Publications : Opinion & Commentary
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.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.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.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.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.