An autonomous research institute under the Ministry of Finance

 

Covid-19: Assessing fiscal position of government in first quarter of 2020-21

08/09/2020

(Co-authored with Medha Raju) 
 
In this post, the authors analyse the trends in the revenue, expenditure, and borrowings of the central government in the first quarter of 2020-21, based on the data released by the Controller General of Accounts. They argue that the contraction in revenues …

Subsidies, merit goods, and fiscal space - II

08/09/2020

(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 …

A missed opportunity

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08/09/2020

(Co-authored with Rishab Bailey)
 
The Gopalakrishnan Committee Report does not adequately address governance frameworks around government data sets
 
The Committee of Experts on the Non-Personal Data Governance Framework has recommended in their report, among other things, making privately held non-personal data “open”. The …

An Augmented Flexible Inflation Targeting Framework for India with an Unconventional Fiscal-Monetary Coordination Strategy

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07/09/2020

1. The Context
 
The inflation targeting framework adopted in India in 2016 is coming up for review in 2021. Critiques of this framework have argued that there are a number of reasons why some aspects of this framework needs to be changed. These include …