An autonomous research institute under the Ministry of Finance


UDAY Power Debt in Retrospect and Prospects


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(Co-authored with Lekha Chakraborty)
The government of India launched the Ujjwal Discom Assurance Yojana (UDAY), in November, 2015, with an objective of “Power for All”. The states have, since then, been joining this scheme at varied times, and so far, 27 states and 5 Union Territories (UTs) s are ...

Why Economic Policymakers are silent on #MeToo ?


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When #metoo revelations hit the global conscience as a compelling case for strengthening Women’s Economic Empowerment (WEE), one crucial question that remains unanswered is what exactly the macroeconomic policy makers of our country think about it. 
Can macroeconomic policy makers be indifferent to such issues, dismissing it as ...

Economics Nobel and Climate Change in India


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(Co-authored with Lekha Chakraborty)
The Economics Nobel 2018, awarded to William Nordhaus of Yale University and Paul Romer of New York University, has put climate change on the centre stage of public discourse. The Sveriges Riksbank Prize in Economic Sciences was awarded on 8 October 2018, for his ground-breaking ...

Monsoon Intensity and Indian Rural Economy: Can States Initiate Climate Responsive Budgeting?


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(This blog post was originally prepared in “five minutes script template” for the External Services Division of All India Radio, Ministry of Information and Broadcasting, Government of India. Broadcast on October 8th, 2018, All Units.
In India, 70 per cent of annual rainfall is received in ...

Economic policy making: Moving on


Gita Gopinath, incoming economic counsellor to the International Monetary Fund (IMF), and Paul Krugman, recipient of the 2008 Economics Nobel prize, have separately made important contributions to thinking about economic policy that are highly relevant for India. They argue that* (1) cookie-cutter macroeconomics needs to be questioned in its foundations ...