Election year should be a time when we seriously reflect on the medium term structure of fiscal policy. But election year also involves an interim budget which, by definition, should not take up much analytical space. But unfortunately, it does, distracting attention from medium term fiscal issues. 

 

The announcements for women in a budget are just the tip of the iceberg. An intelligent woman can ask: how much of these announcements are backed by real budgetary allocations?

 

The announcements for women in a budget are just the tip of the iceberg. An …

The coordination of fiscal and monetary policy is a difficult challenge for all economies. Coordinating fiscal and monetary policy involves specifying an analytical framework that is shared by the institutions responsible for these policies, namely, the government and the central bank. Without such a framework there is dissonance about …

(Coauthored with Namita Jain)

 

Fewer women working is a big problem but if DeMo is cited as the reason for this, how do you explain an equally sharp fall in FLFPR over long periods in the past?

 

The media attention has been …

Twenty five years ago, I argued in my doctoral thesis that fiscal policy could be used to map changes in state objectives. In essence that is what I am doing in this column. I contend that the Indian State, at both the central and state levels, is transitioning from …