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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 »

Tag: public finance

Panel Discussion: Two years of Modi government
Pranab Bardhan , Parikshit Ghosh , Pratap Bhanu Mehta , Mihir Sharma
Posted on: 29 Aug 2016
Topics:   Political Economy


In  a panel discussion organised to mark the 4th anniversary of Ideas for India, I4I Editor Parikshit Ghosh (Delhi School of Economics) moderates a discussion on ‘Two years of Modi government’ among Pranab Bardhan (University of California, Berkeley), Mihir Sharma (Bloomberg View) and Pratap Bhanu Mehta (Centre for Policy Research), encompassing issues related to policy and governance; corruption; manufacturing; social sector; and social and cultural issues.
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Is India a tax haven for the rich?
Himanshu
Posted on: 10 Aug 2016

In April, the government released tax data, which provided a break-up of taxes by income categories for the year 2012-13. In this article, Himanshu, Associate Professor at Jawaharlal Nehru University, contends that by increasing tax exemptions and subsidies for the wealthy, and through various tax giveaways, the government has reduced its capacity to spend more on essential sectors such as health, nutrition and education.
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The first two years of Modi government
Pranab Bardhan
Posted on: 11 May 2016
Topics:   Political Economy


In this article, Pranab Bardhan, Professor of Graduate School at the Department of Economics, University of California, Berkeley, provides his perspective on the performance of the Modi government in its first two years in office.
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Recapitalising public sector banks by disinvesting in RBI: Right and wrong
Gurbachan Singh
Posted on: 09 May 2016

The Economic Survey 2015-16 put forth the argument that the Government of India could reduce its capital in the RBI from its current large level and use it to increase its capital in public sector banks, which face a capital shortage. RBI Governor Raghuram Rajan has stated that this argument is not valid. In this article, Prof. Gurbachan Singh contends that while the argument does not hold in general, it does so for all practical purposes under the present conditions.
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Charting a course for the Indian economy
Karthik Muralidharan , Arvind Subramanian
Posted on: 05 Aug 2015

Karthik Muralidharan (Associate Professor of Economics, University of California, San Diego) speaks with Arvind Subramanian (Chief Economic Adviser, Government of India) on a broad set of issues ranging from the uniqueness of the Indian development model, the political economy of reforms, reducing factor misallocation in the economy, enhancing State capacity, financing India´s infrastructure needs, to the implications of the Fourteenth Finance Commission, improving the design of social welfare programmes, and climate change.

This is the third in the series of I4I Conversations.

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14th Finance Commission: A trust-based approach towards local governments
Meera Mehta , Dinesh Mehta
Posted on: 27 Apr 2015

The 14th Finance Commission has been hailed as ‘path-breaking’ for recommending larger fund allocations to state governments and giving them more autonomy in spending these funds. In this article, Meera Mehta and Dinesh Mehta highlight that the Commission has also recognised the need to trust and respect local government bodies, and has allocated much larger funds to them. Will this approach work and will state governments cooperate?
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Getting centre-state relations right for health in India
Amanda Glassman , Anit Mukherjee
Posted on: 01 Apr 2015

The 14th Finance Commission has recommended devolving a greater share of revenues to states in order to give them more control over spending. In this article, Amanda Glassman and Anit Mukherjee examine the current centre-state relationships in the context of the health sector in India. They recommend that centre-to-state transfers should be performance-related, and should seek to, at least partly, level the playing field across states.
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The 2015-16 Union budget and India’s growth
Nirvikar Singh
Posted on: 04 Mar 2015

The 2015-16 Union budget – the first full-year budget of the new government – was presented last week. In this article, Nirvikar Singh, Professor of Economics at the University of California Santa Cruz, contends that the budget is a welcome return to transparency and sanity, and has a host of small changes that add up to a promising reform agenda.
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Three concerns about AAP’s promise
V. Ramani
Posted on: 18 Feb 2015
Topics:   Political Economy


The Aam Aadmi Party (AAP) has come to power in Delhi with a historic mandate. In this article, V Ramani, Partner at Access Advisory and former bureaucrat, flags three key concerns around their approach towards tackling corruption, public finance, and economic growth.
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Public spending on health coverage: Are we raising the right questions?
Samik Chowdhury , Indrani Gupta
Posted on: 13 Feb 2015
Topics:   Health


The National Health Assurance Mission – India’s first move towards Universal Health Coverage – is expected to be launched soon. In this context, this column analyses the extent, distribution and quality of current public spending on healthcare. It suggests that the planning for a national programme for health coverage should take into account issues of fragmentation, inequity and inefficiency in the public healthcare system.
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How much does India spend on elementary education?
Ambrish Dongre , Avani Kapur
Posted on: 02 Feb 2015
Topics:   Education


There has been a significant policy focus on expanding elementary education in India in recent years. Yet, estimates of public and private expenditure on elementary education are not available. This column seeks to fill this gap by estimating annual public expenditure per student in government schools, and annual private expenditure per student for those enrolled in private schools, for 16 selected states in India.
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Corruption and the Mahatma Gandhi National Rural Employment Guarantee Act
Sandip Sukhtankar
Posted on: 16 Jul 2012
Topics:   Corruption


Corruption continues to strangle India’s public finances. This column presents evidence of embezzlement in India’s flagship rural employment programme and suggests new ways policymakers can test what works in the struggle against corruption.
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