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...
Reclaiming the Right to Unionise
A truly historic development took place in the US earlier this month which has attracted little attention in India. The workers of tech giant Amazon’s New York warehouse forced the second-largest employer in their...
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...
Worshipping Ambani, Adani? Lower tax for the rich ‘means’ higher tax 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...
Book Review: How Mindless Decisions Since 2014 Worsened the Abject Economy We Inherited
Prasanna Mohanty’s 'An Unkept Promise: What Derailed the Indian Economy' looks at the economic landscape of India since Modi took over in 2014 and explains what went wrong based on data and hard evidence.
Faced with grotesque inequality, what can we learn from Chile?
“Chile was the birthplace of neoliberalism, and it shall also be its grave!” said Gabriel Boric, a young student leader from the radical fold who was forged in the protests that has rocked Chile...
The sustained attack on federalism
B. Pocker Sahib, a Muslim League member from Kerala in the Constituent Assembly, was prophetic when he outlined his concerns about the possible impact of centralisation of powers.
Did Indian economy recover? And other stories from financial world | THE MONEY TRAIL
The Money Trail: 𝑭𝒐𝒓𝒕𝒏𝒊𝒈𝒉𝒕𝒍𝒚 𝒗𝒊𝒅𝒆𝒐 𝒎𝒂𝒈𝒂𝒛𝒊𝒏𝒆 𝒐𝒏 𝑬𝒄𝒐𝒏𝒐𝒎𝒚 𝒂𝒏𝒅 𝑭𝒊𝒏𝒂𝒏𝒄𝒆 CFA is happy to share with you a new fortnightly video magazine, The Money Trail, capturing the news and analysis of economy and finance.
The Numbers Behind the ‘Record Recovery’
The claim that there has been a record recovery may seem correct on paper. Comparing the figures for growth in quarter ending in June 2021 - 22 with June 2020-21 there is a 20.1%...
Tata Sons wins Air India with an offer of Rs 18,000 crore
The Tata Group will take over state-owned Air India, marking a successful end to the government’s bid to privatise the national carrier after having failed to sell a majority stake in it in 2018....
Demonetisation caused Indians needless pain. Modi must accept moral responsibility for it
On November 9, 2016, when journalists approached me as the senior vice president of the All India Bank Officers’ Confederation for a comment regarding the demonetisation announcement by Prime Minister Narendra Modi the previous...
No country for young workers: How demonetisation has hurt a generation of Indians
The disruption that the demonetisation of high-value currency notes on November 8, 2016, caused to people’s lives, livelihoods and the Indian economy is still fresh in many people’s memories. The direct impact on the...
The spectacle of organised ignorance: Why Indians have chosen to forget the horror of demonetisation
It has been five years since demonetisation, the surgical strike on November 8, 2016, on India’s high-value currency notes. With hindsight, it’s clear that the high-decibel crusade supposedly aimed at unearthing black money and...
Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this?
While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing high-value currency notes overnight, it simultaneously stirred a serious controversy on the role of Reserve Bank of...
5 years later, it’s even more clear that demonetisation was a disaster for India
The demonetisation of high-denomination currency notes on November 8, 2016, created a nightmare for citizens that lasted several months. Long queues formed outside the banks and ATMs to obtain swap denotified currency notes for...
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