Tipping the Scales: Why We Need to Tax the Ultra-Rich Tipping the Scales
An article series published in Deccan Herald, curated in collaboration with the Centre for Financial Accountability.
A Decade of Write-Offs: How the Govt and Banks Failed to Tackle NPAs and Helped Big Corporations
The government has time and again stated that ‘write off’ does not mean relief to the borrower as recovery processes continue. But in practice, banks are compelled to forgo any hope of recovery.
Changing Financial Architecture
Does configuration or reconfiguration of a nation’s financial system, which is comprised of financial institutions and markets, imply its growth and welfare? The question has a lot of gravity since it helps reconfiguring and/or...
Mind the wealth gap, bridge it with wealth tax
Inequality in India is at obscene levels. While still home to a very large number of people living in destitution, the number of dollar billionaires in India increased from one in the mid-1990s to...
फिर से नोटेबंदी का वार | हमारा पैसा हमारा हिसाब
किसी देश की करेंसी या मुद्रा बस विनिमय का माध्यम नहीं बल्कि उसकी विश्वसनीयता और आर्थिक मज़बूती को भी बयां करती है। लेकिन हमारी सरकार ने एक बार फिर से इनके साथ खिलवाड़ किया।...
Greed has made US banks crash again. Will we learn some lessons! THE MONEY TRAIL
Greed has made the US banks crash again. This time Bond markets failed them. Indian banks are also more into markets while discouraging the public with hefty bank charges, closing rural branches and denying...
Pocket Money
Briefs on what they kept from you about your money this week!
Should we save the Adani investors?
Share trade resembles a local market auction -the anxious traders,their tricks and hacks and the adrenaline raising rounds of bid. Two decades back it was literally so with share traders jumping around most of...
Critically evaluating the proposed amendments to the Insolvency and Bankruptcy Code
Recently the Ministry of Corporate Affairs had sought public comments on changes being considered in the Insolvency and Bankruptcy Code 2016. In consultation with experts and civil society we submitted our responses to the...
States cessed out
Cesses collected in early independent India were intended to aid the development of specific sectors. The different finance commissions from the Fourth Finance Commission disallowed the inclusion of cesses to the devolution pool as...
Budget of the decade; will she remember the common people — for a change! THE MONEY TRAIL
The Money Trail Will our Finance Minister align with the common people this time? Will she accept that the economic slowdown is predominantly a demand crisis and not because corporates are not motivated enough?...
‘Car economics’ to explain India’s skewed growth model
Somewhat like ‘thalinomics’ of Economic Survey of 2019-20 which measured household incomes and “dosa economics” of Raghuram Rajan in 2016 to explain inflation, ‘car economics’ explains the higher-growth-higher-inequality paradigm
Did the Supreme Court really vindicate the Modi government’s demonetisation decision?
The BJP is projecting this judgement as an endorsement of its move. But the court only commented on narrow point of the legality of demonetisation.
Time to press the panic button: Job loss is widespread and galloping
India has officially acknowledged that 62.5% of its population or 813.5 million people are extremely poor and need to be fed
RBI, Artificial Intelligence, Machine Learning and MNCs – Dangerous proposal – Must be dropped
When RBI is refusing to disclose details of borrowers whose loans are written off except in the case..
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