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[Co-authored with Satadru Sikdar and Richa Jain]
Boosting infrastructure development is a thrust area in the agenda of the present Indian government. The total revenue and capital expenditure in the infrastructure sector as a share of GDP shows a steady increase over the years. The share …
[Co-authored with Mayank Mishra and Smriti Parsheera]
The context
With the passage of the Constitution 122nd Amendment Bill in the Rajya Sabha in August 2016 and the setting up of GST council, many hoped that the design and structure of Indian GST will be taking shape soon. However, instead, the basic structure of GST has weakened with the …
[Co-authored with Pratik Datta]
The key test of any default resolution process is: how much value is recovered by the lender? The most important factor that determines this amount is the time taken to complete the resolution. India has set up many recovery mechanisms that have …
Transparency and governance in central banks