ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Astha AgarwallaSubscribe to Astha Agarwalla

Bank Recapitalisation Bonds for Government-owned Banks

Weak balance sheets of public sector banks warrant infusion of equity capital by the government. Recapitalisation is liquidity neutral for the government when financed via an issue of government securities that a recapitalised bank is mandated to purchase. Bank balance sheets at the time of...

Sabka Vishwas Scheme

Sabka Vishwas Scheme is a dispute resolution-cum-amnesty scheme, with an objective of generating revenue in the short term, by inclusion into the tax net of delinquent taxpayers and those with pending disputes. Such measures renegotiate the contract between the state and its citizens, hurting equity in the tax system. Adherence to such measures reduces the taxable capacity of the state in the long run, by adversely affecting motivation towards compliance.
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