The high value note can be withdrawn gradually over a period of two years so as to cause minimal inconvenience to legitimate users.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…
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By Himadri Bhattacharya |
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…
By Sudarshan Iyengar |
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…
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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…
By Ajit Ranade |
The key difference between advanced and emerging economies is in their educational attainment. This was the observation made recently by the visiting Deputy Prime…
By Arun Maira |
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…
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…
By Himadri Bhattacharya |
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…
By DN Ghosh |
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…
By Ajit Ranade |
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…
By Martin Macwan |
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…
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…
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…
By Usha Thorat |
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…
By Ajit Ranade |
The friction caused by the myriad of state level and inter-state taxes will go away, improving the ease of doing business. Just entry taxes alone are responsible for the…