Tuesday 26 Mar '13Two of the most important committees on financial sector reform in India in recent years—the Raghuram Rajan Committee and the Percy Mistry Committee—have recommended a change in the regulatory architecture.
Monday 28 Jan '13Realistic discussions about whether the Union Budget should propose to remove the securities transaction tax or introduce a commodities transaction tax need to be more balanced than simply saying a complete no or yes to either.
Friday 28 Dec '12Recent initiatives by the government—the postponement of GAAR, FDI in multi-brand retail, and the proposal to set up a Cabinet Committee on Investment, earlier called the National Investment Board, have not started showing up in pushing growth up as yet.
Thursday 08 Mar '12A DMO within the banking regulator creates a perverse incentive … the regulator can achieve low-cost funding of govt debt and reduction in banking sector risk through a high SLR-type mechanism
Saturday 24 Apr '10RBI raised the repo, reverse repo and the CRR by 25 basis points each this week. With this, RBI has given a clear indication to the markets that it will not tolerate higher inflation.
Saturday 21 Nov '09Finance minister Pranab Mukherjee has laid to rest speculations about India imposing capital controls in the face of rising capital inflows. In a recent statement, he clearly said that while the government would monitor the inflows, India is not planning to impose restrictions on capital inflows in the near future.
Friday 26 Jun '09A delay in the monsoon is always painful. This time it has come at a time when the economy is already in the midst of a slowdown. However, fortunately, in the last 15 years, the resilience of the Indian economy to the monsoon has increased.
Saturday 13 Jun '09It has now been some years since the then Finance Minister P Chidambaram had announced that India would implement a full GST from 1 April 2010. Yet, even though we are less than a year away from the date of implementation, there are a number of issues that remain to be solved.
Saturday 23 May '09The Congress manifesto promises a large number of welfare programmes and schemes to help the poor. There are promises to expand the number of schemes, the scope of schemes and the expenditure on them. One way of doing what the party has promised would be to spend more money with business as usual.