Columns

By: Jagdish Rattanani
Category: RBI, India politics, Indian economy
By further arguing that this view enjoys the support of a large number in the BJP, Swamy is committing the ruling party to a line and an argument that carries deep implications not only for the economy but also for the political tone and direction of the ruling party.
By: Himadri Bhattacharya
Category: Global, RBI, Indian economy
In the past, both the government and the RBI would routinely claim after episodes of fall in rupee's exchange rate that there would be little or no adverse implication for growth, inflation and budgetary position. But the facts turned out to be different, especially for inflation and fisc.
By: Ajit Ranade
Category: China-India
This year China completes fifteen years of its WTO membership. According to the conditions of its entry, it was guaranteed an MES latest by the end of 15 years, no matter what. Many members of WTO especially the European Union and USA are uncomfortable about granting MES to China...
By: Haresh Jagtiani
Category: India politics
I’d be perfectly willing to match wits and join issues with a vegetarian or a vegan who questions my desire to eat beef. I might even be convinced if he proved that a single malt tastes better with vegan ham (made out of coconut) or dhokla. But if a law is enacted that bans beef eating in my... read more
By: Arun Maira
Category: Common citizen, Governance, Inequality, Sustainability, Global, India politics, Indian economy, Inclusive growth
India has the highest GDP growth in the world today. But are we doing as well as we want to? When the Governor of the Reserve Bank posed this question, he was immediately criticised by government leaders for creating doubts in the minds of people in the country and abroad about India’s progress.
By: K.Kanagasabapathy
Category: Common citizen, India politics, Inclusive growth
While public policies are aimed at improving the lot of the “common man”, he may not be benefited to the full extent and at times may become a victim to such policies if asked to migrate and forced to take unfamiliar occupations. In short, the common man is a policy-taker and not a policy-maker
By: Ajit Ranade
Category: Jobs
Can ecommerce be a major job-creating engine? As India struggles to create 12 million jobs annually, this question is very pertinent. To the extent that ecommerce does require logistics (including last mile delivery) and warehousing, all of which can be labour intensive, the jobs promise is credible
By: Ajit Ranade
Category: Governance, Inequality, Philanthropy, Global, India politics, Indian economy, Inclusive growth
Measured as the Gini coefficient of income distribution, India fares better than Brazil and possibly China and Russia. But in wealth inequality terms we fare much worse. And if we use metrics like access to healthcare, basic quality education, sanitation we see a very unequal society.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, RBI, India politics
The Reserve Bank of India’s “State Finances: A Study of Budgets 2015-16” is a service to the nation and deserves to be studied threadbare if we are to understand where the States’ finances are headed and if the nation is truly on course to achieving the outcomes it has set for itself.
By: Sudarshan Iyengar
Category: India politics, Indian economy
The ‘patidars’, who are Patels, a surname noted for being numerically the most popular Indian last name in the US, are angry and agitating against the government because as a caste group they feel that the political and economic space for them in their homeland Gujarat has shrunk significantly.
By: Sudarshan Iyengar
Category: Common citizen, Jobs, Inclusive growth
Shouldn’t the education to children equip them with relevant skills so that they get productively engaged as adults in multi sector economic activities in villages? Shouldn’t the stewards of the country realise that mindless and uncontrolled urbanisation is creating an inhuman and unequal society.
By: Usha Thorat
Category: Common citizen, RBI, Indian economy
If the RBI feels that interest rates should be lowered keeping in view that inflationary pressures are reducing and expectations are getting softened, the impact on the economy will be felt only when the lending rates come down and stimulate credit demand. This is why transmission is important.
By: Arun Maira
Category: Common citizen, Governance, Sustainability, India politics, Indian economy
The country is open to citizens’ protests: on the streets, in the press, and increasingly in a hyper-active social media. Issues can be raised in the public space. But they cannot be resolved there. Slogans and placards draw attention to problems. They cannot describe a complete solution.
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, India politics, Indian economy, Inclusive growth
In the last couple of years the dumping ground has become a deadly menace. Frequently fires break out, causing acrid smoke, suffocating the people who live in nearby suburbs. The fire smolders for several days, and the smog makes the air quality so bad that it can be life threatening.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: RBI, India politics, Indian economy
The goal of transforming India by working for the benefit of farmers, poor and the vulnerable is highly laudable but it is not in sync with approach adopted for mobilising resources. Fiscal consolidation, fiscal integrity, fiscal prudence and fiscal rectitude critically hinge on fiscal empowerment.
By: Ajit Ranade
Category: Common citizen, RBI, Indian economy
A former RBI Governor once said, that the lobby for rate cuts is very strong, but nobody calls for a rate hike on behalf of depositors. Those people who depend on “fixed income products” like bank FD’s, or pension trusts, for their income, are deeply dismayed when rates are cut.
By: Dr. Yashwant Thorat
Category: India politics, Indian economy, Inclusive growth
The key sentiment is “please show us the implementation and ensure transmission of policy without leakages”. While the budget has been marketed as a pro-poor, pro-farmer budget focussed on reviving agriculture growth and improving farm incomes, a closer look might tell us a different story.
By: Sudarshan Iyengar
Category: India politics
Signs of social unrest are hard to ignore although political leaders have failed to sense the full import of it. Their responses have been highly irresponsible and they are mostly found to be talking at each other in Parliament and outside. The television anchors mischievously fan the process.
By: Usha Thorat
Category: Common citizen, RBI, Indian economy
The finance minister has announced a plethora of plans for crop insurance, health insurance, affordable housing and more funds in hands of panchayats and urban local bodies. But the big question is how would the government meet expenditure for these projects without increasing the fiscal deficit?

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