Just as the intellectuals have proposed ‘radical’ reforms in the area of governance and decentralization, there is a set of ‘radical’ structural economic reforms that need to be involuntarily imposed…
Senate elections was the time when economic commentators were anticipating a change of tide in favour of PTI-led and ruling coalition, in terms of making legislations that are an imperative…
At the outset of this series, we had explained that economic reform essentially means bringing the values of economic variables to a well-established notion of ‘natural state’. Ideally, this natural…
As Chinese President Xi Jinping prepares for a second five-year term, foreign investors will be watching for any sign of his long-promised reforms to further open up the world's second-largest…
What would be the contours of a framework that would enable the establishment of a Treasury Single Account (TSA). To begin with, let us point out that those entities which…
We now turn to a key economic reform that has eluded policymakers for a long time. This is related to the establishment of a ‘Treasury Single Account (TSA)’ for managing…
Before we close the subject of fiscal federalism, we discuss the implications of the 7th NFC Award and the resulting state of fiscal affairs in the country. The Award, which…
We now turn to the main features of the 7th NFC Award. After agreeing to a set of issues that the NFC were to consider, working groups were constituted to…
The next NFC was constituted on July 24, 2009. It was in the backdrop of a major political transition. The decade-old military rule, directly and indirectly, had come to an…
The 1997 NFC Award was not too old before another military intervention led to the imposition of emergency in the country and disrupted the work of future NFCs. A new…
