This week, the finance minister presents a statement to Parliament of how much money the central government expects to raise in the next financial year, and how it will spend that money. The budget speech is also used by the government to propose other policy measures. In this primer the paces...

The most popular technique for estimating tax elasticities is the “Proportional Adjustment†method. This paper shows that the standard methodology used will almost invariably lead to biased elasticity estimates, and proposes an alternative methodology which avoids this problem. [WP]

The Finances of the PRIs are looked into. The role of 13th Finance Commission is explained. Some ‘learnings’ from International experience is given.

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...

The challenge to the tax system to expand both the revenue base and progressively bring into the net larger number of taxpayers remains as daunting as ever. The object is not to ignore the generally beneficial impact of deregulation and tax friendly measures in providing a more conducive...

Budget speech by finance minister of Karnataka

1) Allocating budget to the measure for the real revitalization of Japan to recover Japan’s economy and society 2) Reviewing the existing budget based on the result of evaluation by the Policy Proposing Type Screening 3) Reducing public sector’s waste thoroughly 4) Following the...

The approach of the PUCL to civil liberties issues underlines a crucial understanding: an understanding which has as its base the recognition of the fundamental truth that civil liberties is not a matter of theory alone, but can be meaningfully addressed only as a practical issue. Indeed the...

This paper based on Indian and international documents assesses existing definition, criteria and methodologies for estimating employment and income generated in the informal economy in India. [NCEUS WP NO 3].