An autonomous research institute under the Ministry of Finance


Sectoral Spending Effectiveness of Gender Budgeting on Gender Equality and Fiscal Space


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Gender budgeting is the process of applying a gender lens to public financial management, to analyse the gender components in public spending across all sectors - not only social sector budgets - and evaluate their outcomes. Gender neutral fiscal policy can turn gender-blind if there are no systemic corrections. 
While ...

Fiscal Consolidation, Budget Deficits and the Macro Economy


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I read Dr. Lekha S. Chakraborty's book titled "Fiscal Consolidation, Budget Deficits and the Macro Economy" with interest. It is a book of substance.  In less than 200 pages, the author has tried to pack consideration of many contentious issues relating to fiscal policy and its linkages with overall ...

Exploring Possible Reasons for GST Revenue Shortfall


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In the 25th meeting of GST Council, concerns are raised over shortfall in GST revenue collection. Mismatch of Rs. 34,000 Crore tax liabilities reported in GSTR-1 and GSTR-3B took the centre stage of discussion on GST during last week. The shortfall in GST revenue collection may be due ...


Financial Protection through the National Health Protection Scheme (NHPS): How Much Can it Cover?


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[Co-authored with Arpita Chakraborty and Jay Dev Dubey]

Following the Union Budget 2018, the NITI Aayog announced that the fiscal burden on the Government for the National Health Protection Scheme (NHPS) is likely to be around 10-12 thousand crores. This is based on the premise that the annual insurance ...

Cess Collection and Spending: A Brief Review on the Basis of Union Budget 2018-19


In the Union budget 2018-19, the government has not made any change in income tax rate, but has made substantial changes in cess types and rates. During the financial year 2017-18, the Union Government abolished more than 20 types of cess and introduced GST compensation cess. In the current budget ...