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.
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Articles By Sunil Jain

499 Articles

What can revive India’s GDP growth — consumption and investment

Budget 2019-20: Cutting corporate taxes, or RBI cutting repo, won’t help much if the government’s policies are seen to be hitting investments.

Union Budget 2019 India,Budget 2019 India News

Trai is the judge and Trai is the jury!

The current case pertains to RJio asking Airtel etc for Points of Interconnection (PoIs) in June 2016 to enable its subscribers to talk to those on Airtel etc’s networks.

Opinion News

NBFC crisis keeps getting worse, wait-and-watch by govt isn’t quite a solution

In the case of IL&FS, for instance, apart from the issue of how much of the group’s debts are related to assets on the ground and how much of this was inflated, it is becoming clear that there aren’t that many buyers of i

NBFCs can now raise funds at lowest cost as bond spread falls (Representative Image) News

IL&FS case: Govt gets tough with auditors, at last

It is not just auditors & raters that got it wrong in IL&FS, so did RBI and other regulators. Govt needs to fix its rules and there has been little or no action on reports of siphoning funds by using opaque structures

PWC is the latest to resign, as an auditor of Reliance Capital and Reliance Home Finance. News

After Arvind Subramanian questions GDP data, India’s growth mystery deepens even more

Former chief economic advisor Arvind Subramanian estimates India’s GDP grew by just 4.5%, not the 7% that official data claim.

IMF, world economy, GDP growth, china, india, gender gap, agricultural News

Don’t arrest farmers for sowing next-gen GM cotton and Bt Brinjal, address their issues

The benefits of Bt Cotton in terms of both increasing yields as well as farmer profits are well known, and that is why almost all the cotton acreage in the country is based on Bt Cotton; and as a result of the surge in produc

BT Cotton, BT Cotton industry, BT Cotton industry in india, herbicide-tolerant, Indian farmers, kharif season, genetically modified crop, GM cotton seeds, cotton farming, Indian cotton farmers, cotton farmers, cotton crop, bt brinjal farming, Narendra Modi Govt News

Budget 2019: Slashing tax rates is a good way to boost collections; here’s why

Union budget 2019 India: Hiking surcharges on higher income brackets tempting, but won’t help as much as cutting rates to get more into tax net

Budget 2019 India, Nirmala Sitharaman, interim budget,  income taxes, tax rates, Direct Taxes Code, GST, demonetisation, income-tax returns , income tax collections News

Cut budget size, time to get real

Taxes won’t grow anywhere near the target, so govt investment will slow; in which case, where will higher GDP come from?

Budget 2019, nirmala sitharaman, Piyush Goyal, NDA government, arun jaitley, Modi government, finance News

Collapse in GDP means Modi has to push for sweeping reforms

Amit Shah will be a tough home minister & Nirmala Sitharaman brings in experience, but how they perform depends on PM’s appetite for change

GDP, India GDP, GDP growth, arvind subramanian News

For new Modi govt, protecting investor interests critical

If large swathes of private investment in infra have turned NPA, govt must provide a solution; critical for raising investment level.

Narendra Modi News

Not just an FM, Jaitley’s counsel will be missed

The economic trough makes his successor’s job that much tougher, though the final decisions are always those of the PM

Arun Jaitley News

What’s the best way to divide India?

After Modi’s victory, some commentators spoke of a ‘toxic masculinity’, others of India’s soul ‘lost to a dark politics’, even of a country plunging into a ‘moronic inferno’.

PM Narendra Modi (Reuters photo) News

Modi 2.0: Push market reform to revive growth

Market access is critical for farmers to get better deal; cash transfers will ensure even poor get fair share of subsidies. Reviving the power sector also needs market reform and sectors like oil and mining can’t get a boos

lok sabha results, lok sabha counting, narendra modi, market reform, rahul gandhi, bjp, amethi, smriti irani, rahul gandhi, congress, lok sabha election result, lok sabha chunav, lok sabha eelctions 2019, lok sabha seats in UP, lok sabah election dates, lok sabha chunav 2019, lok sabha result News

More support for I-regret-collegium

With Justice Kurian regretting his collegium-support, the anti-NJAC ruling could have been 3:2 instead of 4:1 and that could have persuaded a third judge to come around—a case of repent at leisure.

CJI, Ranjan Gogoi, PM modi, Allahabad HC, SN Shukla, Rajya Sabha, india news, supreme court, allahabd court News

Google Pixel 3a Review: Retains the best AI features, and adds a few new ones at half the price

The 3a series offers users the facility of an e-SIM. This means users can, theoretically, have two numbers on the Pixel, though the current software doesn’t allow both to be operated at the same time.

The 3a series retains the best Artificial Intelligence features, and adds a few new ones at half the price News

An apology for justice, where is this going to stop?

Supreme Court erred badly in insisting that Priyanka Sharma apologize for re-posting a meme; should have censured WB cops

Priyanka Sharma, West Bengal police, Mamata Banerjee morphed image, Supreme Court, Balakot strikes, lok sabha elections 2019, kolkata voilence News

Reservations: Now merit is even less about marks!

SC gets over Nagaraj’s maintenance-of-efficiency rule by redefining merit as something that delivers ‘societal’ value.

Opinion News

As the CJI Gogoi case confirms, judges are now a law unto themselves

Judges appoint/promote themselves, there is no mechanism to sack corrupt ones; and now, they conduct their own inquiries.

As the CJI Gogoi case confirms, judges are now a law unto themselves

SC does well to reject the forced NSEL-FTIL merger

It went against the principle of limited liability, didn’t satisfy the criterion of ‘public interest’ & attached assets covered the liability.

Opinion News

Supreme Court needs to pause before directing RBI to make bank inspection reports public

Supreme Court rulings on RBI seem contradictory. Also, making bank inspection reports public can trigger a panic, so caution needed.

Opinion News

Apple & Qualcomm are FRANDs again!

Apple settled with Qualcomm as few others had its technology edge; the move also settles the canards about excessive royalty

Apple & Qualcomm, Qualcomm revenues, Samsung, 5G modems,  Ericsson, FRAND basis, TRAI News

CJI case caught in harassment-vs-conspiracy tangle, real issues continue to get ignored

The real issues are about how judges select judges and SC scrapping NJAC Bill. Similarly, the Judicial Accountability Bill would have meant independent review of complaints, but that never saw the light of day either.

Ranjan Gogoi News

Investigate harassment case against CJI Ranjan Gogoi, don’t pre-judge it

It is possible, as CJI & FM Jaitley have argued, that this is a hit job, but a complete investigation of the facts is essential.

Ranjan Gogoi, CJI harassment case News

By fielding Sadhvi Pragya, BJP has made the election about Hindutva, not development

Digvijay Singh is the father of the so-called ‘Hindu terror’ story, and there are big gaps in the case against Sadhvi Pragya, but Singh can’t be fought by someone who has still not been cleared by the courts.

Sadhvi Pragya News

What matters in this election! Is it jobs, GDP or caste or Hinduism?

Jobs and low inflation didn’t help Vajpayee, caste didn’t save VP Singh/Mulayam/Mayawati/Lalu; evidence on GDP mixed.

Opinion News

SC ruling on Rafale big win for media, but not a loss for Modi either

Big SC win for media as govt can’t invoke OSA to hide secrets, but govt should use the chance to argue merits of its decisions.

Rafale News

When everyone, from Modi to Rahul and Mayawati, are flouting rules, what is Election Commission to do?

If Election Commission bans party chiefs for flouting its directives, all hell will break loose; parties need to ponder over this possibility.

Election Commission News
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