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Direct tax revenue falls below indirect taxes for the second time in 13 years, hurting the poor

Next month we will celebrate 30 years of the launch of economic reforms. On June 21, 1991 Narasimha Rao was sworn in as India’s ninth Prime Minister, and his tenure would turn out to be historic in delivering economic reforms to modern India. A month later on July 24, 1991...

Dear Govt of India, Here’s Why a Cess Needs Impact Analysis Report

During the 2021-22 Union Budget speech, Union Finance Minister Nirmala Sitharaman announced yet another cess — an Agriculture Infrastructure and Development Cess of Rs 2.5/litre on petrol and Rs 4/litre on diesel. At first glance, this just means that your commute got dearer. But scratch beneath the surface and you’ll...

Comments to the Parliamentary Standing Committee on Science and Technology, Environment, Forests and Climate Change on Demand for Grants (DFGs) in the Union Budget for FY 2021-22

The Parliamentary Standing Committee on Science and Technology, Environment, Forests and Climate Change invited comments on the Demand for Grants in Budget 2021-22. The following document presents an analysis of the overall budgetary trends across the concerned ministries and departments from the Financial Year (FY) 2015-2016 till date. It also...

We should not forget the equity dimension of PSU privatization

Prime Minister Narendra Modi’s statement that “the government has no business to remain in business” is the clearest articulation of the reason why India must privatize the hundreds of public-sector enterprises that its Union and state governments run. In doing so, he departs from earlier prime ministers, who preferred incremental...

Making State Finance Commissions work

State Finance Commissions (SFC), constitutional bodies that recommend allocating resources between state and local governments, have had a chequered history in India. In yet another attempt to revive these institutions, the Fifteenth Union Finance Commission (15th UFC) recommended that the submission of SFC reports be a precondition for local governments...

Anticipating the Unintended #92: India’s Marathon

This newsletter is really a weekly public policy thought-letter. While excellent newsletters on specific themes within public policy already exist, this thought-letter is about frameworks, mental models, and key ideas that will hopefully help you think about any public policy problem in imaginative ways. It seeks to answer just one question: how...

Anticipating the Unintended #90: “Politics is the Art of the Possible”

This newsletter is really a weekly public policy thought-letter. While excellent newsletters on specific themes within public policy already exist, this thought-letter is about frameworks, mental models, and key ideas that will hopefully help you think about any public policy problem in imaginative ways. It seeks to answer just one question: how...

Anticipating the Unintended #88: Economics Matters, Capitalism Works

This newsletter is really a weekly public policy thought-letter. While excellent newsletters on specific themes within public policy already exist, this thought-letter is about frameworks, mental models, and key ideas that will hopefully help you think about any public policy problem in imaginative ways. It seeks to answer just one question: how...

India’s Marathon: Reshaping the Post-Pandemic World Order

India’s Marathon: Reshaping the Post-Pandemic World Order Edited by: Pranay Kotasthane, Anirudh Kanisetti, and Nitin Pai. Contributors: Akshay Alladi, Alok Prasanna Kumar, Ameya Ashok Naik, Anupam Manur, Aparna Pande, Anirudh Kanisetti, Avinash M. Tripathi, Constantino Xavier, Jakob Urda, James M. Dorsey, Kartik Shanker, Manoj Kewalramani, Meera Anna Oommen, Nitin Pai, Pranay...

Anticipating the Unintended #86: Production-Linked Subsidies & Decoding Charisma

This newsletter is really a weekly public policy thought-letter. While excellent newsletters on specific themes within public policy already exist, this thought-letter is about frameworks, mental models, and key ideas that will hopefully help you think about any public policy problem in imaginative ways. It seeks to answer just one question: how...
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