Vikram and Vikaas: Where will the economy go next?
Economic data are subject to large measurement errors. So, 5% is really somewhere between 4% and 6%. Those who fancy they are driving the economy have fuzzy, steamed-up front-view, but even their rear-view mirror is hazy.
Kashmir: No longer a bilateral issue, but a global concern
After 1989, when the Taliban and related Islamist terror organisations poured in from across the border, J&K was ethnically cleansed of Pandits as New Delhi watched.
Indian economy: Growth and cycles
Concurring with the view that the economic slowdown was cyclical, the recent Reserve Bank of India analysis called the three-quarter slide a down phase, but not a trend reversal
Mohan Bhagwat’s reservation poser needs a debate
Bhagwat wishes all reservations would wither away and Hindus could be a single people.
Economic slowdown: Back to Hindu rate of growth?
The ideological core of the BJP cares nothing about economics. It wants to build a Hindu Rashtra and along that path, they have marked goals such as Ram Mandir, Gau Raksha, Hinduisation of the education curriculum, putting Hi
Lok Sabha election results have established BJP as party of the 21st century
The Modi-Shah team obtained a two-thirds majority in the Rajya Sabha and a better than 5:1 majority in the Lok Sabha, which would suffice for a constitutional amendment.
Brexit and Boris Johnson: How to create a crisis to solve another
The real danger of Brexit is uncertainty. Is Boris Johnson bluffing just to make the EU give him a better deal or is he serious?
Air India, PSU banks, any enterprise wasting public money should be sold off
With the mandate Modi has received, he must deliver on his promise of cutting govt presence in business. Air India, PSU banks, hotels—any enterprise wasting taxpayer money should be sold off.
Budget 2019: Nirmala Sitharaman’s focus was on long-run developmental goals, not short-run political gains
Union Budget 2019: The Budget was for the long term and concerned with growth. Issues of water, energy, and environment (e-vehicles) were put in the front.
Budget blues: Why govt isn’t the sole determinant of economic growth
Budget 2019-20: Indian politicians and economic commentators put too much faith in the idea that the government is the sole determinant of growth or stagnation.
Economy or employment: Why numbers don’t tell the whole story
India used to enjoy a good reputation with regard to the quality of its statistical services
Digitise the vote: No reason why, by next Lok Sabha polls, India shouldn’t have made casting votes remotely possible
There is no reason why, by the next general election, India shouldn't have made casting votes remotely possible. In fact, it will save a lot of election-related expenditure.
Fintech is redefining financial services landscape in unprecedented ways
Whatever the conceptual problems, monetary policy won pride of place, and a Great Moderation prevailed between Keynesians and Monetarists.
Why Modi could win the upcoming Lok Sabha election
Modi has delivered more than growth and low inflation—no previous government prioritised cleanliness/sanitation or a cleaner alternative to burning coal/wood for cooking that affects women’s health.
Brexit: A minor miracle is required to come to a decision in time
No proposal may again command majority. Then the UK falls out without a deal and without a transition period on April 12. If so, the economic consequences are the least of the problems.
Why opposition feels it has lost the best chance of defeating Modi
Opposition feels it has lost its best chance of defeating Modi. BJP, on the other hand, is secretly happy that all ‘real’ issues can be forgotten.
To retaliate against Pakistan, what choices does India have?
What the Army will do is quite properly a secret and no amount of outside advice is going to matter. It will, however, alter the dynamics of the election and has to, thus, be of limited duration.
Modi vs Grand coalition: What will the 2019 Lok Sabha election be about?
The difference between the two sides is not so much in economic ideology but in execution of programmes. Modi has been criticised for over-promising but he has not underachieved relative to the UPA-II.
Jobs puzzle: Confusion over use of flexible vs formal jobs in calculation
If the economy has been growing at 7% on average for five years, a 10% drop in employment would imply a 17% rise in labour productivity which would be the highest ever in the world
Brexit is a lesson in democracy
Theresa May could establish a majority if she can attract the support of the Remainers with a compromise solution, isolating the hard Brexiteers.
A sad anniversary: 50 years of bank nationalisation
It’s been 50 years since bank nationalisation and it would have made more sense to provide private commercial banks incentives to open rural branches rather than nationalise them
A new game: New year starts with a bang as PM Narendra Modi gives 90-minute interview, says Meghnad Desai
The central issue of the interview was the Prime Minister as he is of the forthcoming election.
Loan waivers: Rahul is wrong, so is Modi
Debt cancellation does not solve the problem of farmers' distress but exacerbates it because it reinforces overproduction and loss making. It may be politically appealing but is economic nonsense.
The GDP game: Achieving high growth rate enough? What about factors like inflation and wage growth
There is a wonderful naïveté about the desire to register not just a high growth rate but one higher than the one the previous government achieved
Bipartosanship calls: What Indian politicians should learn from UK
There are no platforms to debate development or Kashmir or China policy. No debate of national interest and no politics in fact.
Brexit challenge facing the UK – No deal meant no movement of goods across the EU
No deal meant no movement of goods across the EU. Delays would be endemic. Fruits, vegetables, vital medicines and fuel deliveries would all be delayed as checks would be required.
RBI vs Government: Quantum of reserves is technical aspect, a referee is needed to resolve the crisis
Since the GOI does not agree with RBI, the only way to answer the question is to consult an outside expert who has done a similar task for another monetary authority.
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BUDGET 2019
- Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1
- Budget 2019: Hike in import duty may dampen the gold rush
- Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
- Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
