Tag: Fiscal

Policy UpdateKhushiBackgroundThe 73rd Constitutional Amendment gave Panchayati Raj Institutions constitutional status and strengthened the framework for decentralised governance. However, effective local self-government also requires...

Policy UpdateNayanshi JainIntroduction The COVID-19 pandemic triggered an unprecedented economic shock, severely straining the fiscal capacity of Indian states. Nationwide lockdowns disrupted economic activity,...

Manorama BakshiArjun KumarFor decades, a central criticism of India’s healthcare system was that while a medical diagnosis itself did not necessarily push families into...

Mansi TirthaniBackgroundOver the past decade, India’s welfare mechanism at macro economic level, has transitioned from indirect, leaky based subsidies into a more direct and...

TIKENDER SINGH PANWARRevenues flow overwhelmingly to Central utilities. The resource is local. The land is local. The risks are local. The profits are not.FOR...

ARUN KUMAR True reforms would ensure a level playing field and boost public investments in education, healthcare and social securityBoth the Union Budget 2026...

Tikender Singh PanwarUrban India generates nearly two-thirds of the national GDP, yet its municipalities control less than one per cent of the country’s tax...

T K ArunThe budget identifies trade as an engine of growth. That engine is likely to stall, under the assault on global trade that...

TK ArunThere is a strong case for augmenting the recovery and reconstruction funds with extra-fiscal finance, funds mobilized through risk transfer mechanisms similar to...

Dr Krishna RajThe Economic Survey 2023-24, presented on Monday before the Union Budget 2024-25 presented on Tuesday, has a distinct outlook in terms of...