Finance

Changes in public financial management across the globe have necessitated India to revisit its traditional methods of managing and depicting its public finances. One of the major changes envisaged is a quest to migrate gradually to accrual accounting from the traditional cash-based accounting.

• Sumati Kumar
• 2019
• Monograph

The institution of Financial Advisor in any organization is a salient pillar of good governance and accountability. In a government organization, Integrated Finance serves as the sine qua non for most efficacious utilization of available funds. The Ministry of Defence in particular, with its prodigious and multifarious expenditure, stands to gain enormously if its resources are harnessed in the most productive manner possible.

• Sumati Kumar
• 2021
• Monograph

Micro and macro-level budgetary reforms are required to ensure optimum utilisation of the allocated resources for executing financially viable plans.

• Amit Cowshish
• August 02, 2022
• IDSA Comments

The government seems to have little fiscal space for accommodating the demand of the armed forces for additional funds, given its quantum on the one hand and the state of its revenues on the other which are already quite stressed.

• Amit Cowshish
• September 26, 2019
• IDSA Comments

Even if the Fifteenth Finance Commission manages to make a specific recommendation about the funds to be allocated for defence and internal security and the government accepts the recommendation, there can be no guarantee that the actual allocation will not fall short of the accepted level.

• Amit Cowshish
• July 24, 2019
• IDSA Comments

While the purpose of the Fall Clause, a price safety mechanism in rate contracts, is indubitable, some issues concerning its applicability and implications, both for the buyer and the seller, merit a review.

• Amit Cowshish
• May 08, 2019
• IDSA Comments

Demonetisation is an important step in the fight against the finance of terrorism. However, it should neither be the first nor the last, if the interlinked threats of corruption, crime and the finance of terrorism have to be controlled.

• Vivek Chadha
• November 18, 2016
• Policy Brief

The United States faces a budget crisis of proportions with no precedent in its recent history. The country’s economic dominance since the end of World War II has supported a military posture with global reach and influence.

• Peter Maher
• February 24, 2011
• Issue Brief

Ground reality rather than fiscal prudence should guide the Finance Minister while finalising the defence budget for 2011-12.

• Laxman Kumar Behera
• February 23, 2011
• IDSA Comments