Articles: August 2017

By: Jagdish Rattanani
Category: Common citizen, Jobs, Indian economy
Infosys has been the crown jewel of the Indian corporate sector, a mascot for growth driven by values. The story of how the founders and particularly N R Narayana Murthy built Infosys and gave the company its unique culture and status in the Indian mind-set has been told again and again.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, RBI, Indian economy
If one accepts IIM-A surveys, then the pressure is on the RBI to prove that its surveys are better. This is a technical challenge the RBI has to resolve independent of the MPC as it questions the credibility of RBI as the monetary authority to maintain price stability, while keeping growth in mind.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, RBI, India politics
It is not inflation control per se which is important but the anchoring of inflation expectations when it comes to public policy in general and monetary policy in particular. Inflation expectation is currently at a high level. The inflation expectation is mostly based on market behaviour of prices.
By: Ajit Ranade
Category: Jobs, Indian economy
The many analysts and experts who are scrutinizing the company threadbare, need to ask themselves: do they apply even ten percent of that attention to examine other companies and their governance? Just because Infosys is more transparent, it does not mean that only it should be studied threadbare.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Indian economy, Inclusive growth
What we have unfolding before us is the changing character of nationalised banking system, and early signs of sharp practices that if left unchecked would land us in an ugly space of banks as sharks, preying on customers who will enjoy safeguards in theory but will have nowhere to go in practice.
By: Vappala Balachandran
Category: Global, India politics
The judicial disqualification of Nawaz Sharif from Prime Minister’s position is not going to change Indo-Pakistan relations or its foreign policy. It is not going to change the dynamics of its internal equilibrium where the Army will continue to be comfortably ensconced in a commanding position.
By: Ajit Ranade
Category: Common citizen, RBI, Indian economy
In the meantime, spare a thought for the depositor. Her return on savings is now merely 3.5 percent. Don’t ask her to rush into mutual funds, without first educating her about the risks and rewards. Also inflation is going to eat into that 3.5 percent soon. No way of dodging this reality.
By: Usha Thorat
Category: Common citizen, RBI, Indian economy
It is to be expected that RBI will focus more on ensuring durable inflation closer to the target level as that is what it is accountable for, than allowing some risk to inflation for the sake of higher growth. There will always be a bias towards not cutting rates or cutting it only by “baby steps”
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, India politics, Inclusive growth
The obsession with GDP growth is despite the fact that the number is not easily relatable to anything the citizen feels or does. So while in the US, it is the jobless rate that can be political dynamite, in India it is GDP growth that remains a metric that everybody quotes but very few understand.