-Business Standard/ NIPFP In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism. If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade. How would the Indian economy be hit...
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Urjit Patel is back -- as chief of key economic think tank
-The Indian Express Patel replaces former bureaucrat Vijay Kelkar, who chaired NIPFP for almost six years. He is scheduled to join June 22 and will have a four-year tenure, NIPFP said in a statement. Almost 18 months after his fractious and early exit as Reserve Bank of India Governor, Urjit Patel was Friday appointed chairman of the National Institute of Public Finance and Policy (NIPFP), India’s premier economic think tank. Patel replaces former...
More »How To Enable MSMEs To Recover From The Lockdown -Shreehari Paliath
-IndiaSpend.com Bengaluru: In the aftermath of the COVID-19 epidemic and two months of stringent lockdown, India now faces the crises of unemployment and business closure, particularly in the micro, small and medium enterprise (MSMEs) sector. A new report by the Council on Energy, Environment and Water (CEEW) and the National Institute of Public Finance and Policy (NIPFP) has proposed that MSME recovery can be speeded along by: * Identifying micro, small and...
More »Budget again reveals structural fiscal constraint -Rathin Roy
-Business Standard/ NIPFP Strap: It recognises that the medium-term fiscal arithmetic does not afford space for expansionary fiscal policy In my column on the FY20 Budget (A silent fiscal crisis, July 5, 2019), I had warned that the government faced a structural fiscal constraint that was concealed by using incorrectly optimistic numbers for revenue receipts. This year’s Budget is transparent. But the government continues to be heavily fiscally constrained due to inadequate...
More »States stare at over Rs.1 lakh crore revenue gap post withdrawal of GST compensation
-PTI At the time of implementation of the Goods and Services Tax on July 1, 2017, the Centre had promised to compensate states for loss of revenue for five years at an agreed formula States might be facing a consolidated revenue gap of up to Rs.1.23 lakh crore on account of withdrawal of compensation after the five-year GST transition period ends on June 30, 2022, says a report by economic think tank...
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