Writing for Mint, Research Director and Senior Fellow Niranjan Rajadhyaksha discusses three key fiscal policy reforms for India.
"These three changes—a new fiscal law that provides flexibility, a fiscal council reporting to Parliament, and reducing the size of the captive market for government bonds—should be part of the fiscal reforms agenda of the second Narendra Modi government, which has to its credit run an overall tight fiscal ship. The FRBM review committee headed by N.K. Singh has already given several important suggestions on fiscal policy. The report needs a fresh airing."
Read the full article here.