If 140 crore citizens were to get two shots (in reality, 18 years is the cut-off, so 40% are excluded) at a manufacturing cost of, say, Rs 500 at the upper limit, then the cost would be Rs 1.4 lakh crore (0.7% of nominal GDP)
On the whole, M Narasimham would have been satisfied with the progress made in reforming banking in India, given the socio-economic conditions in the economy where it is not easy to change systems easily. Where it was urgent,
Robert Mundell may not be as famous as John Maynard Keynes or Milton Friedman, but holds an important place in the pantheon of economists, and the ‘impossible trinity’ will be something that will never move out from the d
All through the year, the markets were not too much enthused by government policies as the series of announcements made under Atmanirbhar Bharat campaign drew an indifferent response. The same was with the Union Budget. There
From their perspective, once government-owned banks are privatised, there is nothing to stop the staff from being rationalised through VRS programmes, which, as seen in some of the leading private sector banks, has always bee
The fight against black money is still on and tax data does not show that there has been encouraging success in this area. Under these conditions, it is best to keep away from cryptocurrencies and illegalise the same.
The path towards total privatisation does involve breaking ideological shibboleths that have been built since Independence. At the same time, is it necessary for the government to actually sell stake to get private ethics in
The government can consider issuing bonds for roads or railways as part of the Rs 12 lakh crore programme to retail investors with a simple payoff matrix. Tax-free bonds have resonated well with investors, so too would these