Columns

By: Ajit Ranade
Category: India politics, Indian economy
But the current hostilities add an element uncertainty in the minds of investors. This was seen on the day of the surgical strike itself. Global stock markets rallied, and the Indian stock market too should have moved in sync, as always. The Sensex actually fell by 500 points during the day.
By: Ajit Ranade
Category: Global, India politics, Indian economy
The current hostilities add an element uncertainty in the minds of investors. This was seen on the day of the surgical strike itself. Global stock markets rallied, and Indian stock market too should have moved in sync, as always. But the Sensex actually fell by 500 points during the day
By: Anil K.Rajvanshi
Category: Jobs, Indian economy, Inclusive growth
Research and teaching go hand-in-hand because the excitement of new research is then passed on to the students. Most of the engineering colleges do not do any research and even in IITs, it is much below world standards; the teachers are hence not able to inspire students to do research.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, RBI, Indian economy
The institution of the Monetary Policy Committee (MPC) in many ways signals a monumental change in the process of decision-making at the RBI. For the first time, the committee rather than one person, who until now was the RBI governor, will decide the policy interest rates in the economy.
By: DN Ghosh
Category: Global, RBI, Indian economy
If we are to grapple with the recurring problem of non-performing assets and continue uninterruptedly with pushing social sector lending and infrastructure development, the polity has to act innovatively: there has to be a partnership, so to speak, between the state and the financial system.
By: Ajit Ranade
Category: India politics, Indian economy, Blackmoney
The government announced the Income Declaration Scheme (IDS) earlier this year to unearth black money in the country. It is an amnesty scheme, and allows people to declare undisclosed income or assets. They will pay 45% tax on the disclosed income, and will not attract any further action.
By: Ajit Ranade
Category: Blackmoney, Common citizen, India politics
The high value note can be withdrawn gradually over a period of two years so as to cause minimal inconvenience to legitimate users. During this period, we will also see an explosion of digital transactions, making it easier to retire the big note. As such, we are moving to a less-cash society.
By: Himadri Bhattacharya
Category: RBI, Indian economy
This unprecedented dividend policy has gone on for three years, and is ostensibly justified on the basis of a determination made by its Board that the RBI's capital position remains robust and adequate vis-a-vis risks. Hence the RBI has seen no need for ploughing back any portion of its... read more
By: Sudarshan Iyengar
Category: Common citizen, India politics
A person in public life has to be a person of character exercising self-restraint all the time. Gandhiji believed in self-imposed internal ethical control as against institutional restraints imposed from the outside by society on one’s behaviour, especially when in public life.
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Category: Common citizen, India politics
The nation continues to be subjected to an unseemly tug-of-war between the government and judiciary, taking relations between the two constitutional pillars to a new low. Never before in independent India’s history, right from the day the Supreme Court was inaugurated, have we reached such a pass.
By: Ajit Ranade
Category: Common citizen, India politics, Inclusive growth
The key difference between advanced and emerging economies is in their educational attainment. This was the observation made recently by the visiting Deputy Prime Minister Tharman Shanmugaratnam of Singapore. He said that the biggest gap between India and East Asia was the state of education.
By: Arun Maira
Category: Jobs
Large, formal, organised enterprises use more capital, and more energy, and less people. The thrust of policy must not be to mindlessly bring micro enterprises into prevalent forms of formality and organisation. It must be to reframe the concept of productive enterprises—even in the large sector.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: RBI, Indian economy
If Dr. Urjit Patel tweaks the SLR, he will free up funds for lending but at the same time, the banks so liberated should be held to account for their performance and a better management of their portfolios. Of course, he will have to play his options amid a host of challenges.
By: Himadri Bhattacharya
Category: RBI, India politics, Indian economy
As Dr. Raghuram Rajan prepares to return to the academia after three years at the helm of the Reserve Bank of India, he leaves behind a legacy and a notable contribution in the introduction of an objective and a legal framework for conduct of monetary policy with a focus on inflation-targeting.
By: DN Ghosh
Category: RBI, India politics, Indian economy
Relations between Central banks and political governments have never been easy anywhere. India is no exception. We need an appropriate forum to strike a balance between unrestrained autonomy and blatant political intervention. The focus should shift on what kind of forum we should have.
By: Ajit Ranade
Category: RBI, Indian economy
Dr. Patel has been Deputy Governor for three and half years, and in that sense is an insider. He also chaired the committee that laid the framework for inflation targeting. This became the predominant mandate of RBI, when the Government of India and the RBI signed an agreement last year.
By: Martin Macwan
Category: Common citizen, India politics, Inclusive growth
There seems to be limited options for dalits in India for their ‘own’ independence. They have to create their own avenues of hope within their own segregation. As we stand today, reservation offers them a ‘special status’ but not ‘equal’ status. It will take a lot to change this.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: RBI, India politics, Indian economy
In his book, Dr. Subbarao says, “…the high interest rate regime would be the main area of difference between the government and the RBI.” Nevertheless, he and Dr. Rajan have left behind a legacy which has virtually cast in stone the philosophy that price stability is the ultimate goal of the RBI.
By: Usha Thorat
Category: Common citizen, RBI, Indian economy
Wage inflexibility in the public sector, a high level of mandatory investments in government securities, and public sector control of banks are some of the rigidities that impede better transmission. Also the operating framework of the monetary policy has an impact on transmission.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, RBI, India politics
The policy stands out as a unique document in terms of macroeconomic developments, liquidity management, pass-through of past policy repo rate cuts to lending rates and more importantly the linkages between corporate sector credit demand and business, and public sector bank balance sheets.

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