Category Public Finances and Macroeconomics

Fiscal Deficit as a Shape-Shifter in India

The fiscal deficit created now translates into a higher debt burden that future generations have to service. Is that fair? It is more than fair. In the misty mornings of peak winter, a flock of sharp-beaked, joyless birds takes flight in the capital – Fiscal Deficit Hawks, who swoop down on North Block, where harried finance ministry officials race against time to prepare the Union government’s annual budget, to screech sharp orders to slash the fiscal deficit.

RBI Affidavit Obfuscates rather than Clarifying

The government affidavit filed on November 16 justified demonetization by claiming that it was a part of a bigger policy push to digitize and formalize the economy – in its view a beneficial step. The affidavit, in paragraph 15 justifies the decision to demonetize the large denomination currency notes by stating that it was a “well-considered decision” taken after “extensive consultation with the Reserve Bank of India (‘RBI’) and advanced preparation”. The implication is that if the decision was wrong, it is the RBI’s (the expert’s) fault.

Impact of Worker’s Migration on Society and Economy

Given the high share of its young population, India has a huge potential that is being wasted due to the inability of its policymakers to set the right policies. Potentially, many workers in the population can support the non-workers—the young and the elderly—and the economy can grow faster.

Global Economic and Education Opportunities can Sustain India’s High Gross Inward Remittance

This column argues that for India to continue to sustain the position it has occupied for some years as the largest recipient of gross inward remittance flows, it would be necessary to aim Indian diplomacy toward expanding greater global economic and education space for Indians.

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Video: The Great March of Migrants During The National Lockdown: Lessons Not Learned and Missed Opportunities

The State of Population and Development – #PopulationAndDevelopment | Panel Discussion on The Great March of Migrants During The National Lockdown: Lessons Not Learned and Missed Opportunities  On the Occasion of International Migrants Day on 18 December #IMPRI Center for…

Disaster Resilient Housing and Built Environment-5

Day 3 Video: Disaster Resilient Housing and Built Environment: Imperatives for Better Policy, Planning and Sustainable Cities

#WebPolicyLearning | Disaster Resilient Housing and Built Environment | NIDM and IMPRI National Institute of Disaster Management (NIDM), Ministry of Home Affairs, and #IMPRI Center for Habitat, Urban and Regional Studies (CHURS), IMPRI Impact and Policy Research Institute, New Delhi invite you…

Detriments of the Old Pension Scheme

Whichever way one looks at it, the promise by select state governments and political parties to return to the Old Pension System for Government employees is a freebie of the kind that Prime Minister Narendra Modi referred to as Revadi. It is not affordable. It is not targeted at the deserving. It is not productive. It creates a terrible precedent. It ought to carry the following “health” warnings: disastrous for state finances, additional liabilities for future taxpayers and detrimental to the economic well-being of the majority.

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