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This essay examines the trajectory of India?s fiscal policy with a focus on historical trends, fiscal discipline frameworks, fiscal responses to the global financial crisis and subsequent return to a fiscal consolidation path. [Ministry of Finance WP]....
Persistent link: https://www.econbiz.de/10009493974
This paper analyses the impact of domestic and external shocks on the Indian economy. A macro-modelling framework is developed that evaluates the impact of two domestic shocks (rainfall shortfall and fiscal profligacy) and three external shocks (oil price hike, world trade shock and capital flow...
Persistent link: https://www.econbiz.de/10009319321
The States, relative to the Centre, have taken the centre-stage in the reform process since the areas of highest national priority now fall essentially within the purview of the States. The unique and productive partnership between the RBI and the State Governments in securing the progress of...
Persistent link: https://www.econbiz.de/10005528348
expenditures and budget deficits—on long-run growth. It considers the relevance of recent advances in growth theory for low …
Persistent link: https://www.econbiz.de/10008690936
The FRBM Act was reflective of the shared commitment across political parties towards fiscal conservatism. A decade later, the picture, as reflected in the Union Budget, is yet to change for the better. And given the interests that the current Government represents, a real departure from the...
Persistent link: https://www.econbiz.de/10010945244
The study examines the impact of aggregate government expenditure and its two broader components such as revenue … expenditure and capital expenditure on the growth rate of output in the Indian context along with other key potential determinants … expenditure is considered to be an important fiscal policy instrument. [WP No. 403]. …
Persistent link: https://www.econbiz.de/10005699133
Budget speech presented by Prasanna Acharya. General Budget is presented.
Persistent link: https://www.econbiz.de/10010945504
Expenditure Management is critical to effective public service delivery, especially at the local government level …. Leveraging on information systems to aid in expenditure management is viewed as an effective method in bringing about … phenomenon of public expenditure management which has been implemented through an Integrated Financial Management Information …
Persistent link: https://www.econbiz.de/10009323685
The Indian tax reform experience can provide useful lessons for many countries due to the largeness of the country with multilevel fiscal framework, uniqueness of the reform experience and difficulties in calibrating reforms due to institutional constraints. This paper details the evolution of...
Persistent link: https://www.econbiz.de/10005528252
Budget speech by Minister of Finance. [Ministry of Finance]. URL:[http://www.finance.gov.pk/budget/budget_Speech_12_13.pdf].
Persistent link: https://www.econbiz.de/10010945336