Market Borrowings

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States’ Loss of Fiscal Autonomy in a Centralised Federal System

The states bear the larger responsibility in dealing with Covid-19 but they have few resources to do so. The ongoing process of centralisation has weakened the states. We need an institutional…

▶28-May-2020

M. Govinda Rao

Debt and Welfare In A World of Pandemics

Drastic times call for radical measures. Falling tax revenues call for an increase in borrowings by the central government to help states. A failure to do so now could have a negative impact on the…

▶12-May-2020

Rahul Menon

Market Borrowings

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States’ Loss of Fiscal Autonomy in a Centralised Federal System

Debt and Welfare In A World of Pandemics