Columns

By: Ranjit K Pattnaik
Category: Common citizen, Governance, Inequality, Sustainability, RBI, India politics, Indian economy, Inclusive growth
The recent measures announced by the authorities may provide some short term relief but the sustainable solution to the problem is encouraging green field FDI and non-oil exports such as iron and steel, non-ferrous metal, and automobiles. Fixing the slide requires clear policies and prioritisation... read more
By: Ajit Ranade
Category: Common citizen, Taxes, China-India, Global, RBI, India politics, Indian economy, GST
The big news this week was on two key prices. One is the price of the almighty dollar, and the other is the price of petrol (or diesel). These two are the most important price signals in the economy. And both are of imported items. India has a huge shortage of oil since domestic supplies meet... read more
By: Himadri Bhattacharya
Category: Common citizen, Governance, Taxes, Global, RBI, India politics, Indian economy
One obvious casualty of widespread restructuring was the supervision of banks. The examiners of banks never had a clear idea on what to do with the so-called restructured loans, particularly in respect of medium and large enterprises, which were indistinguishable from NPAs. Or, for that matter how... read more
By: Jagdish Rattanani
Category: Common citizen, India politics, Inclusive growth
The idea of winning elections through so-called strategists like Prashant Kishor is far removed from what elections in India actually are (and of course what they are meant to be). It is the desperate search for the magic pill that will get votes, unmindful of the simple fact that such a formula... read more
By: Ajit Ranade
Category: Common citizen, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, GST
On August 31, it reported that India’s GDP growth rate for the April to June quarter was a solid 8.2 percent, well past the psychological level of 8. This was the highest growth rate recorded in the past nine quarters and makes for some good news on the economic front. Growth was much higher than... read more
By: Dr. M A Kalam
Category: Common citizen, Governance, Inequality, Jobs, India politics, Inclusive growth
Hardly anyone is aware today that in Britain there existed a party called the British Union of Fascists (BUF) whose members were known as the Black Shirts. The BUF had its genesis in 1932, mainly due to the overzealous efforts of a Member of the British Parliament, Sir Oswald Emald Mosley (1896-... 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: Dr Ghanshyam Shah
Category: Common citizen, Inequality, Jobs, India politics, Indian economy, Inclusive growth
Dominant peasant castes occupying significant space in the economy and polity in their respective States are not giving up the battle for quotas. The Marathas are once again up-in-arms against the State demanding reservation in educational institutions and government jobs, an agitation that has... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, India politics, Indian economy, Inclusive growth
Long before the battle lines are drawn more clearly, we have a case that rests on winning not because the lead runner is strong or good or capable but because the other runners will not catch up. Of course, the argument that the BJP offers a good government is added on by the supporters, but it is... read more
By: Ranjit K Pattnaik
Category: Common citizen, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy
In analysing the situation, it is important to note that episodes of volatility are not a new phenomenon in India and this isn’t the worst of what has been seen in terms of volatility. The depreciation five years ago, precisely on August 28, 2013, remains a watershed as the Rupee touched Rs.68.3611... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Taxes, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The floods in Kerala and the quantum of aid it needs versus what is on offer from the Centre has brought back the debate on Centre-State issues. It is also pertinent since the Fifteenth Finance Commission (15FC) is in the middle of deciding the devolution framework and quantum.  In Kerala’s case,... read more
By: Arun Maira
Category: Common citizen, Governance, Inequality, Global, Jobs, India politics, Indian economy, Inclusive growth
There was great uncertainty in 1999 about the outcome of India’s national election and concern that India’s development would be disabled by India’s competitive politics. The dominance of a single party, the Congress, in national and State politics was fading then. Regional parties had gathered... read more
By: Ajit Ranade
Category: Common citizen, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
In the medium to long term, the rupee will always depreciate against the dollar. The reason for this is that the rupee loses purchasing power domestically, due to inflation. At 5 percent inflation, 100 rupees reduces to 95 rupees value at the end of the year. So naturally the international value of... read more
By: Ajit Ranade
Category: Common citizen, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
The trust capital in India lags far behind the Scandinavian countries or even in East Asia. This trust deficit is the most abstract and difficult to bridge. It needs judicial, police and electoral reforms. It needs political parties to be subject to the right to information. This is the most... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Taxes, Global, RBI, India politics, Indian economy
The largest public sector bank and the largest private sector bank have announced losses for the first quarter (Q1) of the financial year 2018-19. The results have shocked many, particularly in the case of the State Bank of India, where the Q1 (April-June 2018) loss stood at Rs.4,876 crore, the... read more
By: Arun Maira
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, China-India, Global, Jobs, India politics, Indian economy, Inclusive growth
There are great expectations about the growth in the size of the Indian economy: that it has already exceeded the size of France’s economy, and that very soon it will exceed the size of the economy of the UK. An interesting question is, what shape will the Indian economy have in the future? What... read more
By: Dr Ganesh N Devy
Category: Common citizen, Governance, Inequality, Sustainability, Global, Jobs, India politics, Inclusive growth
The SIT constituted by the Karnataka government deserves praise for getting closer to cracking the conspiracy of killing several intellectuals. Those involved in the Gauri Lankesh murder are believed to have had a hand in killing Dabholkar, Pansare, and Kalburgi. The press reports tell us that many... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Taxes, Global, RBI, India politics, Indian economy, Inclusive growth
The policy repo rate, which (over time) drives the rate at which banks lend to customers, has moved up from 6 per cent to 6.5 per cent in the last four months. The MPC wants this increase to “bite” (in the words of the RBI Deputy Governor and MPC member Dr. Viral Acharya) so that inflation is... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Jobs, India politics
But what is not a trick and carries the potential of a powerful framing of issues for 2019 is the message of “love versus hate”. Captured in a line and placed on a poster that came up in Mumbai, the position is simple: nafrat se nahin, pyaar se jeetenge (We will win not with hatred but with love... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Taxes, Global, RBI, India politics, Indian economy, GST
The annual study of State budgets released this month by the RBI comes amid important developments in the fiscal architecture of the Indian federal system. The Central government has a revised FRBM framework with the fiscal deficit alone as the target variable, which will be mirrored sooner rather... read more

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