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Ashok Kotwal
On demonetisation
Posted on: 23 Dec 2016
On the evening of 8 November, the Prime Minister announced on national television that Rs. ... read on »
A symposium on Piketty: Introduction
Posted on: 15 Jun 2015
Thomas Piketty’s book on ´Capital in the Twenty First Century’ has made waves. The f ... read on »
Emerging challenges: Economic and social
Posted on: 06 Aug 2014
To mark the second anniversary of I4I in July 2014, we invited two eminent scholars – Abhi ... read on »

Latest

Demand for environmental quality information and household response to information: Evidence from Bihar
Prabhat Barnwal , Chander Kumar Singh , Alexander van Geen , Jan von der Goltz
Posted on: 20 Feb 2017
Topics:   Environment , Health

Groundwater contaminated with arsenic is a serious public health threat in rural India. This column presents results from a field experiment conducted in Bihar to assess the demand for fee-based testing of wells for arsenic, and to study the behavioural responses of households to well-specific arsenic information.
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Income inequality in a globalising world
Miguel Niño-Zarazúa , Laurence Roope , Finn Tarp
Posted on: 17 Feb 2017

Since the turn of the century, income inequality has risen to be among the most prominent policy issues of our time. This column looks at inequality trends in recent decades. While relative global inequality has fallen, insufficient economic convergence, together with substantial growth in per capita incomes, has resulted in increased absolute inequality since the mid-1970s. The inclusivity aspect of growth is now more imperative than ever.
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The tale and maths of universal basic income
Jean Drèze
Posted on: 15 Feb 2017

Commenting on the discussion on universal basic income in the recently released Economic Survey, Jean Drèze argues that UBI is an idea whose time will come, but that time is still quite distant as far as India is concerned.

Tweet using #basicincome

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Reviving the informal sector from the throes of demonetisation
Kaushik Bhattacharya , Siddhartha Mitra , Sarmistha Pal , Bibhas Saha
Posted on: 13 Feb 2017

While recent measures announced by the government indicate some awareness of the hardships inflicted on the informal sector by the note ban, more needs to be done. In this article, Bhattacharya, Mitra, Pal and Saha summarise the emerging evidence on the significant adverse impact of demonetisation on the informal sector, and suggest policy measures to ensure a steady recovery.
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Inequality in the typical country in the last 25 years
Jose Cuesta , Christoph Lakner , Mario Negre , Ani Silwal
Posted on: 10 Feb 2017
Tags:  

While inequality has received a great deal of attention in the public debate in recent times, the poor quality of data available on this issue is a constraint. Based on a recently-compiled database of the World Bank, this column presents the trend for within-country inequality for the average country.
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Deconstructing the global wave of right-wing populism
Pranab Bardhan
Posted on: 08 Feb 2017

At present, there seems to be palpable reaction against ideas of tolerance, minority rights, freedom of expression, and respect for individual autonomy and dignity, in many parts of the world. In this article, Pranab Bardhan contends that global traits of the populist right suggest how liberals can take it on.
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Union Budget 2017-18: No amends for the sins of demonetisation
Siddharth Varadarajan
Posted on: 06 Feb 2017

Commenting on India’s Union Budget 2017-18, Siddharth Varadarajan, a Founding Editor of The Wire, contends that dealing with the aftereffects of demonetisation requires a fiscal and monetary boost, but the government appears to be in no mood to deliver it. In his view, this is because the fiscal cushion that demonetisation was supposed to provide never materialised.
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Has regulatory intervention been effective in maintaining stability of Indian banks?
Mostak Ahamed , Sushanta Mallick
Posted on: 06 Feb 2017
Topics:   Finance

To address the challenges that Indian corporates faced in the early 2000s in meeting their debt-servicing obligations to banks/financial institutions, RBI introduced a corporate debt restructuring programme in 2002. This column finds that in the absence of a strong legal system, this out-of-court regulatory mechanism has indeed helped Indian banks remain stable, as there has been no bank failure in India unlike in other countries.
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India’s Union Budget 2017-18: Status quo for the social sector
Yamini Aiyar
Posted on: 03 Feb 2017

On 1 February, The Finance Minister of India presented the Union Budget 2017-18. In this article, Yamini Aiyar, Director of Accountability Initiative, contends that for social policy, the Budget suggests more continuity than radical change in India’s welfare architecture. However, it lacks a coherent vision for health and education.
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How agricultural debt waiver impacts beneficiary households
Mrinal Mishra
Posted on: 02 Feb 2017
Topics:   Finance , Agriculture

How a large-scale and unanticipated debt-relief programme impacts beneficiary households is a question that has not been clearly answered by the existing literature. This column analyses the impact of India’s Agricultural Debt Waiver and Debt Relief Scheme of 2008. It finds that beneficiary households increase precautionary savings by increasing investment in jewellery as they anticipate higher credit constraints in the post-waiver period. Consumption levels remain unaffected.
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