Blackmoney

By: Jagdish Rattanani
Category: Blackmoney, Common citizen, Governance, Sustainability, India politics, Indian economy, Inclusive growth
When UPA-II under Dr. Singh lost to Narendra Modi’s BJP, Dr. Singh lost only his job but it was the Congress that lost everything. This is not to say the Congress did not deserve it, nor is it to divert attention from the scandals that now dog the BJP and the Prime Minister. But it is to be noted... read more
By: Jagdish Rattanani
Category: Blackmoney, Common citizen, Governance, Sustainability, Taxes, Global, India politics, Indian economy
There are two wings on which scandals of the Rafale and Bofors variety take flight. One is plain fact and the other is perception. The government has its back to the wall on both counts. There is now little doubt that it is fast losing or has already lost the political battle on the Rafale deal.... read more
By: Jagdish Rattanani
Category: Blackmoney, Common citizen, Governance, Sustainability, India politics, Indian economy, Inclusive growth
India’s GDP growth has come in at 8.2 per cent for the quarter covering April, May, June of 2018.  The growth number is by any standards robust. Dr. Bibek Debroy, Chairman of the Economic Advisory Council to Prime Minister has said that it reflects “superior acceleration in India... read more
By: Chetan Dalal
Category: Blackmoney, Common citizen, Governance, RBI, India politics, Indian economy
“Our messaging, standards and services connect you to your counterparties worldwide, so you can transact securely and reliably.” So reads the home page of SWIFT, the secure messaging system that has been used by Nirav Modi and his associates within and outside the Punjab National Bank (... read more
By: Ranjit K Pattnaik, By: 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, By: 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: Ranjit K Pattnaik, By: 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: Jagdish Rattanani
Category: Blackmoney, Common citizen, Indian economy, Inclusive growth
The asking price from the builders is (artificially held) steady and some are working almost like cartels to hold on to high-cost inventory rather than see the prices slide to their natural level to enable sales. An analysis of how many banks are financing this ride to doom would be interesting,... read more
By: Himadri Bhattacharya
Category: Blackmoney, Common citizen, RBI, Indian economy, Inclusive growth
A narrow direct-tax base, a retrograde direct-indirect tax structure, widespread tax evasion, complex tax rules, an inefficient and rent-seeking tax administration have been the hallmark of Indian taxation system since independence. Its dysfunctional nature has shaped the incentives of politicians... read more
By: Ajit Ranade
Category: Blackmoney, Common citizen, RBI, Indian economy, Inclusive growth
The comparison with Pokhran can only be stretched so far. Unlike the Pokhran test, demonetisation has affected each and every Indian. If it turns out to be a net positive, that is still in the distant and uncertain future.

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