Columns

By: Ajit Ranade
Category: Common citizen, Inequality, Sustainability, Taxes, China-India, Global, Jobs, India politics, Indian economy, Inclusive growth
India’s female labour force participation rate (LFPR) has fallen steeply in the past thirteen years. This is the ratio of females who are doing paid work as a proportion of the total women of working age. The decline is actually a longer term phenomenon. As per a report from the International... read more
By: Ajit Ranade
Category: China-India, Global, Jobs, Indian economy
India and China together account for two fifth of humanity. They are neighbours, and as independent nation states, were born roughly at the same time. They have ancient civilisational links, although geographically separated by the highest ice covered mountains of the world. The relationship... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Sustainability, India politics, Indian economy
We have seen a heated debated on one of the terms of reference of the 15th Finance Commission that mandates it to look at the 2011 census data for population. This changes the practice of keeping the reference point at the 1971 census data, anachronistic in our times but still providing comfort to... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
Given the surcharged political atmosphere, it is no surprise that trust in the words of the Finance Minister is low. Apart from that, there are messages embedded in the terms of reference, like “quality of expenditure” and “control in populist measures” that the States fear may expand the remit of... read more
By: Ajit Ranade
Category: Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy
Much of this fits with President Donald Trump’s rhetoric and anti-trade stance. He believes that the world treats America unfairly, in benefiting from open borders and low import duties in US, and access to its consumers, but not reciprocating by keeping their own countries protected behind high... read more
By: Arun Maira
Category: Common citizen, Governance, Sustainability, Taxes, China-India, Global, Jobs, India politics, Indian economy
The over-arching goal of a society should determine how trade must be regulated. If the over-arching goal of humanity is to increase the size of the global economic pie, all barriers to trade must be removed. Each country should produce only what it can produce most competitively and buy from... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Global, Jobs, India politics, Indian economy, Inclusive growth
We have been taken too far away from our natural moorings and there is now value and opportunity for those who can help the nation pull back from the brink. Mamata has stood out at least for now and the message should be that voices like these can drive new equations that the BJP cannot afford to... read more
By: Usha Thorat
Category: Common citizen, Inequality, Global, RBI, India politics, Indian economy, Inclusive growth
Getting the inflation projection even nearly right is tough, especially when a huge component is food and fuel. Hence RBI has to necessarily act on the basis of the drivers of inflation. A reading of the more detailed monetary policy report accompanying the resolution does not throw much more light...
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Taxes, Global, RBI, India politics, Indian economy, Inclusive growth
The MPC resolution way down refers to the twin balance sheet crisis in these words: “…it is especially important that domestic macroeconomic fundamentals are strengthened, deleveraging of distressed corporates and rebuilding of bank balance sheets persisted with, and the risk-sharing markets... read more
By: Himadri Bhattacharya
Category: Common citizen, Taxes, Global, RBI, India politics, Indian economy, Inclusive growth, GST
The central message flowing out of this survey is loud and clear: continuance of the neutral stance for some more months with a good chance of a rate hike towards the end of the current fiscal. The G-sec market, which saw a sharp rebound in the latter half of March, saw decent rise in prices after... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
One of the significant global trends these days is the rise of protectionism. Prime Minister Narendra Modi identified this as one of three major global challenges in his speech at Davos earlier this year. The rise of protectionism is closely identified with the trade policies articulated and now... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, India politics, Indian economy, Inclusive growth, GST
These days there is much hand wringing about the unfair treatment of the southern States in their share of tax resources of the nation.  For the moment, leave aside the fact that this controversy gets much of its fuel from the current election and campaign rhetoric. So let’s focus on the... read more
By: Dr. T.M. Thomas Isaac
Category: Common citizen, Governance, Inequality, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
In India, the Union Finance Commissions appointed under Article 280 of the Constitution after every five years is the institution for recommending the vertical division of resources between the Centre and State as well as the horizontal distribution of the devolved resources between the States. In... read more
By: Chetan Dalal
Category: Common citizen, Governance, Inequality, Global, RBI, India politics, Indian economy
The nation can afford nothing less than a full-fledged and transparent account of the letters so issued, the liabilities they raised, how many of such liabilities are still outstanding and how many of them stand extinguished and how. This is, in short, a fit case for a forensic audit across banks.... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Global, RBI, India politics, Indian economy, Inclusive growth
The RBI Governor, Urjit Patel, speaks of the “anger, hurt and pain at the frauds and irregularities”. For once, he puts it plainly: “…these practices amount to a looting of our country’s future by some in the business community, in cahoots with some lenders.” And he adds: “…we are doing all we can... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Philanthropy, Jobs, India politics, Indian economy, Inclusive growth
Within a year, HLL was reporting losses for the first time in its history, sending a worried Chairman straight to New Delhi to lobby with the powers that be. This was to no avail, and the CEO was told to just grin and bear it in the cause of the nation and to help fight the huge spike in inflation... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Jobs, India politics, Indian economy, Inclusive growth
On March 6, more than 10,000 farmers set off on a silent march from Nashik to Mumbai. This march was called by the Akhil Bharatiya Kisan Sabha. Their main demand was transfer of land to farmers as promised under the Forest Rights Act (FRA) of 2006, better prices for their crops, and granting of... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Inequality, RBI, India politics, Indian economy, Inclusive growth
We must not forget that the RBI has a seat on the PNB board. In any case, the supervisory machinery by RBI should have caught on to this mismatch across the banking system. If they have not been aware of such a high magnitude of transaction happening repeatedly, then the whole supervisory machinery... read more
By: Arun Maira
Category: Common citizen, Governance, Inequality, RBI, Jobs, India politics, Indian economy, Inclusive growth
It is unlikely that the conversion of publicly owned enterprises into privately owned ones will, by itself, reduce the rot in enterprises. The fundamental problem is in the design of the enterprise, regardless of who the owner is. Ideologies of public versus private cloud the clarity required to... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Global, Jobs, India politics, Indian economy, Inclusive growth
No amount of effort will yield results when the mind is beset with all the wrong notions and ideas, aired freely and frequently with no one to check the wild and the wayward. Till that happens, the only face of change will be Hema, Rekha Jaya and Sushma made to look better in ads that seem smarter... read more

Pages