Finally a Five-Day Week in Banks!
Banks abroad work only five days a week. International financial system works only five days a week. Reserve Bank of India works only for five days a week. The Central Government Offices and most...
Understanding the Great Nicobar Development Project
The crisis at Joshimath yet again demonstrated the perils of mindless development that engenders the fragile ecology and livelihoods in the hills. But such mindlessness today extends from the mountains to the seas. Despite...
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...
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...
Trade deficit to touch all-time high of 7% of GDP in FY23
As India prepares for the next budget, here is another critical issue it needs to focus on: The galloping trade deficit. According to the First Advance Estimate (AE1), released earlier this month, the trade...
Systematically killing public sector banks: Pushing away people to money sharks
It was only after the nationalisation of 14 banks on July 19, 1969, that the banks reached the common people. The main changes that were done included a shift from class banking to mass...
‘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
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
An “Amrit Kaal” which entails feeding 62.5% population with “free” food
How do you describe a nation that is the fastest-growing major economy in the world and also the fifth largest economy in the world
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..
Trade deficits hit $111 billion in November 2022 – up by 135%
Import barriers are self-inflicted wounds which is not only disabling the fourth growth engine – exports – but also increasing forex outflows
The Fiscal Challenges of the Realization of Workers’ Rights: Do They Exist?
For the past 36 years, banks' pensions have not been upgraded. No social security, like universal basic income, is considered. The vast majority of unorganised sector workers (94%) do not have access to provident...
Primer on Wealth Inequality in India
Several overlapping crises afflict the world today – the pandemic and the health crises, an uneven economic recovery and impending recession, the climate emergency, and the question of survival of democracies and institutions with...
When less than 4% of Indian dollar millionaires pay income tax
In FY18, the last year for which disaggregated income tax data is available, only 29,002 ITRs declared income above Rs 5 crore, while Credit Suisse said India had 7.25 lakh dollar millionaires (the wealth...
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