Columns

By: Ajit Ranade
Category: Common citizen, Governance, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, GST
The Standing Committee on Energy in its thirty-seventh report to the Lok Sabha said that there are 40,000 megawatts of power projects which are under financial stress. These are on the brink of becoming non-performing assets, and may have to go through bankruptcy. This represents more than 10... read more
By: Ajit Ranade
Category: Common citizen, Governance, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, GST
The two reports serve to highlight macroeconomic concerns as we head into an election year. Consider some of the challenges. The Consumer Price Index (CPI)-based inflation is now at 5 per cent. This is already showing an upward momentum, especially in non-food prices, which include education and... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
A recent report from the globally renowned Brookings Institution shows a dramatic reduction of poverty in India. As of May 2018, India has 73 million people living in extreme poverty, as against 87 million in Nigeria. For the first time, India does not house the maximum number of extremely poor... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Inequality, Taxes, China-India, Global, Jobs, India politics, Indian economy, GST
We are on the edge of a full-fledged trade war. The U.S. has raised tariffs, China is hitting back and businesses are watching worriedly as tensions rise and uncertainty grips the market. Amid this flexing of muscles comes a story from a place in the U.S. State of Missouri called Butler County,... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy
The Rupee is falling. We are within striking range of Rs.70 to the US dollar. In intraday trade, the currency touched an all-time low of Rs.69.10 in the last week of June. The nosedive has raised alarm as the rupee becomes the worst performer among currencies. There are many questions from every... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
Eight years and 17 reports later, it is not clear if “pre-emptive” actions have worked to control some of the messes that are all too obvious in the system. One of the key failures remains the rising tide of Non-Performing Assets, or NPAs, which stands out in the latest FSR as one of the deeper (... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
The perception of safety of deposits in public sector banks is because of an implicit guarantee that the main “owner” or shareholder, i.e. the government of India, will never allow a PSB to go belly up. Depositor money is thus “safe” in a PSB and, as records reveal, no PSB has been allowed to fold... read more
By: Vappala Balachandran
Category: Common citizen, Governance, Inequality, China-India, Global, Jobs, India politics, Indian economy
A Brookings paper (June 8) quoting US defence sources said: “Adding the Indian Ocean to the mix dilutes China’s influence: It increases the size of the pond and adds other fish that are less amenable to swimming to its tune”. In other words, it was a strategic ploy for drawing China out into a... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy
The central banks of US, EU and Japan, for almost a decade, followed a policy of printing money, and kept interest rates near zero so as to induce more lending by banks and more credit growth. Bank create money supply by a process of credit creation. Ballooning debt also means rapid increase in... read more
By: Arun Maira
Category: Governance, Inequality, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The inability to ‘pick winners’ with certainty in a dynamically changing world is the principal argument of liberal economists who oppose the very idea of governments developing industrial policies. New technologies can change the shapes of manufacturing processes and disrupt historical sources of... read more
By: Ajit Ranade
Category: Common citizen, Inequality, China-India, Global, Jobs, India politics, Indian economy
China will import 8 trillion dollars of goods and services in the next five years, a commitment announced by President Xi himself. This is a fantastic opportunity for India’s entrepreneurs. India must also do more to woo more Chinese tourists here, and achieve a 100 percent growth at the very least... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Global, Jobs, India politics, Indian economy, Inclusive growth
However, the real strength and appeal of these messages is more in the way everyday people can relate to, practice and engage with them. No official telling, however strong the arc lights, can match up to the pull and power of citizens taking the message forward and making it a part of their lives... read more
By: Usha Thorat
Category: Common citizen, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
Given the global conditions, Fed rate hikes, capital outflows, elevated oil price rise, closing output gap, rising current account deficit and the likely pressures on the fisc in the run up to 2019, a rate hike seemed a foregone conclusion. These coupled with the recent rise in core inflation and... read more
By: Himadri Bhattacharya
Category: Common citizen, Global, RBI, India politics, Indian economy, Inclusive growth, GST
MPC's unanimous decision for a rate hike that has come after a gap of more than four years took note of the prevailing good domestic demand condition, particularly in the rural areas on the back of a bumper harvest and the government’s thrust on rural housing and infrastructure. As already... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Taxes, Global, RBI, India politics, Indian economy, Inclusive growth, GST
The overall growth signals both from the demand side (consumption and investment) and supply side (agriculture, manufacturing and services) are encouraging. There is a consensus that there are signs of revival of investment activity with manufacturing output showing strong revival and indicating... read more
By: Ajit Ranade
Category: Common citizen, Governance, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The PM after his unprecedented electoral victory in May 2014, was soon blessed with an unexpected bounty, in the form of a steep fall in oil prices. This led to considerable saving in the current account, in the oil subsidy and in bringing down inflation. The fiscal benefit to the government during... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Inequality, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, GST
It was less than a year ago that the government put out some sure shot views that in sum said: “oil prices are broadly capped”. The words came in the Economic Survey 2016-17 Vol. 2 of Aug.2017, which reported with rather uncanny surety, “Shale technology will ensure that prices cannot remain above... read more
By: Ajit Ranade
Category: Common citizen, Inequality, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The economy is heading into adverse macro winds as we begin this fiscal year of 2018-19. By the end of this year or later, we will also have national elections, which are always a disruptive factor for the economy. The current adverse macro winds have four reasons. Firstly, the rupee is... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Inclusive growth
Ordinary people must have the right of way, they come first, and that this is the only way Mumbai can thrive as a remain the city that recognises the contribution of all sections of society. And this is a message that can be taken across all of urban India. We may still take ideas and support from... read more
By: Ajit Ranade
Category: Common citizen, Inequality, Taxes, Global, RBI, India politics, Indian economy, Inclusive growth, GST
The constitution of India laid out clearly in its seventh schedule which legislative and policy areas would be with the Centre and which would be with the States. There are three lists in the seventh schedule, called the Union list, the States list and the concurrent list. This demarcates not only... read more

Pages