The writer is adviser, Centre for Public Policy, IIM, Bangalore.
M Govinda Rao writes: He devoted much of his professional life on fiscal policy issues in developing countries in Asia, Africa and Latin America
So far deliberations in the council have been carried out in the spirit of camaraderie. But pressuring states on the basis of political strength will have adverse consequences for the country’s federal structure.
There was hope that the Budget will increase allocations in infrastructure, which in turn will trigger investment demand. But the numbers are not promising
The constitutional assignments between the central and subnational governments in federations are done broadly on the basis of their respective comparative advantage.
Almost 50 years ago, Stanley Surrey, an eminent tax expert, cautioned that in developing countries too much preoccupation with what to do (t...
In the search for ways and means to arrest the declining revenue-GDP ratio at the Central level, extending the consumption tax to the servic...