6 July 2017: Elements of Effective Macroprudential Policy: Lessons from International Experience

Dong He
International Monetary Fund

Abstract:
Experience with macroprudential policy is growing. A large number of countries have put in place dedicated institutional arrangements. Progress is being made also with the design and implementation of macroprudential tools, and an increasing body of empirical research is available that evaluates the effectiveness of macroprudential policy. Responding to a G20 mandate, a recent joint IMF-FSB-BIS paper takes stock of the experiences gained so far regarding elements and practices that can be useful for effective macroprudential policy making. The seminar will introduce the paper, covering institutional arrangements, including mandates and governance, powers, and arrangements for domestic cooperation, and review operational considerations, such as the selection of policy tools and how they are employed. It will also touch upon issues related to international consistency of macroprudential policy.

Date: July 6, 2017
Time: 04:30 P.M.

Venue:
Conference Hall, Ground Floor
R&T Building
National Institute of Public Finance and Policy,
18/2 Satsang Vihar Marg, Special Institutional Area,
New Delhi-110067(INDIA)

Location:

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Note:
Those who are interested may please confirm your participation at bins.sebastian@nipfp.org.in

22 June 2017: Mapping Land Conflicts in India

Kumar Sambhav Shrivastava, Ankur Paliwal, and Bhasker Tripathy

Abstract:
India’s ambitious agenda for industrial and infrastructure growth requires large swathes of land. At the same time, a huge part of its population uses land to earn livelihood. The competing demands cause conflicts. The battles over land are increasing across India irrespective of political cultures, be it left, right or centre. These conflicts have deep implications for the wellbeing of India's people, institutions, investments, and long-term development. They point towards deep structural flaws in the country's social, agrarian, and institutional structures, including ambiguities in property rights regimes and institutions.

An analysis of 331 ongoing land conflicts in India reveals that together they affect close to 36 lakhs people and span over 10 lakhs hectares of land. The total investments (indicative) tied to these conflicts are around Rs.12 lakhs crore. The data was collected between January 2016 and March 2017 by Land Conflict Watch, a research-based data journalism project that maps land conflicts across India. In this presentation, we address how, why, and where these conflicts are emerging and what are the implications of these conflicts for local communities and investment policies in India. We find that in contrast to accepted wisdom, the majority of land conflicts in India are revolving around common lands rather than private lands. We argue that in order to sustain and expand India's socioeconomic development, it is imperative that the government respect communities' land rights, including Forest Rights Act 2006 and ensure that their formal as well as customary jurisdiction over commons is recognised and respected.

Date: June 22, 2017
Time: 03:00 P.M.

Venue:
Conference Hall
Centre for Policy Research,
Dharma Marg, Chanakyapuri,
New Delhi–110021(INDIA)

Location:

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Note:
RSVP at https://docs.google.com/forms/d/e/1FAIpQLSel5phH02g_Gdbtqg2DmmmqJesdSInlOAzCjdSOuFn2yMwuIg/viewform?c=0&w=1

27 June 2017: Presentation of India Development Update: May 2017 Unlocking Women's Potential

Presenter:
Frederico Gil Sander
World Bank

Chair Person:
Rathin Roy, Director, NIPFP

Discussants:
N R Bhanumurthy, Professor, NIPFP and
Sher Singh Verick, Deputy Director, ILO Decent Work Team for South Asia and Country Office for India

Abstract:
The India Development Update is the World Bank’s twice-yearly report on the Indian economy and its prospects. This edition has topical notes on the demonetization experiment (did it curb black money?), an analysis of recent fiscal policy developments (should we be worried about states’ borrowing?), and an update on trade policy and performance (is the talk of protectionism being translated into action?)

Each edition also includes timely thematic notes, and a focus chapter on an issue of structural importance for India’s long-term development. The theme of the May 2017 India Development Update is “Unlocking Women’s Talent”. India has one of the lowest female participation rates in the world, ranking 120th among the 131 countries for which data are available. Worse still, the rate has been declining since 2005, and even among highly educated women (those with a diploma or university degree) only 1/3 are in the labor market. The shallower talent pool – including managerial and entrepreneurial talent – comes at a cost to economic growth. Why are so few women in the labor market, and what can be done about it?

Date: June 27, 2013
Time: 03:30 P.M.

Venue:
NIPFP Auditorium, Ground Floor
Main Building
National Institute of Public Finance and Policy,
18/2 Satsang Vihar Marg, Special Institutional Area,
New Delhi-110067(INDIA)

Location:

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Note:
For details: Please contact nrbmurthy@gmail.com

13 June 2017: What is the "state" of India's public finances?

Sajjid Chinoy
J.P. Morgan

Abstract:
After becoming the epitome of fiscal discipline in the mid-2000s, India’s state finances have markedly worsened in recent years and risks have increased going forward. What has driven the deterioration? How pervasive is it? More importantly what are the implications? While there has been much analysis of how worsening state finances impact the consolidated deficit and debt dynamics, we focus on how worsening state finances have caused state bond spreads to spike and show how these higher borrowing costs spill-over onto corporate bond spreads. This, in turn, pushes up borrowing costs for the private sector, and risks crowding out of the corporate bond market, precisely when the banking sector is under stress. We discuss these developments in the larger macroeconomic context at the moment, and suggest policy and market measures to rein in state fiscal deficits.

Date: June 13, 2017
Time: 04:30 P.M.

Venue:
NIPFP Auditorium, Ground Floor
Main Building
National Institute of Public Finance and Policy,
18/2 Satsang Vihar Marg, Special Institutional Area,
New Delhi-110067(INDIA)

Location:

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Note:
Those who are interested may please confirm your participation at bins.sebastian@nipfp.org.in