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...
Modi’s ‘Namak’ and the Politics of Welfarism
One of the striking factors in the BJP’s electoral win in the just concluded election in five states is the role welfarism played in overcoming anti-incumbency.
Central flaw in the budget: Irrational reliance on the trickle-down theory
The Prime Minister perfectly summed up his government’s approach to the budget and the underlying economic thinking while briefing his party workers a day after the budget.
Why low tax for the rich means high tax & lower Govt support for the poor
The Indian tax system has been regressive for long with direct tax contributing less than indirect tax – contrary to what happens in developed economies. It is also known that tax incentives benefit corporates...
Who stands to gain if LIC bleeds?
In her last budget speech in 2021, the Finance Minister declared the government's disinvestment plans for the Life Insurance Corporation of India (LIC). Already, amendments to the LIC Act have been made to set...
RBI and its crucial policy impact on Govt Investments
When the economy slows down, the norms and policies of the government and the central bank must be more flexible in order to facilitate easy recovery. Due to RBI's stringent policies on the Investment...
The merger of PSBs- A Failed Experiment!
On 1st October 2017, five associate banks of SBI were merged in the State Bank of India. Dena Bank and Vijay Bank were merged in Bank of Baroda on 1st April 2019, while in...
A Dint on the PSB’s NPA Management
The global economy is in a downward trend, fueled by the 3rd wave of the pandemic. In India, the role of Public Sector Banks (PSB) who constitutes more than 65% of the banking system,...
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