IMPRI Desk

IMPRI Desk

  • Joined: August 6, 2023
  • Articles: 2132

Data and Public Policy: Municipal Finance Case Study

Dr Soumyadip Chattopadhyay commenced his session with the assertion that the future of development and governance public hinges on the effective utilization of data. India's policy-making institutions are embracing this shift, recognizing the exponential growth of data across various sectors and levels. It's essential to grasp that the formulation and execution of development strategies entail numerous decisions, both small and large, influenced by uncertainties and the ever-changing economic, institutional, and technological landscape.

Key Trends and Issues in India’s State Finances

Ms Pandey discussed the state deficits in an aggregated manner, focusing on the impact of the COVID-19 pandemic. During the pandemic, the overall state deficit soared to 4.1%, primarily due to a sharp decline in revenues and an increase in state expenditures. It's worth noting that the Fiscal Responsibility and Budget Management Act (FRBM) mandates that the fiscal deficit should be limited to 3% of GDP. However, in the fiscal year 2020-21, states were unable to meet this target and had a fiscal deficit of 4%. Even the central government's fiscal deficit rose to 9% during that period.

Resonating Insights: Mega Messages from Amrit Kaal’s Public Policy Discourse

A One-Month Immersive Online Intermediate Certificate Training Course and Online International Autumn School Program on, Contours of the Public Policy in India in the Amrit Kaal was conducted by the Center for the Study of Finance and Economics (CSFE), IMPRI, Impact and Policy Research Institute, New Delhi from September 1 to September 30, 2023.

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