In his book, Dr. Subbarao says, “…the high interest rate regime would be the main area of difference between the government and the RBI.” Nevertheless, he and Dr. Rajan…
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The policy stands out as a unique document in terms of macroeconomic developments, liquidity management, pass-through of past policy repo rate cuts to lending rates and…
By Usha Thorat |
Wage inflexibility in the public sector, a high level of mandatory investments in government securities, and public sector control of banks are some of the rigidities…
By Ajit Ranade |
The friction caused by the myriad of state level and inter-state taxes will go away, improving the ease of doing business. Just entry taxes alone are responsible for the…
By Ajit Ranade |
The textile sector, along with construction, agriculture and tourism is one of four most-labour intensive sectors of the economy. It has huge potential for generating…
By Arun Maira |
Whichever method a government chooses for governance of the country, it must improve its ability to use it. Dictators can govern well or poorly. Elections can be…
By Arun Maira |
A popular movement against corruption, swelling in 2013, and the perception that governance had become paralyzed, enabled Narendra Modi to lead the BJP to a spectacular…
As Raghuram Rajan prepares to move out of the office of the RBI Governor, the implications of his exit and the manner in which he has been booted out raise important…
The Reserve Bank of India (RBI) has sought to assure the markets that the outflow, which it estimates will be to the tune of US $ 20 billion, will be addressed in a non-…
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I must see the film “Udta Punjab” next week! I am told that the proliferation of drugs in the State is the single problem that the inhabitants are discussing in their…
By Ajit Ranade |
The government announced an amendment to the Double Tax Avoidance Agreement between India and Mauritius. The DTAA was signed between the two countries in August 1982 and…
By Usha Thorat |
Any increase in bank deposits higher than credit growth, any reduction in bank borrowing from RBI on a consistent basis, reduction in government’s cash balances with RBI…
When the source of inflation originates from supply shocks, the efficacy of monetary policy is severely challenged. The answer is structural reforms. In India, it is…
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Recently the Supreme Court has given directives for what types of cars should be permitted to drive in Delhi, and at what times trucks can be permitted to enter the city…
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The real new item on the menu is the Bharatiya Janata Party’s one seat in the assembly. Both the BJP side and the anti-BJP side seem to view a “domino effect” in this.…