


The curious case of Cash App; Hindenburg’s latest victim
Hindenburg, which became a household name with the expose on Adani, is out with a new report. This time it is the mobile payment company based in the US, Block Inc. It has alleged...

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...

Budget Analysis 2023: Taking People for a Ride
Be it the Global Risk Report 2023 or the RBI’s own Financial Stability Report, everyone today acknowledges that the world is staring at a rather grim future, and India is not immune to the...

The State of Finance in India Report 2021-22
The State of Finance in India report is a first of its kind that expands the domain of finance and economics beyond the confines of ivory tower experts.

While the RBI was sleeping…
Nearly a month after Maruti Suzuki chairman RC Bhargava raised a stink by saying that people’s ability to buy small cars has eroded and would continue to decline next year and national dailies reported...

The Global hunger Index – India denying its own data!
The Global Hunger Index has placed India at 107th position below Pakistan, Nepal and even Sri Lanka. The Indian government reacted with a strong rebuttal, alleging flawed data collection, poor methodology and conspiracy to...

India’s demographic curse in waiting
Human capital development is critical for the growth and development of any economy, but that is where India remains a global outlier, in spite of having entered the “Amrit Kaal” and becoming the fifth-largest...

Windfall tax on corporations goes as 5% GST on food items kicks in
In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July...

When Finance Ministry takes to fakery
It is absurd for the ministry to say 5.5% inflation in FY22 didn’t hurt the poor and even more so its claim that a fall in inflation from 6.2% in FY21 to 5.5% in...

IBC’s stressed asset resolution is under severe stress, needs overhauling
Everything that can go wrong is going wrong with the big-ticket “reform” Insolvency and Bankruptcy Code (IBC) of 2016, which was sold as the panacea for stressed asset resolutions (NPAs).

What is wrong with the language of neoliberal economics?
Have you ever wondered why food and fertilizer assistance to poor citizens is called “subsidy” but tax assistance (tax cuts, tax holidays etc.) to rich corporates is called “incentive” or “stimulus”? Or why when...

वित्त: एक प्रवेशिका
सेंटर फॉर फाइनेंसियल एकाउंटेबिलिटी (सीएफए) द्वारा प्रकाशित वित् पर यह प्रवेशिका (प्राइमर), वित्त के विशाल और उभरते कैनवास में जिन विभिन्न अवधारणाओं, साधनों और नीतियों का आमतौर पर उपयोग किया जाता है, उनका एक बहुत ही सक्षम वर्णन प्रदान करता है। जो कोई भी भारतीय अर्थव्यवस्था में बैंकों के साथ ही कॉर्पोरेट्स के वित्तीय लेनदेन की फैलती दुनिया से परिचित होना चाहता है, उसको यह प्रवेशिका अवश्य पढ़ना चाहिए। मैं सभी – छात्र, शोधकर्ता, आम नागरिक के साथ-साथ मुद्रा बाज़ार के विशेषज्ञ जो सरकार में नीति निर्माताओं के कार्य में शामिल हैं, जो वित्त की समझ बढ़ाने के साथ उससे परिचित होना चाहते हैं,...

Demystifying Finance: A Beginner’s Guide
The Primer on Finance, published by the Centre for Financial Accountability (CFA), provides a very competent account of the various concepts, instruments, and policies as are commonly used in the vast and upcoming canvas...

More Privatisation, less Accountability- How did the Indian Economy fare last month?
In pursuance of its policy of monetisation of national assets, the government earlier this month approved the setting up of the National Land Monetisation Corporation (NLMC). It would be a government-owned company with the...