Sunil Jain

Sunil Jain, Managing Editor of Financial Express, writes extensively on regulatory failure and uses data to expose policies such as those on reservations in education and employment. He has written two books using NCAER’s annual household surveys of income and expenditure and is a co-author of Caste in a Different Mould which examines the role of education, location and occupation in determining the difference in incomes across various caste groups.

The devil in the details continues to trip angels

Tax circular on angel funding doesn’t help much and, in any case, only applies where tax orders not passed.

angel tax, start ups News

Will PM Modi push farm reform through universal basic income?

The govt has wasted four years already, but can revolutionise both agriculture and fix subsidies if UBI is done well.

agriculture sector, agricultyre industry, pm narendra modi, narendra modi News

HAL lessons for PM Modi: What other PSUs can learn from govt’s Rafael defence

Given how complicated and sophisticated fighter aircraft manufacture is, the criticism of HAL may be excessive, especially since there is no well-established vendor base in the country to source parts from.

Opinion News

Monsanto wins patent battle at SC, but govt policy ensures the win means little

SC rejection of govt claim that patent is illegal will help all biotech firms, but govt policy keeps new seeds away.

cotton, cotton market, bloomberg, donald trump, donald trump jr, us china trade war, india cotton News

Modi’s upper-caste reservations card can help get 55 million households voting for him

Instead of winding down quotas, they are being raised, so even less space for the truly meritorious to make it.

pm narendra modi, narendra modi. 10 pct reservation, 10 pct reservation for upper caste, upper caste reservation, modi government, nda government News

Cow equation: Yogi Adityanath govt’s new cess is proof of havoc wreaked by gau rakshaks

Yogi Adityanath needing a cess to build cow shelters is proof of the havoc wrought by gau rakshaks and govt trading rules

cow shelter, cow cess, Uttar Pradesh, Yogi Adityanath, BJP votes,Uttar Pradesh chief minister  News

PM Narendra Modi’s interview: Some reassurance, some rhetoric

Waiting for SC outcome on Ayodhya welcome, as is not pushing farm loan waivers; statement on RBI unconvincing

narendra modi, ram temple, ayodhya, congress, lynching, maharashtra, loan waivers, gst, Arun Jaitley, urjit patel, narendra modi interview News

Rational Expectations: Fix government policy, or NPAs will rise again

Telecom and power sectors’ debt alone is `5 lakh crore, so sensible govt policy critical to ensure defaults don’t rise in these sectors.

Opinion News

Course-correcting in the new year

Losing critical state elections, standoff with RBI, and the farm fiasco overshadow Modi’s good work, make him look vulnerable

Prime Minister Narendra Modi, PM Narendra Modi, PM Modi on Ram Temple, PM Modi on Ram Temple Ordinance, Ram Temple, PM Modi on Ram Temple Ordinance News

New e-tail policy makes little economic sense

Policy to stop back-door FDI bans commercial tie-ups & even store labels. But unfair to change rules after billions of FDI dollars came in.

FDI in retail News

Govt needs WhatsApp info to stop terrorists, but such powers have been grossly abused before

The draft guidelines that are being debated right now talk of content that is grossly harmful, harassing, blasphemous, defamatory, obscene etc.

it act 2000, whatsapp, whatsapp web, whatsapp decrypt, how to send stickers on whatsapp, whatsapp download 2018, how to make christmas tree, News

Less taxing solutions for startups

An IIT/IIM panel to resolve the issue of tax-treatment for startups a good idea; indeed, do this for others as well.

Industry News

Farm loan waivers: Rahul’s wrong, but so is Modi

Loan waivers to farmers are no favour, they are being given to compensate for not giving them market prices for crops

Opinion News

Trai caught napping, again – It has no realistic model for calculating spectrum prices

It has no realistic model for calculating spectrum prices, and TDSAT rips into it on predatory-pricing recommendation.

Opinion News

Rational Expectations: Brand Modi can’t just be ‘not-Rahul’

Instead of Congress-bashing, Modi must focus on what he has delivered & what he plans to—voters are more likely to like that.

rahul gandhi, pm narendrs modi, narendra modi, congress, bjp News

RBI reduced to a government department

Urjit Patel’s resignation shows up the govt in a poor light, of one unwilling to accept an independent RBI Governor

Opinion News

Express IT Awards: Will UPI kill cards? Read what experts say

Express IT Awards debated whether UPI would cannibalise cards within a few years. What emerged, however, was a larger story, of democratising credit, of digital diplomacy and the value of Big Data.

Industry News

Rational Expectations: Not UPI vs Cards, it’s about credit

UPI payments catching up with cards fast, but the real success is what it and e-tail/GST, etc, are doing to democratise credit

Opinion News

Cairn ruling means any export can be banned

On the face of things, the government not allowing Cairn to export its share of the crude oil produced from its Barmer field in Rajasthan, and the Delhi High Court judgment upholding this, are in the country’s best interest

Opinion News

Will we miss the bus? Can India benefit from US-China trade war?

Nomura’s analysis of the second China opportunity examines two types of scenarios; a short-run one where China/US import more from other nations and a medium-term one—if the war drags on—where suppliers in China decide

Opinion News

Govt’s real telecom pain starts now with likely defaults

Top telcos are staring at the possibility of getting rated as ‘junk’, others are finding it tough to pay spectrum dues.

Industry News

WhatsApp causing fall in telcos’ revenues? But calls/SMSes are anyways free!

Trai wants to regulate WhatsApp when telco problems are far greater, and when calls free, can’t blame WhatsApp for fall in industry revenues.

Opinion News

Modi Mantra: Expanding road, railway and river networks to help boost GDP growth via increased productivity

Along with Piyush Goyal, the work on expanding road, railway and river networks will help boost GDP growth via increased productivity

Opinion News

RBI and SEBI should help rating agencies make better evaluation. Here’s what needs to be done

Raters can rate better if RBI/Sebi make default data public 24x7, and if boards ensured firms are run honestly and efficiently.

sebi, rbi, central bank, economy, india economy News

Tyranny of the elected in RBI vs Govt? The Reserve Bank has got it wrong many times, so have lawmakers!

Of course, regulators like RBI get it wrong many times, but this doesn’t automatically mean elected representatives get it right each time, or that only they are punished for getting it wrong

Opinion News

Centre vs Central Bank: Govt can’t second-guess RBI, time to work together

Can’t question RBI call on PCA or say regulators aren't accountable – if govt has misgivings, have a debate with technical experts.

Economy News

Bye, bye, plastic: Are credit, debit cards becoming redundant?

Interoperability guidelines and Bharat QR could help UPI overtake debit cards in just a few years

Opinion News
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