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:

View Larger Map

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:

View Larger Map

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:

View Larger Map

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:

View Larger Map

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

17 May 2017: Talk on 'The Future We Need: Natural Resources as a Shared Inheritance'

Rahul Basu
Goa Foundation, Goenchi Mati Movement (GMM), and The Future We Need (TFWN)

Abstract:
Natural resources include our environment, minerals, and land. From an economic standpoint, land and minerals are the most valuable. Wealth attracts thieves, adventurers, rent seekers and crony capitalists. It is not surprising that mining encourages corruption, as private parties attempt to capture most of the value through "legal" but fundamentally illegitimate contracts. This in turn drives environment and human rights violations, which give rise to conflict. Iron ore mining in Goa has become a contentious issue between government and civil society. In his talk, Rahul will speak about the work of the Goa Foundation, an environmental NGO, in raising awareness about mining as Goa’s largest environmental issue for over twenty five years. He will describe the Supreme Court's decision in the Goa Mining case, where the Court was concerned with the rapid depletion of iron ore, and wanted a practical method of implementing the principle of "intergenerational equity", earlier ruled by the Court to be a part of the "Right to Life". Goa Foundation uses the "public trust" doctrine and the "intergenerational equity" principle to propose an ethical, fair and just resolution to the issue in the form of the "fair mining" proposal. This proposal has support from the Constitution, our traditions and customs, economics and global best practices. Rahul will explain how the "fair mining" proposal reduces poverty, slows growing inequality, reduces corruption and crony capitalism, improves governance and even creates a palatable 'Universal Basic Income'. As a result of a recommendation from the Goa Foundation, the Supreme Court has ordered the creation of the Goa Iron Ore Permanent Fund. This is intended to be a savings fund akin to the oil funds of Norway and Alaska. The Supreme Court has also ruled the last five years of iron ore mining in Goa to be illegal. While giving rise to enormous claims on the miners (as illegal mining is equivalent to theft of public property), it also gave the Goa government a clean slate. It had full freedom to redesign its mining sector. The Goenchi Mati Movement issued a manifesto for the Goa State Assembly elections showing how these principles could be put into practice. The manifesto was supported by the mining affected, mining dependent, and even a miner. It has also been supported by four political parties including AAP, as well as the Archbishop of Goa, the Shadow Chancellor of the UK, and a broad spectrum of civil society.

Date: May 17, 2017
Time: 03:00 P.M.

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

Location:

View Larger Map

16 May 2017: The rule of law, global prosperity and strategic calculation: the stakes for the Indo-Pacific region and the world of China’s rise

Brian Lee Crowley
Macdonald-Laurier Institute, Ottawa, Canada

Chair:
Abhijit Singh, Head, Maritime Policy Initiative, ORF 

Date: May 16, 2016
Time: 03:00 P.M.

Venue:
ORF Conference Room
Observer Research Foundation
20 Rouse Avenue Institutional Area
New Delhi-110002(INDIA)

Location:


Note:
Please RSVP to orfevents@orfonline.org

15 May 2017: Word from the Frontlines of Demonetization: Perspective’s & Lessons Learnt from India’s Largest Cash Management Company

Rajiv Kaul
CMS Info Systems Ltd.

Abstract:
Nov 8th, 2016 will go down in the Indian Economy as a red letter day, when literally overnight the Rs. 500 and Rs.1000 banknotes were demonetised. The first two weeks, and then the prolonged aftermath affected us at an individual, industry, sectoral and economic level. As India’s largest ATM cash management company, handling more than 50% of all ATM cash replenishment, and the largest retail cash collection service, with a presence across 95% of all the districts in India, CMS was at the frontline of managing this exercise in evacuation, recalibration and replenishment of ATMs. This presentation delves into the company's singular experience in handling and surviving Demonetisation, leadership lessons in coping with an increasingly chaotic ecosystem, while giving some insights into the cash cycle of our country, how the multiple entities that affect it moved in cohesion or otherwise.

Date: May 15, 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:

View Larger Map

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