M Govinda Rao

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Takshashila Working Paper: The Regressive Nature of Central Transfers for Health

By Pranay Kotasthane, Devika Kher, Pavan Srinath, and Aashish Chajjer Download the paper in PDF Financing public health in India is a vital challenge. As a response, the Union government transfers funds to the lower tiers of government, specifically meant...

The Financial Express: GST – A highly complicated structure, but the stage is set for implementation

What is being proposed is a highly complicated structure with four tax rates, in addition to exemption, a low rate on bullion and cesses on demerit goods.

Why lack of capacity of the state is not merely a matter of incompetence

Lack of capacity of the state is not merely a matter of incompetence. It has more to do with ‘special interest group’ politics

Macroeconomic Environment in India: The Role of Fiscal and Monetary Policies

By Dr. M Govinda Rao Download the essay in PDF [379 KB] India’s growth story remains highly attractive at a time of fragile global economic recovery, uneven growth and tremendous uncertainty around the global financial and commodity markets. However, taking...

A New Institutional Mechanism for Fiscal Management in India

By Dr. M Govinda Rao Download the essay in PDF [442 KB] Given the political inclination to indulge in fiscal profligacy, it is important to ensure calibration of rule based fiscal policy to provide space to conduct monetary policies. Although...

Dr Govinda Rao Delivers Lecture on Macroeconomic Environment

Dr. Govinda Rao, Advisor and Faculty at the Takshashila Institution, delivered a lecture on macroeconomic environment and the need for fiscal and monetary policies to improve this environment, at the Indian Institute of World Culture, Wadia Road on Sunday, 25 September...