Articles: June 2019

By: K A Najmi
Category: Common citizen, Governance, Taxes, Global, RBI, India politics, Indian economy, Inclusive growth
As intermediaries of the financial system, conventional banks accept deposits and lend money on the basis of a predetermined rate of interest. Under a non-interest-based system, any payment or acceptance of interest is prohibited. The system operates on the basis that the return on investment (the... read more
By: Ajit Ranade
Category: Common citizen, Governance, Taxes, Global, RBI, Jobs, India politics, Indian economy, GST
India’s telecom revolution has earned the world’s admiration. At one stage,it was the fastest growing, lowest cost sector in the world, providing inclusive development to all. In airlines or electricity usually the government has to make it compulsory, and impose a universal service obligation (USO... read more
By: Dr Ganesh N Devy
Category: Common citizen, Governance, Inequality, Sustainability, Global, Jobs, India politics, Indian economy, Inclusive growth
It was the remarkable foresight of the makers of the Indian Constitution that they thought of creating a dedicated Schedule of Languages - the 8thSchedule – which initially included 14 languages as the languages of administration. This was a radical departure from the European idea of nationalism... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Global, RBI, Jobs, India politics
Admiral Karambir Singh, who assumed command as Chief of Naval Staff (CNS) last month-end, has put out “elaborate directives aimed at curbing subservient behaviour, restricting certain ceremonial practices and ensuring equality among the ranks.” The directives vary from the standard of cutlery and... read more
By: Hormuz P. Mama
Category: Common citizen, Governance, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy
It was on 17 April last that Jet Airways had run out of funds, and its operations had come to a grinding halt. Jet, a full-service airline, was competing domestically head-on with highly agile and viciously competitive low-cost carriers (LCCs) which had mastered the art of cost control. The cost... read more
By: Arun Maira
Category: Common citizen, Governance, Inequality, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
Economists are confused about the health of the Indian economy. Firstly, statistics of the economy are unreliable. Methodologies for measuring growth and employment have been changed. Comparisons with the past are no longer straight-forward; trends cannot be gauged accurately.Secondly, the... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Taxes, Global, RBI, Jobs, India politics, Indian economy
The rate cut last week by the Monetary Policy Committee (MPC) is unparalleled in the monetary policy history of the RBI since it is for the first time that the policy repo rate has been cut for the third time in a row in a calendar year. Headlines tend to translate a policy repo cut to a lower EMI... read more
By: Ajit Ranade
Category: Common citizen, Governance, Health, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The Finance Minister will present her maiden Union Budget on July 5. She has asked all citizens to send their inputs, promising that each proposal will be duly examined. She has welcomed and already thanked all the anticipated contributors to this crowdsourcing. This makes the process more... read more
By: Himadri Bhattacharya
Category: Common citizen, Governance, Global, RBI, Jobs, India politics, Indian economy
As widely expected, the Monetary Policy Committee (MPC) of RBI, in a somewhat rare show of unanimity cut the policy repo rate from 6% to 5.75% - third cut in a row- and what is more important, shifted the policy stance from ‘neutral’ to ‘accommodative’ in its second bi-monthly meeting yesterday. As... read more
By: Usha Thorat
Category: Common citizen, Governance, Taxes, Global, RBI, Jobs, India politics, Indian economy
The 25 bps rate cut and the change in policy stance from ‘neutral’ to ‘accommodative’ has been welcomed by the markets and is consistent with the growth projections and the inflation target. The MPC needs to be congratulated for a timely and appropriate policy, that has provided comfort to the... read more
By: Jagdish Rattanani
Category: Blackmoney, Common citizen, Governance, Inequality, Sustainability, Taxes, Global, Union Budget, Jobs, India politics, Indian economy, Inclusive growth
Elections of course are far more complex...but one thing may be said – the pundits, often sitting at the upper end of the economic pyramid, are more likely to read it wrong. They get it the least, and today it can be said that they probably also matter the least!
By: Ranjit K Pattnaik
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth
We will need a series of actions that fix structural issues and can drive change in the medium and longer term. There is in the end no quick fix to the given situation. Suggestions that the government will go on a PSU-privatisaton spree, as reported, carry little meaning because in the end who will... read more
By: Lekha Rattanani
Category: Common citizen, Governance, Health, Inequality, Sustainability, India politics, Indian economy, Inclusive growth
The huge downside of this experience for doctors at the start of their career will certainly mark them for life. This will possibly shape them, even scar them, and many may tend to believe that work in a public hospital is a sentence that they must serve so that they are then “free” to work in... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Health, Inequality, Sustainability, Taxes, Global, Jobs, India politics
It will be sometime before the depth of Narendra Modi’s electoral sweep sinks in and a much longer time before the phenomenon is better understood. The Prime Minister was right in telling his party workers that this country has truly given him a lot and that political pundits will have to revisit... read more