Articles: July 2018

By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Jobs, India politics
But what is not a trick and carries the potential of a powerful framing of issues for 2019 is the message of “love versus hate”. Captured in a line and placed on a poster that came up in Mumbai, the position is simple: nafrat se nahin, pyaar se jeetenge (We will win not with hatred but with love... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Taxes, Global, RBI, India politics, Indian economy, GST
The annual study of State budgets released this month by the RBI comes amid important developments in the fiscal architecture of the Indian federal system. The Central government has a revised FRBM framework with the fiscal deficit alone as the target variable, which will be mirrored sooner rather... read more
By: Ajit Ranade
Category: Common citizen, Governance, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, GST
The Standing Committee on Energy in its thirty-seventh report to the Lok Sabha said that there are 40,000 megawatts of power projects which are under financial stress. These are on the brink of becoming non-performing assets, and may have to go through bankruptcy. This represents more than 10... read more
By: Ajit Ranade
Category: Common citizen, Governance, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, GST
The two reports serve to highlight macroeconomic concerns as we head into an election year. Consider some of the challenges. The Consumer Price Index (CPI)-based inflation is now at 5 per cent. This is already showing an upward momentum, especially in non-food prices, which include education and... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
A recent report from the globally renowned Brookings Institution shows a dramatic reduction of poverty in India. As of May 2018, India has 73 million people living in extreme poverty, as against 87 million in Nigeria. For the first time, India does not house the maximum number of extremely poor... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Inequality, Taxes, China-India, Global, Jobs, India politics, Indian economy, GST
We are on the edge of a full-fledged trade war. The U.S. has raised tariffs, China is hitting back and businesses are watching worriedly as tensions rise and uncertainty grips the market. Amid this flexing of muscles comes a story from a place in the U.S. State of Missouri called Butler County,... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy
The Rupee is falling. We are within striking range of Rs.70 to the US dollar. In intraday trade, the currency touched an all-time low of Rs.69.10 in the last week of June. The nosedive has raised alarm as the rupee becomes the worst performer among currencies. There are many questions from every... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
Eight years and 17 reports later, it is not clear if “pre-emptive” actions have worked to control some of the messes that are all too obvious in the system. One of the key failures remains the rising tide of Non-Performing Assets, or NPAs, which stands out in the latest FSR as one of the deeper (... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
The perception of safety of deposits in public sector banks is because of an implicit guarantee that the main “owner” or shareholder, i.e. the government of India, will never allow a PSB to go belly up. Depositor money is thus “safe” in a PSB and, as records reveal, no PSB has been allowed to fold... read more
By: Vappala Balachandran
Category: Common citizen, Governance, Inequality, China-India, Global, Jobs, India politics, Indian economy
A Brookings paper (June 8) quoting US defence sources said: “Adding the Indian Ocean to the mix dilutes China’s influence: It increases the size of the pond and adds other fish that are less amenable to swimming to its tune”. In other words, it was a strategic ploy for drawing China out into a... read more