(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 …

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 …

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 …

(Co-authored with Satadru Sikdar)

 

Large fiscal deficits and even larger public-sector borrowing requirements are a regular feature of the fiscal landscape in India. In this context, this article argues that rationalisation of the prevailing large volume of non-merit subsidies should constitute a major component of deep …

There is a great deal of concern about the path of monetary policy, given that headline inflation has breached the required range, from 2 to 6 per cent CPI inflation, in 7 of the latest 8 months. The inflation data, however, reveals a surge in prices in April 2020, …