{"id":1779,"date":"2017-08-26T10:41:48","date_gmt":"2017-08-26T10:41:48","guid":{"rendered":"http:\/\/researchblog.iimk.ac.in\/?p=1779"},"modified":"2017-08-26T10:41:48","modified_gmt":"2017-08-26T10:41:48","slug":"seminar-on-outreach-programme-on-state-finances-by-rbi-delegates","status":"publish","type":"post","link":"https:\/\/researchblog.iimk.ac.in\/?p=1779","title":{"rendered":"Seminar on Outreach Programme on State Finances  by RBI delegates"},"content":{"rendered":"<p><strong>By\u00a0<\/strong>Shri Indranil Bhattacharyya,Director in the Fiscal Analysis Division of the Department of Economic and Policy Research (DEPR) and team.\u00a0<div style=\"width: 584px;\" class=\"wp-video\"><!--[if lt IE 9]><script>document.createElement('video');<\/script><![endif]-->\n<video class=\"wp-video-shortcode\" id=\"video-1779-1\" width=\"584\" height=\"438\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/x-flv\" src=\"http:\/\/researchblog.iimk.ac.in\/wp-content\/uploads\/2017\/08\/1.flv?_=1\" \/><a href=\"http:\/\/researchblog.iimk.ac.in\/wp-content\/uploads\/2017\/08\/1.flv\">http:\/\/researchblog.iimk.ac.in\/wp-content\/uploads\/2017\/08\/1.flv<\/a><\/video><\/div> <div style=\"width: 584px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-1779-2\" width=\"584\" height=\"438\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/x-flv\" src=\"http:\/\/researchblog.iimk.ac.in\/wp-content\/uploads\/2017\/08\/2.flv?_=2\" \/><a href=\"http:\/\/researchblog.iimk.ac.in\/wp-content\/uploads\/2017\/08\/2.flv\">http:\/\/researchblog.iimk.ac.in\/wp-content\/uploads\/2017\/08\/2.flv<\/a><\/video><\/div><\/p>\n<p><strong>Abstract of the talk:<\/strong> The speaker and his team made \u00a0a presentation on the Reserve Bank of India (RBI)\u2019s report entitled \u201cState Finances: A Study of Budgets of 2016-17\u201d, an annual publication that provided information, analysis and an assessment of the finances of state governments. It is the primary source for disaggregated state-wise fiscal data and delineates the changing dynamics of fiscal federalism over the years. The theme of this year\u2019s report was the Goods and Services Tax (GST). Highlights of the report were: \u2022 Introduction of GST would have economy-wide ramifications in terms of growth, inflation, government finances and external competitiveness over the medium-term. \u2022 It is likely to champion a new course for cooperative federalism in India, focusing on collaboration between the Centre and states. \u2022 GST remains the best bet for state governments in returning to the path of fiscal consolidation without compression of productive expenditure. \u2022 GST implementation challenges should be addressed through a robust dispute resolution mechanism; with the goods and services tax network (GSTN) expected to provide the necessary information technology (IT) infrastructure to all stakeholders. \u2022 Greater devolution of resources through statutory transfers would provide states with the flexibility to prioritize their expenditure in sync with their development objectives. \u2022 From a medium term perspective, debt sustainability of states is likely to be the key factor in shaping the evolving contours of state finances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Shri Indranil Bhattacharyya,Director in the Fiscal Analysis Division of the Department of Economic and Policy Research (DEPR) and team.\u00a0 Abstract of the talk: The speaker and his team made \u00a0a presentation on the Reserve Bank of India (RBI)\u2019s report entitled \u201cState Finances: A Study of Budgets of 2016-17\u201d, an annual publication that provided information, analysis and an assessment of the &hellip;<span class=\"clear\"><\/span><span class=\"read-more\"><a href=\"https:\/\/researchblog.iimk.ac.in\/?p=1779\">Read more &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[110],"tags":[],"class_list":["post-1779","post","type-post","status-publish","format-standard","hentry","category-seminar-2"],"_links":{"self":[{"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=\/wp\/v2\/posts\/1779"}],"collection":[{"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1779"}],"version-history":[{"count":3,"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=\/wp\/v2\/posts\/1779\/revisions"}],"predecessor-version":[{"id":1784,"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=\/wp\/v2\/posts\/1779\/revisions\/1784"}],"wp:attachment":[{"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/researchblog.iimk.ac.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}