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1. Jal Jeevan Mission

Author:
Avani Kapur and Vastav Irava
Publication Date:
02-2020
Content Type:
Policy Brief
Institution:
Centre for Policy Research, India
Abstract:
In Financial Year (FY) 2019-20, the National Rural Drinking Water Mission (NRDWM) was restructured and subsumed into Jal Jeevan Mission (JJM). It is Government of India’s (GoI’s) flagship rural drinking water programme to provide functional tap connections to every household for drinking, cooking, and other domestic needs on a sustainable basis. Using government data, this brief reports on: Overall GoI allocations; Trends in releases and expenditures; Component-wise trends; and Progress on coverage.
Topic:
Development, Government, Water, Infrastructure, Budget, Finance, and Rural
Political Geography:
South Asia and India

2. Study of State Finances 2020-21 (Provisional)

Author:
Avani Kapur, Sharad Pandey, U Ranjan, and Vastav Irava
Publication Date:
05-2020
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
The ‘Study of State Finances 2020-21’ Working Paper delves into the revenue and expenditure performance of 17 States. As the COVID-19 pandemic tightens its grip, this timely analysis offers a unique window into the fiscal space available with States prior to the lockdown. This information is critical at a time when they are expected to craft adequate social protection responses and restart their economies.
Topic:
Economics, Governance, Finance, and COVID-19
Political Geography:
South Asia and India

3. State Education Finances: A Deep-Dive into School Education Finances in Eight States

Author:
Mridusmita Bordoloi, Sharad Pandey, and Ruchi Junnarkar
Publication Date:
11-2020
Content Type:
Case Study
Institution:
Centre for Policy Research, India
Abstract:
This study is an attempt to provide an in-depth understanding of school education financing in India through an analysis of expenditures incurred across eight states from FY 2014-15 to FY 2017-18.
Topic:
Education, Governance, Finance, and Public Policy
Political Geography:
South Asia and India

4. Financing Nutrition in India: Cost Implications of the Nutrition Policy Landscape 2019-20

Author:
Avani Kapur, Ritwik Shukla, Manan Thakkar, and Purnima Menon
Publication Date:
07-2020
Content Type:
Case Study
Institution:
Centre for Policy Research, India
Abstract:
India should have spent at least ₹38,571 crore in 2019-20, across Union government ministries and State government departments to fully finance a set of core direct nutrition interventions (DNIs), at scale. In this study, you will find information on nutrition costing. It carries forward critical studies that costed for nutrition interventions.
Topic:
Government, Food, and Finance
Political Geography:
South Asia and India

5. Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)

Author:
Avani Kapur and Meghna Paul
Publication Date:
07-2019
Content Type:
Policy Brief
Institution:
Centre for Policy Research, India
Abstract:
Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is a flagship scheme of the Government of India (GoI) which aims to provide at least 100 days of guaranteed wage employment in a financial year (FY) to every rural household that demands work. Using government reported data, this brief reports on: Trends in allocations and expenditures; Trends in employment provided and wages paid, and Physical assets created and status of work completion.
Topic:
Government, Budget, Employment, Finance, Rural, and Unemployment
Political Geography:
South Asia, India, and Asia

6. Swachh Bharat Mission (Urban): Need vs Planning

Author:
Sama Khan
Publication Date:
06-2018
Content Type:
Policy Brief
Institution:
Centre for Policy Research, India
Abstract:
This paper analyses the effectiveness of the Swachh Bharat Mission (Urban) by analyzing the financial and physical progress of the mission and the manner in which funds have been allocated and sanctioned to different activities in various states. It examines the planned allocation of central funds (i) between the SBM (Urban) and the rural component, SBM (Gramin) (ii) among the various components of SBM-U, i.e., Construction of Individual Household Latrines and Community Toilets (IHHLs and CTs), Solid Waste Management (SWM), Information, Education and Communication (IEC) and Capacity Building (CB) and (iii) across different states and UTs. It finds that the disparity in funding between the SBM-U and SBM-G does not reflect the risk-adjusted need of urban areas, given their complexities of urban congestion and poverty that lead to higher health and environmental risk. The allocation of funds between the various components of SBM-U undervalues the need for proper solid waste management, IEC and Capacity Building and appears to ignore their effect on sanitation practices, the importance of building capacity to properly manage waste from the increasing number of toilets constructed and more organized solid waste disposal. Finally, the pattern of the allocation of funds between states does not benefit states that need it the most, in terms of states that have a lower share of in-house toilets, because the funds were allocated on the basis of the share of urban population and statutory towns. The paper concludes with recommendations to rectify some of these shortcomings.
Topic:
Environment, Poverty, Finance, Economy, and Urban
Political Geography:
South Asia, India, and Asia

7. Comments on Draft National Energy Policy

Author:
Navroz K. Dubash, Partha Mukhopadhyay, Radhika Khosla, Shibani Ghosh, Ankit Bhardwaj, and Swetha Sridhar
Publication Date:
07-2017
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
The Draft National Energy Policy released by the Niti Aayog in June 2017 was a roadmap describing the priorities of the government with regards to India's energy future and a critical reference document for all actors working in this field. This working paper reflects the result of internal deliberations, aimed at understanding and reflecting on the draft NEP, with the aim of constructive feedback to NITI Aayog.
Topic:
Energy Policy, Environment, Government, Finance, and Legislation
Political Geography:
South Asia, India, and Asia

8. Indradhanush-Banking Sector Reforms

Author:
Rajiv Kumar, Geetima Das Krishna, and Ankit Bhardwaj
Publication Date:
01-2016
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
The Indradhanush framework with its seven pronged plan was unveiled by Finance Minister Mr Arun Jaitley on 14th August 2015 for revamping Public Sector Banks (PSBs) of India. In this paper, we look at the deteriorating profitability, asset quality, capital position of PSBs along with previous bank recapitalisation expenditure of the government. The seven reform initiatives in Indradhanush are compared with Nayak Committee recommendations. We summarise that Indradhanush does not propose any ground-breaking reforms for the PSBs. Re-capitalisation or infusion of capital into PSBs is its central theme. This opens up a debate on whether the capital infusion is adequate for all banks. Given various constraints for the government, we feel Indradhanush is definitely the step in the right direction. It does incorporate some of the initiatives mentioned in Nayak Committee report but does not fully embrace the essence of the bold Nayak recommendations. PSBs accounting for 70 percent of the banking system and saddled with high NPAs will be an impediment to growth unless the government acts fast to revamp this sector.
Topic:
Government, Reform, Finance, and Banks
Political Geography:
South Asia, India, and Asia

9. Channelling household savings to productive uses through the capital markets

Author:
Geetima Das Krishna, Vardhana Pawaskar, and Ankit Bhardwaj
Publication Date:
11-2015
Content Type:
Working Paper
Institution:
Centre for Policy Research, India
Abstract:
Savings provides the means for investments. Typically, investments are primarily funded through domestic savings and the rest through foreign capital inflows. Domestic savings are from three sources -- households, private and public sector. Household savings form the largest part of total savings. As domestic savings contributes the most to capital formation, it can also be a limiting factor to investments. The paper deals with changing pattern of Household savings, its shift away from capital (financial) markets towards unproductive assets like gold and possibilities of channelization household savings to investment rather than speculative assets. The paper looks at the current policy incentives in terms of tax to boost capital market investment and whether it has served the purpose of long term capital formation. The current savings environment indicates a high proportion being in physical rather than financial assets. Within financial assets derivatives are preferred over the cash equity. We propose that an investment of incentive structure should support a pyramid where the small investors would hold maximum in the less risky assets and reduce the holdings as they move towards risky assets. Our paper is organized as, section (2) studies trends in current macro-economic scenario in terms of the savings; section (3), deals with, the capital formation and share of capital markets in terms of raising new capital. In section (4), we look at the current investment pattern in Indian capital markets and the incentives provides to boost trading in the equity and derivative products. Section (5) we give our proposal on the layered approach to investment architecture. Finally, section (6) concludes the paper.
Topic:
Finance, Economy, Capital Flows, and Investment
Political Geography:
South Asia, India, and Asia