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 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...

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

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...

Budget speech by finance minister of Karnataka

This policy outlines a very clear strategy of creating a large pool of land so that every family's right to land is fully honoured. The policy proceeds to suggest a just and equitable method of allotting land on a priority basis to the marginalized, especially marginalized women. Policy...

India is having large population, a fast growing economy with national focus on inclusive growth and an urgent need to develop a vibrant and stable financial system, it is all the more necessary to quickly formulate and implement a national strategy for financial education. [Speech during...

The Monsoon Session ended with the passage of Bills on food security, land acquisition, companies, and pension. During the session, significant time was lost due to frequent disruptions over issues such as statehood for Telangana, missing files related to the allocation of coal blocks, border...