The Indian National Interest Review
The biggest risk that the draft financial code poses to Indian economic and financial stability is that it vests tremendous powers in the executive branch of the government. India’s factor… Continue reading "Indian financial code: real risk of financial capture"
Examining the budget for its revenue and expenditure projections and other announcements. Analysing and Indian budget is a tricky job. At its core, it is a statement of government revenue… Continue reading "What is the defining legacy of the Indian budget 2015-16?"
The world needs to be prepared for the possibility that from 2015 onwards, global growth disappoints and asset markets become increasingly volatile as a prelude to commencing their long overdue… Continue reading "An epitaph for central banking"
The recent decisions by the RBI with respect to cash withdrawals are completely bereft of economic and financial reasoning. Two recent decisions of the Reserve Bank of India are retrogade… Continue reading "RBIs recent decisions"
Accountable and transparent organisational structure for implementing PMJDY should be essential for realising the desired societal outcomes. On the occasion of the 68th Independence Day, prime minister Narendra Modi announced… Continue reading "The Jan Dhan Yojna: the key considerations in obtaining desired outcomes."
India’s best response to China’s AIIB voting structure and decision hierarchy is to reform, reduce inflation and grow strongly. The Asian Development Bank (ADB) met for its annual meeting in early… Continue reading "Does Asia need another development bank?"
The political economy risk to the RBI’s institutional credibility. The appointments of central bank governors have become almost as high-profile and important as that of finance ministers. In recent weeks,… Continue reading "Central banking in crisis"
A review of Raghuram Rajan’s Fault Lines
The urgent need to professionalise long term defence planning and budgeting
Defining India’s role in the eastward shift of the world’s intellectual capital
