Category Center for the Study for Finance and Economics

Tracking GST Evasion: Assessing India’s New Track and Trace Mechanism (2025)

Center for the Study for Finance and Economics

Tax evasion is a constant threat and has a deep impact on the revenue collection of the Indian government. Before the GST (Goods and Services Tax), the Indian tax system was complex, as there were multiple taxes on consumers. CGST (Central Goods and Services Tax) field officers have detected a substantial 7.08 lakh crore rupees worth of tax evasion in about 91,370 cases in the last five years, i.e., from FY 2020-21 to 2024-25 (N. J. Jain & Associates, 2025). A major chunk of this evasion is in the form of Input Tax Credit (ITC) fraud, over 44,938 cases, to the tune of ₹1.79 lakh crore (N. J. Jain & Associates, 2025). These figures continue to be a challenge for India’s tax administration and the government’s efforts to contain financial irregularities.

IMPRI Desk
September 1, 2026

RBI’s Gold Loan Directions (2025): Balancing Prudence and Rural Access

Policy Update, Center for the Study for Finance and Economics, Public Finances and Macroeconomics

The gold loan segment has historically been one of India's fastest-growing forms of secured retail credit, valued for its speed of disbursal, minimal documentation, and accessibility to borrowers who lack formal credit histories, particularly in rural and semi-urban India. Until 2025, however, gold loan regulation was fragmented, banks, cooperative banks, and non-banking financial companies (NBFCs) operated under separate, inconsistent guidelines, creating scope for regulatory arbitrage.

IMPRI Desk
August 31, 2026

BIS Gold Hallmarking (2021): Certifying Purity and Building Consumer Trust in India

Policy Update, Center for the Study for Finance and Economics, Public Finances and Macroeconomics, Public Policies, Programs and Schemes

Gold hallmarking in India began as a voluntary certification scheme run by the Bureau of Indian Standards (BIS) in April 2000, allowing jewellers to have their gold articles tested and marked for purity by BIS-recognised centres since it was started by BIS in April 2000 to provide third-party assurance to consumers on the purity of gold jewellery.

IMPRI Desk
August 31, 2026

Bihar Department Wise Schemes & Budget Update 2026

Policy Update, Center for the Study for Finance and Economics, Economy and Infrastructure, Public Finances and Macroeconomics

Bihar’s 2026 Budget reflects a development approach that combines long-standing welfare programmes with newer priorities such as employment, women’s economic participation, infrastructure, tourism and water management. The state has provided for total expenditure of ₹3,47,589.76 crore in 2026 , including scheme expenditure of ₹1,22,155.42 crore.

IMPRI Desk
August 29, 2026

Unlocking Credit Mobility: Analyzing RBI Directives on Pre-Payment Charges for MSE Loans

Policy Update, Center for the Study for Finance and Economics, Public Finances and Macroeconomics

Micro and Small Enterprises (MSEs) represent the engine of India’s credit growth, industrial expansion, and formal employment generation (Ministry of Micro, Small and Medium Enterprises [MSME], 2020; Reserve Bank of India, 2023). However, MSEs have operated under structural financial disadvantages, particularly regarding debt flexibility and capital mobility.

IMPRI Desk
August 29, 2026

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National Bank for Financing Infrastructure and Development (NaBFID) 2021:Can It Bridge India’s Financing Gap?

Policy Update, Center for the Study for Finance and Economics

India’s journey towards Viksit Bharat 2047 will be built as much on the quality of its infrastructure as on the size of its economy. Roads, railways, ports, energy systems, urban networks and digital infrastructure form the productive backbone through which investment translates into productivity and competitiveness. Yet this ambition faces a less visible constraint: the availability of finance that matches the scale, risk and time horizon of infrastructure projects. India’s infrastructure-financing landscape is gradually shifting from historical dependence on bank credit towards a more diversified ecosystem of non-bank finance and capital-market instruments.

IMPRI Desk
August 28, 2026

Rajasthan Department wise Schemes Update 2026

Policy Update, Center for the Study for Finance and Economics, Urbanization, Habitat, Transportation and Regional Development

Rajasthan, with geographical area of 3,42,239 sq km as largest state and 7.9 crore population as seventh most populous, is characterised by sixty percent Thar desert, scattered habitations, low population density in western districts of Barmer and Jaisalmer, tribal concentration in southern districts of Udaipur, Banswara, Dungarpur and Pratapgarh, and high incidence of drought and groundwater stress. These structural features make effective welfare delivery central to state development strategy.

IMPRI Desk
August 27, 2026