Articles: June 2017

By: Arun Maira
Category: Common citizen, India politics, Indian economy
Participative and well conducted multi-stakeholder processes increase social solidarity, which makes good societies. The expertise that is required is the expertise to design and conduct good public deliberations. Such processes, rather than experts, will produce the best and most just solutions.
By: Ajit Ranade
Category: Common citizen, India politics, Inclusive growth
The full impact of tax reform and attendant benefits are only possible when we implement both direct and indirect tax reform. The principle of optimal taxes requires efficiency and equity. The former means tax reform which causes least distortion, easy to comply and leads to revenue buoyancy.
By: Sudarshan Iyengar
Category: Common citizen, India politics, Inclusive growth
As Gandhiji’s grandson Gopalkrishna Gandhi has rightly remarked, Amit Shah’s remark that he was a clever bania was tasteless and has mischief hidden in it. The use of the word chatur, implying wiliness in Gandhiji’s actions, is in bad taste and reflects Shah’s deep personal dislike for Gandhiji.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, India politics, Inclusive growth
The response to the loan waivers has been along predictable lines. A loan, after all, is meant to be paid back and the indiscipline of waiving the outstanding leads to more such expectations; every new loan is now taken with the hope (if not an expectation) that it will not have to be paid back.
By: Vappala Balachandran
Category: Common citizen, Global
It would be advisable for India to keep contingency plans to protect the interests of 6,50,000 Indian workers who constitute one quarter of the 26 lakh Qatari population. India should not be caught unawares if a military conflict takes place since US is in no mood to sort out the situation.
By: Ajit Ranade
Category: Common citizen, RBI, India politics
Setting of interest rates is a key component of the monetary policy. This responsibility is now with the Monetary Policy Committee (MPC). The MPC has six members, including the Governor of the Reserve Bank of India, and each member has one vote. In case of a tie, the Governor has an additional vote.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, RBI, Indian economy
The overleveraged corporate sector, lack of better alignment of administered interest rates on small savings with market rates and stress in banks balance sheets remain cogs in the wheel for better policy transmission. These are structural issues which cannot be addressed by a policy repo rate cut.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: RBI, India politics, Indian economy
To some extent remonetisation could take care of the slowdown in growth. However, the sustainable solution is an elevated level of investment with fiscal rectitude of the government and a clean balance sheet by the private sector. And these cannot be achieved by a policy repo rate cut.
By: Vappala Balachandran
Category: China-India, Global, Indian economy
The decision of our government to skip the BRI summit on May 14-16, 2017 is still being debated. Critics say India’s absence went against the country’s economic interests as the Summit was attended by 29 Heads of States and important government leaders who could identify 270 “deliverable goals”