Articles: December 2017

By: Dr Ghanshyam Shah
Category: Common citizen, India politics, Indian economy, Inclusive growth
ભારતના રાજ્યોમાં ગુજરાત ધનિક કહી શકાય. પહેલા બીજા નંબરે આવે. પણ.આરોગ્ય માં  આપણે આઠમે નંબરે. 45 ટકા પાંચ વર્ષથી નીચેની ઉમરના બાળકો  કુપોષણ થી પીડાય છે. એક લાખે 32  બાળકો મુત્યુ પામે  છે.  બાળમરણ નું પ્રમાણ કેરળ  માં 12 અને મહારાષ્ટ્રમાં 24 છે.  બાળમરણમાં આપણૉ... read more
By: Ajit Ranade
Category: Common citizen, Taxes, Union Budget, RBI, India politics, Indian economy, Inclusive growth
Around this time last year, the country was recovering from the shock of demonetisation. It created economic hardship, but it was a political success. Around the country, two questions were routinely asked to people waiting in long queues at the bank branch or the ATM. These were: (a) “Are... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, RBI
There has been some heated debate on the “bail-in” clause (Clause 52) of the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, presented to the Lok Sabha recently. There have been apprehensions that the clause as specified in the Bill is against the depositors’... read more
By: Dr. Itishree Pattnaik
Category: Common citizen, Governance, Inequality, Sustainability, India politics, Indian economy, Inclusive growth, GST
Much has been debated on the miracle growth of Gujarat’s agriculture, particularly after 2003-04. Before that, agriculture in the state was low-performing and high fluctuating. The high growth performance was explained by factors like the boom in bt-cotton cultivation, power sector reform (... read more
Changing the course of the corporate Titanic
By: Arun Maira
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, RBI, Jobs, India politics, Indian economy, Inclusive growth
Having more independent directors of corporations, or separating the roles of chairman and CEO, and even giving more voice to small shareholders, which are the contentious issues being debated by corporate governance experts, are merely rearrangements of the deck chairs within the established... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Taxes, RBI, India politics, Inclusive growth
India’s modern tax reform agenda was defined by the reports of two celebrated task forces, both chaired by Vijay Kelkar. This was during the previous NDA regime of Prime Minister Vajpayee. Those two reports, on direct and indirect taxes, are still refreshingly relevant. The main thrust of the... read more
By: Dr. Indira Hirway
Category: Governance, Inequality, Sustainability, Taxes, Jobs, India politics, Indian economy, Inclusive growth
Providing productive jobs with decent earnings to all has to be a major goal of any development model. Productive employment not only enables households to access necessary goods and services, but it also gives them dignity and self-esteem. Unfortunately, Gujarat has done poorly in the field,... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Global, RBI, Indian economy
The fifth bi- monthly monetary policy statement 2017-18 setting out the resolution of the Monetary Policy Committee (MPC) has kept the policy repo rate unchanged at 6.0 per cent on concerns of rising inflation. This decision is in line with market expectations. Five members voted for a status quo... read more
By: Usha Thorat
Category: RBI, Indian economy
The policy was in line with expectations. No changes in interest rates or in CRR. Inflation forecast for the second half of 2017-18 has been slightly raised to 4.3 - 4.7 per cent from the forecast of 4.2 - 4.6 per cent made in the October policy. The forecast for Gross Value Added (GVA) at 6.7 per... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Blackmoney, Common citizen, Governance, Inequality, Taxes, RBI, Jobs, India politics, Indian economy, Inclusive growth
Weak investment demand would impede a higher growth trajectory. To top it, the predominance of consumption-led growth is a matter of serious concern in terms of sustainability. The soundness of the growth trajectory is under question.
Subbarao Who Moved My Interest Rate?
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Blackmoney, Common citizen, RBI, India politics, Indian economy, Inclusive growth
In September 2016, with an amendment to the Reserve Bank of India (RBI) Act, 1934, almost eight decades of operations relating to monetary policy goals, frameworks, and processes were given a goodbye. History was created with the metamorphic transformation, essentially from an individual (read the... read more
By: Praveen Dixit
Category: Common citizen, Governance, Inequality, India politics
A case of police brutality in Sangli, a district of 2.8 million people in the well-connected Western Maharashtra region, should send alarm bells among every responsible member of the Indian police and State administrations, particularly Maharashtra, where the incident took place.  A 25-year-... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Blackmoney, Common citizen, Governance, Inequality, RBI, India politics, Indian economy, Inclusive growth
We are here because, as the RBI Deputy Governor Viral Acharya once put it: “Original promoters – who rarely put in any financing and primarily provide sweat equity – have had somewhat of a field day, facing limited dilution, if any, of their initial stakes nor much of a threat of being outright... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Philanthropy, Taxes, India politics, Indian economy, Inclusive growth
Inequality cannot be remedied merely by depending on the goodwill and moral compulsions of the very rich. We have to acknowledge that India has one of the lowest direct tax-to-GDP ratios. We do not have inheritance tax. We have exemptions, which enable large capital gains to go tax free.
By: (The late) Dr. N A Mujumdar
Category: Common citizen, Inequality, Global, RBI, Indian economy, Inclusive growth
We seem to have reduced the discussions on financial inclusion to a mechanical exercise in arithmetics, namely, geographically covering unbanked areas, or covering sections of population or groups of population which have remained outside the reach of the formal institutional financial framework.... read more