Columns

By: Arun Maira
Category: Jobs, India politics, Inclusive growth
Jobs cannot be sprinkled into the economy by the government. Jobs will emerge from interactions of many drivers in the economy—the growth of enterprises, life-long learning systems and social security, as well as the quality of physical infrastructure and the ease of doing business.
By: Vappala Balachandran
Category: China-India, Global, India politics
It is unfortunate that the “Heart of Asia” Conference is getting enmeshed in the present tension between India and Pakistan. More attention is now on whether Sartaj Aziz, the de facto foreign minister of Pakistan, will attend the conference, hold bilateral meetings or raise the Kashmir issue.
By: Jagdish Rattanani
Category: Blackmoney, Common citizen, India politics
The finance minister’s statement that it will take two to three weeks to re-calibrate ATMs and that people must have patience, when what we see around us is people losing their dignity every day, is a perfect picture of officialdom represented by that classic ballad: andher nagri, charbat raja.
By: Vappala Balachandran
Category: China-India, India politics, Indian economy
In a dynamic world, ideas of isolation may not be the best way to either build ties or contain threats. Instead, there is a case that can be made out that India in itself could be poorer because it will lose a convenient multilateral forum to defuse tensions as has been often done in the past.
By: Ajit Ranade
Category: Blackmoney, Common citizen, India politics
The government should have focused not just on old stock but future flow of black money generation. Hence high value notes should have been removed from circulation. Unfortunately that’s not exactly the intent of the PM’s current blockbuster initiative. To that extent, this is a missed opportunity.
By: Arun Maira
Category: Common citizen, Global, Inclusive growth
People trust those who listen to them, rather than those who, from high velvet lined pulpits, preach to them. Corporations want governments to get out of their way. To win trust, they must change their business ways to improve the world for everyone, not only for investors in corporations.
By: Usha Thorat
Category: Blackmoney, Common citizen, RBI
If 20 per cent of old notes do not return by March 2017 to RBI, the move would have impacted Rs 300,000 crore of black money in the form of cash. But the cycle can start again unless concerted measures are taken to address the problems of unaccounted money in property gold and forex transactions.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, India politics, Inclusive growth
As the RBI annual report of 2015-16 notes: “Central banks worldwide adopt standardised practice of upgradation of security features of bank notes to stay ahead of counterfeiter.” The RBI and the government have clearly not done so for years, and the common man is now being asked to pay the price.
By: Himadri Bhattacharya
Category: Blackmoney, Common citizen, India politics
The demonetisation announced on November 8 is by all means one of the rare, bold economic policy decisions witnessed in the history of independent India. It is clear that that a good bit of planning and preparation involving the ministry of finance and RBI were completed beforehand.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Governance, Health, Inequality, Sustainability, Global, India politics, Indian economy, Inclusive growth
The bitterness of the US election as also the anti-women and ugly remarks of the GOP nominee Donald Trump, who eventually won the race to the White House, is in itself a reminder of the prejudices at work in what is considered a leading developed economy and the most powerful democracy.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Health, Inequality, Sustainability, Global, Jobs, India politics, Inclusive growth
Women account for nearly 50 per cent of world population but account for only about 41 per cent of the formal work force. Women’s earnings globally are estimated to be on average 77 per cent of men’s earnings and the magnitude of the wage gap varies significantly by economy, sector and occupation.
By: Ajit Ranade
Category: RBI, Indian economy
But beyond the inherited problems of NPAs of the past, the new bankruptcy code and the insolvency resolution ecosystem, will impact new risk taking in a very positive way. It allows entrepreneurs and investors to take risks, and speedy resolution if those ventures fail.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, RBI, Indian economy
While each of the members has articulated their views, the overall impression that flows is that members were keen to reduce rates rather than free themselves of the noise that the clamour for lower rates has created, and then approach the issue by looking purely at data rather than expectations.
By: Ajit Ranade
Category: RBI, Indian economy, Global
India being much more dependent on domestic drivers of growth remains a bright spot but it is not without its challenges, among them the underlying inflationary pressures and private investment likely remaining constrained by weakened corporate and public bank balance sheets.
By: Himadri Bhattacharya
Category: Common citizen, RBI, India politics
The decision of the newly formed MPC to cut the repo rate at this time is likely to hurt its credibility. It will do precious little with regard to the problems associated with very high stressed assets/NPAs of banks, the resolution of which alone can spur credit growth and corporate investment.
By: Jagdish Rattanani
Category: Global
A nation that only eight years ago elected its first African-American President is now debating global issues with cries of “lock her up”, asking for Democratic nominee Hillary Clinton to be arrested, with wild statements led from the podium by a man who has targeted Muslims and other minorities.
By: Martin Macwan
Category: Common citizen, India politics, Inclusive growth
The vulnerability of women to sexual and other violence in the context of caste has been a sorry feature of our national life, the prerogative of men, particularly those hallowed with ‘higher’ and ‘pure’ caste status. If it is caste, then women appear to be condemned to the lowest status.
By: Usha Thorat
Category: Common citizen, RBI, Inclusive growth
So the long awaited policy - the first policy from a newly set up and newly constituted MPC, the first policy of the new RBI Governor, - has come and gone! It has left most people happy –except perhaps savers and pensioners –who may still not be aware of the implications for them!
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, RBI, India politics
Clearly, the rate cut at this juncture is more sentiment-driven than fundamental analysis-driven. The market, industry captains, government had a heavy deal of expectations from the MPC on a rate cut. Therefore, the rate cut could be seen as a tactical move to pacify this strong clamor.
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.

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