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ID:
152458
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| Summary/Abstract |
This article focuses on whether the discontinuity in the structure of the Indian economy, which started with the economic reforms of 1991, triggered changes in federal fiscal arrangements. This examination is embedded in a larger overview of the basic fiscal structure, characterized by annual flows from the national government (the “Center”) to subnational states that have both statutory (guaranteed and formulaic) and non-statutory (discretionary) components. An unforeseen consequence of trade liberalization was the loss of trade tax revenue, which drove down tax collections at the Center both as a percent of GDP, and relative to states. Four major policy changes initiated after 1991 are attributable to post-reform concerns with efficiency in the fiscal structure. The final shift of indirect taxation to a fully value added configuration, with comprehensive coverage of goods and services, is scheduled for introduction by September 16, 2017.
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| 2 |
ID:
180900
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| Summary/Abstract |
This paper exploits the property of random selection of questions for answering in Parliament to analyze the party-wise share of questions submitted, normalized by seat share, at two major economic policy events during the term of the Sixteenth Lok Sabha (LS16) – demonetization on 8 November 2016, and the introduction of the Goods and Services Tax (GST) on 1 July 2017. Parties are grouped into three: the ruling party (BJP); allied parties in the ruling NDA coalition; and parties in opposition. The paper also charts the change over time in the types of questions asked, and mines the official responses for information not normally available through the usual channels.
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