The New Indian Express

Section: Articles
By: Ajit Ranade
Publisher: The Morning Standard, The New Indian Express
The institutional autonomy and independence of the RBI is very important for its credibility and reputation. The latter is a precious and fragile thing, and needs to be protected and preserved. But ultimately the central bank’s independence is within the context of the sovereign, represented by the... read more
Section: Articles
By: Ajit Ranade
Publisher: The New Indian Express
Two years ago, a visibly angry Finance Minister, responding to the Reserve Bank of India’s inaction on reducing interest rates, as desired by his government said he would “walk alone” if the RBI would not cooperate. He was referring to the growth process which requires lower interest rates, which... read more
Section: Articles
By: Ajit Ranade
Publisher: The New Indian Express
September 15 this year marked the tenth anniversary of the collapse of Lehman Brothers, a century old gold standard investment bank of Wall Street. Its bankruptcy had a domino effect, leading to a deep financial crisis across United States and Europe. It is now popularly referred to as the Global... read more
Section: Articles
By: Ajit Ranade
Publisher: The New Indian Express
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
Section: Articles
By: Ajit Ranade
Publisher: The New Indian Express
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
Section: Articles
By: Ajit Ranade
Publisher: The New Indian Express
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
Section: Articles
By: Ajit Ranade
Publisher: The New Indian Express
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
Section: Articles
By: Ajit Ranade
Publisher: The New Indian Express
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
Section: Articles
By: Ajit Ranade
Publisher: The New Indian Express
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
Section: Articles
By: Jagdish Rattanani
Publisher: Free Press Journal, Orissa Post, The New Indian Express, Deccan Herald
It has been a muted start to the New Year in Mumbai, where instead of overflowing pubs, bars and restaurants, it is the demolition squad of the municipal corporation that has been in overdrive. As party hot spots and their extensions, encroachments and trespasses come to be investigated, as civic... read more

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