Publications : All
Topic
Interview | Dual Control of PSBs by Finance Ministry & RBI is Wrong:...
The veteran economist said that the ultimate responsibility of regulating a PSB, including removing the Chairman, if necessary, should rest with the RBI, as is the case with private banks.Act with Urgency to Reform the International Monetary System
An IMF restructured to function more equitably would reinforce its role in global monetary and financial governance.The Essential Reform of the International Monetary System
Anoop Singh elaborates the essential pillars of a radically renovated International Monetary Fund (IMF) to face the challenges of the future.The Essential Reform of the International Monetary System
Anoop Singh, Bernard Snoy and Michel Camdessus analyse the need to reform the international monetary system.Improving Data Quality a Prerequisite for Regulating States’...
If such data were to become available, markets could more effectively reward or punish governments at the Centre and states for their borrowing behaviours, write Kevin James and Shruti Gupta.Let us Deploy Fiscal Federalism Against Climate Change
By strengthening the role of fiscal federalism in addressing climate change, it would enable India a more effective utilisation of financial resources (includin funds raised by green bonds), enhance state capacities, promote policy coherence and drive sustainable development across the country.Environment Policy Needs Federalism to Play a Big Role
How well central and state-level administrations coordinate climate action will determine key outcomes, writes Anoop Singh.An Analysis of Off-Budget Borrowings by Indian Governments and their Legal...
Shruti Gupta and Kevin James examine the regulatory framework and institutional gaps surrounding off-budget borrowings in India.The Nature and Implications of Off-Budget Borrowings in India: Centre and...
Shruti Gupta and Kevin James examine the regulatory framework and institutional gaps surrounding off-budget borrowings in India. It attempts to build a comprehensive understanding on the methods used for such borrowings and ascertains their true extent.The Perils of Overestimating and Underestimating Capex Projections
States have been significantly overestimating CSS receipts. CSSs are typically co-financed by the Centre and the states, and the central grant under the CSS is only received when the states release their own contribution. Unsurprisingly, poorer states find it harder to reliably avail central CSS grants under this model.India’s Public Financial Management System: Need for Reforms and Way...
The paper looks at the key areas in which India needs Public Financial Management (PFM) reforms, building on the provisions of a draft PFM law prepared by an expert group and cited by the Fifteenth Finance Commission.Reforming the Public Financial Management System in India
Streamlining a scattered PFM framework in the country by drawing from other countries and proposing reforms in the existing system.A Study of the Fiscal Marksmanship of Capital Expenditure Among Indian...
This paper aims to comprehensively analyse and understand sub-national fiscal marksmanship, with a particular focus on capital expenditure in the social sector.With its GST ruling, the Supreme Court has Articulated an Alternative to...
The verdict recognises the legitimacy of state-Centre contestations, setting a precedent for state autonomy and Indian federalism, says Kevin James.India’s Human Capital: The Regulatory Context for Leveraging Federalism
Anoop Singh and Kevin James and others discuss ways to improve India's human capital indicators.India’s fiscal architecture: Lessons from the world and a way forward
This discussion note argues that India needs to benchmark its fiscal architecture to 21st century international standards.A decentralised approach and strong local governments can enhance...
Leveraging the true potential of our multi-level federal system represents the best way forward towards developing human capital.