Budget 2017 is expected to be a ‘big’ budget. With GST on the anvil and demonetisation already undertaken, the ground has been laid for the government to announce some big-bang measures for promoting investment and lifting the economy to a… Budget 2017 is expected to be a ‘big’ budget. With GST on the anvil and…
The ideal GST has just one rate. In the last Council meeting held, it was agreed to have four. This is a step in the right direction as the poor will get some relief. However, simplicity of the structure has been compromised by implementing cess for five year period to compensate the States. Maintaining a…
Battle lines have been drawn in Uttar Pradesh, as the regional heavyweights and national stalwarts face off against each other in February 2017. In May 2014, after the 16th Lok Sabha elections, a prominent national daily published an article titled, ‘Regional parties in Uttar Pradesh and Bihar have gone voiceless’. It seemed appropriate at the…
The Shekatkar committee report represents a starting point and makes a valuable suggestion – non-combat organisations must be reviewed and restructured. The recommendations of the Shekatkar committee, constituted in May by the defence ministry, were presented in a report to defence minister Manohar Parrikar on December 21, 2016. The report is said to be voluminous,…
In the wake of demonetization, a debate has emerged on independence of Reserve Bank of India (RBI). Several former Governors of RBI are calling for greater independence of RBI citing the case of demonetization as an example of erosion of RBI’s independence. We would suggest an opposite line. Demonetization shows why RBI cannot be fully…
It is unfortunate that the very custodian of demonetisation is unable to exonerate itself with reliable facts The sequence of events leading to the demonetisation move are becoming more convoluted as more information is revealed. At this point, it is starting to resemble a comedy of errors at best and an insidious plot at worst.…
PIF has organised a roundtable on ‘Post Demonetisation Budget: A PIF Round Table’ on 10th January 2017 in New Delhi. The opening remark at the session was made by Dr. Rajiv Kumar, Founder Director, Pahle India Foundation. The panellists included Shri Sanjaya Baru, Centre for Policy Research, Dr. Shubhashis Gangopadhyay, IDF and Dr. Surjit Bhalla,…
New Delhi : People standing in long queues to exchange their old Rs 500 and 1000 notes and withdraw cash from the ATM in New Delhi on Thursday. We will state our baseline assumption first the “implementation” of the demonetization exercise, though admittedly an historically unprecedented exercise in its scale and timelines, could still have…
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The third seminar of the monthly “BSE-PIF Financial Sector Policy Series” was held in Mumbai on the 26th of October 2016. The session was chaired by Ashish Chauhan – CEO, BSE and moderated by Dr. Rajiv Kumar – Founding Director, Pahle India Foundation. The seminar discussants were Mr. Sunil Sanghai (Managing Director and Head of…