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Freebies galore: The 16th Finance Commission warns against them and so does ancient history

New Delhi, March 10 -- In 123 BCE, Gaius Gracchus passed the lex frumentaria, a law mandating that the Roman state sell grain to citizens at a fixed below-market price. The aim was modest: stabilize f... और पढ़ें


Why delinking the Finance Commission's devolution from state FC reports is a flawed idea

New Delhi, Feb. 24 -- In his book Increasing Returns and Path Dependence in the Economy, economist W. Brian Arthur explains how institutional outcomes often persist not because they are efficient, but... और पढ़ें


Budget 2026-27: Continuity over colour in an age of constraint

New Delhi, Feb. 1 -- Indian Budgets are often remembered for symbols. One of the most cited examples is N.D. Tiwari's "sindoor Budget" of the 1980s, recalled less for its fiscal impact than for a toke... और पढ़ें


Economic Survey 2025-26 has done well to stir up a debate on state capacity: Here's what it misses

New Delhi, Jan. 30 -- Economic Survey 2025-26 deserves credit for elevating state capacity from a background condition to a central analytical concern. It moves the policy conversation beyond the fami... और पढ़ें