Session ReportMansi Garg Introduction The session titled “Key Concepts in Fiscal Diagnostics,” featuring Prof. Mukul Asher, a Visiting Distinguished Professor at IMPRI and a former Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore, provided…
In the global quest for excellence, India's strides in scientific and technological advancements have drawn international attention. As the nation strives to ascend to new heights, fostering scientific temper and knowledge acumen becomes paramount. A significant leap towards this goal lies in the rationalization of the Goods and Services Tax (GST) rate on education and training services, with a special focus on scientific and technological education. The current rate of 18% should be revisited and reduced to 5%, facilitating broader knowledge dissemination and innovation across the country.
The relevance of understanding the fiscal position of India and its states is always complex as well as interestingly pertinent. Here we will have a closer look at the concept of Off-budget borrowing and its correlated effects on the public finance. The policy insight here mainly discusses about the key idea of extra budget borrowings which is not really discussed across the economic literature though there is a rising relevance in the Indian public finance. We also discuss why government go for the off-budget borrowings from a fundamental axis by looking at some of the examples and case studies in Indian economy with a specific example of the state of Kerala. It also sheds some light on questions like why extra borrowing could be a problem and, if it becomes a threat, what is the generic way out?
The BJP uses official data to buttress its tall claims on growth, inflation and other issues. But even those in the government have expressed doubts over the data. One cannot deny that the ground reality is at variance from the rosy depiction by the government.
It was tempting for the MPC, at a time when change in the Consumer Price Index from its level a year ago is still above the median target of 4 per cent, to cry Inflation and let loose higher policy rates
The multidimensional poverty report released by the National Institution for Transforming India (NITI Aayog) suffers from gaps and opens the door for suspicion when we consider several data of the preceding years, including the pandemic years.
An online International Summer School Program on “Data, Monitoring and Evaluation” is a two-month immersive online hands-on certificate training course organised by IMPRI Impact and Policy Research Institute, New Delhi. The day 5 of the program on July 1st, started with a session on "Analysis of State Budget and Public Finance Data," Dr Radhika Pandey, Senior Fellow, National Institute of Public Finance and Policy (NIPFP), New Delhi. Dr. Pandey proved to be an excellent guide for participants seeking insights into state budget analysis.