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 …

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 …

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 …

Several commentators and economists have expressed concerns about the arithmetic underlying the government’s fiscal deficit calculations, spurred by a recent report by the Comptroller and auditor general (CAG). 

 

The report points out that 1) government has not reimbursed the Food Corporation of India and fertiliser companies …

The Niti Aayog has unveiled its 41 Chapter ‘Strategy for New India @ 75.” I am baffled as to why such a document is produced so late in the lifetime of this government. Still, the intention is welcome; since the abolition of the Planning Commission, there has been no …