Public Finance

The Implications of the Government Budgets on Promoting Sports in India -1

July 26, 2021

Research on national and sub-national fiscal responses to sports promotion in schools through development of infrastructure is sparse. This paper examines whether the states’ and centre’s sports expenditures have led to improved sports infrastructure as playground facility at the school level in all the states combined. The empirical results suggest that the states should increase their efficiency in public sports spending, which is not only low but also characterised by arbitrariness especially when the implications of the central government’s budgets are seen to have remained insignificant in order to encourage the states to provide the playground facility in the schools.

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Economy: Fill up or tape up?

March 12, 2021

The current situation of the Indian economy and gigantic mismatch of fiscal decisions in contrast to the apex bank portrays a similar situation and are thus costing efficiency and seeping sluggishness.

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Understanding Cyclicality of Fiscal Policy, High Fiscal Deficit in Union Budget 2021-22: Implications on Inflation

February 7, 2021

In sum, revenue contraction, expenditure-side stimulus measures, and low denominator GDP – these three factors have collectively contributed to the high fiscal deficit in 2020-21 RE.

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Hits and Misses of Stimulus Package

May 15, 2020

At first sight, the package aims to tackle the issue from the top, giving out money to banks and enterprises but in India’s case, it won’t be enough as unlike any other major economy, we are facing a subsistence crisis in the case of low-skilled labourers.

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The conundrum of Income Taxation in India

February 13, 2020

. The government’s estimate of 10% nominal growth in GDP for next year with retail inflation currently at 7.35% is worrisome as it indicates a real growth rate of 2.5%, lagging at the tax buoyancy front. With this statistic and the option of new tax slabs, it is necessary to estimate and observe the interaction effect of these variables. Will the government be able to meet its fiscal deficit target with a negative effect of tax buoyancy and elasticity?

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Nirmala Sitharaman Budget 2019

Amidst the Growth Slowdown- Why We Need to Talk About a ‘Credible’ Finance Ministry

December 23, 2019

While the finance ministry tries to address the slowdown by spending beyond what their pockets allow, it must not forget to ensure that the numbers are credible over the medium term. Moreover, it’s time we discuss about the credibility of finance ministry as much as we bat for a credible central bank.

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Fifteenth Finance Commission

Imperatives of Decentralised Planning at the grassroots

November 30, 2019

The steps taken by FC XIV towards strengthening the panchayat planning processes through fiscal decentralisation are significant. Now, when Finance Commission XV will be giving its recommendations, it is important for the government to consider the above challenges for effective utilization of these funds.

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reserve bank of india

Which Lever to Pull- Monetary or Fiscal?

November 3, 2019

The simplified bottom line is here. While slow growth with high inflation suggests supply side rigidities, slow growth with inflation below target suggests demand weakness.

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Nirmala Sitharaman Budget 2019

The Bahi-Khata 2019

July 14, 2019

The 5th of July witnessed a Budget from an eclectic perspective demographically. Unambiguously, the ‘bahi-khata’ did garner praise from all over the country but the gold that seemed to be hidden under the glitters didn’t quite appease.

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RBI logo

KYC: Know Your Central bank

February 14, 2019

Yet another resignation of the Central bank’s Governor, Urjit Patel, mentioning “personal reasons” especially during the time when the tussle between the Central Government and RBI is evident, has surely raised many eyebrows. Earlier, Former RBI Governor Raghuram Rajan had resigned on 4 September 2016 as the 23rd Governor of India’s Central bank without willing […]

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