Book Review: The Power of Not Thinking by Simon Roberts
An argument for embodied experience and how our body uses information effectively
Economics Nobel winners Paul Milgrom and Robert Wilson: Designing the right auction to solve conundrums
The major challenge is to eschew the winner’s curse, and here the laureates argue that the best way out is to place bids below their estimate of the common value
Loan repayment moratorium: Govt paying ‘interest on interest’ is good
The lockdown affected many businesses in ways that made servicing debt difficult; so, this is a good proposal. Interest subvention for those that made timely payments avoids skewing the playing field and preempts any moral ha
Shape of recovery does not matter
U-shaped or V-shaped or W-shaped recovery is nothing but an optical delight. FY21 will be the one where there was economic destruction, FY22 an apology for a recovery, and we may have to look for real growth only in FY23, ass
The farm reforms must be celebrated
The three agri-reforms that have been brought about will be quite positive for the agri-economy, and assurance that the MSP-based procurement system won’t be withdrawn. Of course, if the system works well for farmers, the g
Book review: The shackles of liberalism
Pankaj Mishra writes how tenets of a western world are promoting unequal societies and economies
Reviving growth: India’s not well placed in the global context
A fiscal stimulus can be considered as being expedient under present conditions as there is no other way out. Growth is something outside our control today, which also means that employment will be a challenge for the rest of
Advantages of enlarging the balance-sheet of RBI
The advantage for the government when there is RBI intervention is two-fold. First, there is direct absorption of the debt by RBI, which won’t affect the market as the supply of paper remains unchanged. Therefore, there is
Saving India’s Banks: Creating a framework for restructuring bank loans
Restructuring will mean a loss for banks; so, the government would have to contribute with targetted interest subvention. This cost should be shared between the two
What the India Inc salary cuts could mean
The salary-cuts, amidst the economic pain of the pandemic, have significant implications for the banking sector and NBFCs, Apart from Household consumption
Overdraft: Former RBI Governor Urjit Patel raises red flags as he pinpoints those to blame for NPA
Urjit Patel’s book is refreshingly different and quite hard-hitting, as he debates issues as both a former RBI governor and a critic. Showing a great deal of maturity, he focuses only on issues and not persons.
Stimulating the economy: Is direct financing by RBI an option?
RBI doing 'quantitative easing' by buying corporate paper may not quite work out.
A Wall Street View of Rural India: A book provides a reality check on rural India’s growth story
Another revelation by Sahgal pertains to the extended leverage of this sector and the loan waivers, which are politically motivated.
Takeaways from RBI’s financial stability report on moratorium
The moratorium has been extended by another three months and, hence, a clear picture, on whether these accounts will remain standard or not, will emerge only towards the end of the year
Book Review — Sway: Unravelling Unconscious Bias
Such biases are quite strong and also manifest in terms of conscious bias against a race or community and become all-pervasive.
RBI rate cut: The outlook on inflation makes a strong case for a pause by MPC
The outlook on inflation makes a strong case for pause in the accommodative stance the MPC has taken of late. While SMEs and other business still need access to easier credit, perhaps waiting till the revival happens before c
Tackling China: Emotional rhetoric gaining in decibel in India, but any kind of stringent action doesn’t seem feasible
China can do the same for our exports, but given that we imported around $65 bn and exported around $16-17 bn on an annual basis in FY20, this may not matter in net terms.
India Still a Shackled Giant: Unbiased diagnosis of various problems plaguing India’s economy
A book presents an unbiased diagnosis of the various problems plaguing the country’s economy and some bitter pills as possible cures
Will expanded RBI oversight change cooperative banking?
It has often been alleged that some co-operative banks have political clout. it will be interesting to see how the new structures change the way business is done.
Covid-19: If data collection is incomplete, no point disseminating it as it can only mislead
Coincidentally, RBI has taken the tone of doing everything for growth and hence the inflation number may not matter in the broader scheme of things for the MPC.
Why RBI’s new draft frameworks are path-breaking for banking sector
Draft frameworks on securitisation of standard assets and sale of loans are path-breaking for the banking sector.
Rs 20 lakh crore Covid-19 relief package: Missing demand
The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank.
Book Review: Stop Reading the News – A Manifesto for a Happier, Calmer and Wiser Life
A cautionary note on the heavy deluge of unnecessary knowledge that surrounds us.
Job cuts, zero production activity due to lockdown: What the Centre must do now
A fully Keynesian approach will need to be taken by the government. People are losing jobs and production activity has come to a standstill due to the lockdown.
What the COVID-19 numbers tell us
The next seven days for India will be crucial, and it is absolutely necessary to keep testing more and more people who show symptoms—for only then can we know whether it has spread or is under control
Book Review: ‘Too Small to Fail’ by R James Breiding
A thought-provoking book on why smaller nations have better economies while larger countries lag behind
Challenges for the financial system
Increased borrowing by the government will lead to more spending, ultimately translating into higher inflation
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Top News
- Rational Expectations: Its popularity could be Google’s defence
- Par panel on labour seeks quick decision on enhanced pension
- Getting lean growth right: Businesses need to realise recovery sans labour will not be sustainable
- Festival bonanza: Bonus to govt staff to cost Rs 3,737 crore
- Digital enterprises: Cloud empowers enterprise growth stories this pandemic
- UltraTech Cement's Q2 profit surges over twofold to Rs 1,234 crore
- Tight control on cost has helped report our strongest operating profit: Shyam Srinivasan, MD & CEO of Federal Bank
- Samsung Galaxy Z Fold2 5G: Will the new Fold unfold a new era for Samsung phones?
- StanChart GBS leases 7.7 lakh sq-ft at DLF’s Chennai project for office campus
- Kerala to fix MSP for veggies & fruits, among 16 crops, from November 1
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