments through processes, resources and institutional mechanisms. In a multi-level governance structure, the political economy of gender …

Time to end gender based discrimination in the Hindu Succession Act, even in the matters of devolution

22/09/2020

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In its recent judgment, the Supreme Court ruled that a daughter has the same rights as a son in an ancestral property under the Hindu Succession (Amendment) Act, 2005, regardless of when the father may have died. The principle law - the Hindu Succession Act, 1956 (HSA) - originally …

Subsidies, merit goods, and fiscal space - II

08/09/2020

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(Co-authored with Satadru Sikdar)
 
In Part I of this two-part series, the authors presented their estimates of total budget subsidies, and their merit and non-merit components. In this part, they discuss the relationship between subsidies and the delivery of specific public services, the comparative efficiency …

Tax system needs efficiency in case selection, consistency in assessment

08/09/2020

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If the commitment to a fair and impartial system and a time-bound resolution of matters is to be met, the new processes, with reviews and anonymity, must ensure efficiency in case selection and consistency in assessment.
 
An economic contraction this year will deal a severe blow …