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

Anupam RastogiSubscribe to Anupam Rastogi

Restructuring Public Finances

Public finances in India are at a turning point. Analysis of the past data, however, shows no improvement in any of the major fiscal indicators. Restructure of debt, reforms in power sector and implementation of other issues under MTFRP hold promise for future. Lower revenue transfers to states have exacerbated their revenue deficits and capacity to spend on social infrastructure. Performance-based sector-specific transfers could set an example for state finance commissions. In the coming years, as states are expected to raise part of the resources from the capital market, the roles of state plans and the central planning commission need to be re-examined.

Raising Resources for Railway Projects

Since the early 1990s, there has been a trend towards a more active participation of private investors in the construction and financing of railway projects. The analysis presented in this paper makes a case for reinvention of PPP scheme used for the railways fixed infrastructure projects. This paper proposes a better alternative mechanism based on flexible-term contracts for IR.
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