An autonomous research institute under the Ministry of Finance

 

Covid-19: Assessing fiscal position of government in first quarter of 2020-21

08/09/2020

(Co-authored with Medha Raju) 
 
In this post, the authors analyse the trends in the revenue, expenditure, and borrowings of the central government in the first quarter of 2020-21, based on the data released by the Controller General of Accounts. They argue that the contraction in revenues …

Subsidies, merit goods, and fiscal space - II

08/09/2020

(Co-authored with Satadru Sikdar)
 
In Part I of this two-part series, the authors presented their estimates of total budget subsidies, and their merit and non-merit components. In this part, they discuss the relationship between subsidies and the delivery of specific public services, the comparative efficiency …

A missed opportunity

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08/09/2020

(Co-authored with Rishab Bailey)
 
The Gopalakrishnan Committee Report does not adequately address governance frameworks around government data sets
 
The Committee of Experts on the Non-Personal Data Governance Framework has recommended in their report, among other things, making privately held non-personal data “open”. The …

An Augmented Flexible Inflation Targeting Framework for India with an Unconventional Fiscal-Monetary Coordination Strategy

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07/09/2020

1. The Context
 
The inflation targeting framework adopted in India in 2016 is coming up for review in 2021. Critiques of this framework have argued that there are a number of reasons why some aspects of this framework needs to be changed. These include …

Subsidies, merit goods, and fiscal space: An aspect of public expenditure in India - I

04/09/2020

(Co-authored with Satadru Sikdar)
 
Large fiscal deficits and even larger public-sector borrowing requirements are a regular feature of the fiscal landscape in India. In this context, this article argues that rationalisation of the prevailing large volume of non-merit subsidies should constitute a major component of deep …