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Expert Take
Rajiv Kumar & Nikhil Gupta Download
Why House Holds the Key -- 28-Sep-22
To make an informed judgement on capex recovery, household finance data need to be looked at

Nitin Goel Download
Token It Easy From Oct 1 -- 28-Sep-22
The Reserve Bank of India (RBI) has mandated tokenisation to start from October 1, replacing credit and debit card data with independent tokens that one can use online, in stores and apps.

Arvind Panagariya Download
Let It Seek Its Own Level -- 27-Sep-22
Economic interest is better served by allowing the rupee to weaken, not rallying behind it.

Dhiraj Nayyar Download
For a Few More K'Noors -- 27-Sep-22
The British crown has passed from Elizabeth II to Charles III. In a few months from now, there will be a formal coronation ceremony for which the crown Jewels will be brought out of the Tower of London.

Shashi Shekhar Vempati Download
Get Chip Off the Shoulder -- 26-Sep-22
Turning aatmanirbhar in silicon-making will also make India a critical cog in the global supply chain

Nishant Chadha Download
Cap Entities, Or Cap the Market? -- 26-Sep-22
Last month, RBI published a discussion paper on charges for payment services (bit. ly/3BLxjPl).

Seema Sirohi Download
India Gets Vocal for Global -- 26-Sep-22
Once more with feeling — India is back to the basics as the voice of the global South while firmly keeping in step with Western friends.

Sachchidanand Shukla Download
Be Wary of QT Se Qayamat -- 23-Sep-22
RBI should not just track rates but also the consequences of the Fed’s quantitative tightening

Arpinder Singh Download
Moonlighting Shadows -- 23-Sep-22
The pandemic has caused a seismic shift in the way organisations work, spanning from the tangible technical aspects to the intangible aspects of enabling a conducive work environment.

Bibek Debroy & Suresh Babu Download
Peter, Paul and Hail Marys -- 22-Sep-22
From the economic viewpoint, distinctions between subsidies for ‘merit goods’ and ‘freebies’ are dubious

N Rajalakshmi Download
Green-Shoot Hydrogen -- 22-Sep-22
Of late, green hydrogen (GH) has been touted as the proverbial Swiss knife for deep decarbonising the energy sector and limiting emissions as per the 1. 5° C pathway.

Arihant Bardia Download
Plugging In Investors -- 21-Sep-22
This year has been a roller-coaster ride for fixed-income investors in India and abroad, the bond markets having swung from uncertainty to despair to hope.

Anil Nair Download
First-Middle-Last Mile -- 20-Sep-22
Last Saturday, Prime Minister Narendra Modi announced the National Logistics Policy (NLP).

Neeraj Kaushal Download
Now to Get Past the Future -- 19-Sep-22
Given global uncertainties, it is wise for India to do some belt-tightening.

Arvind Mediratta Download
A National Retail Policy Please -- 19-Sep-22
In 2019, when the draft National Retail Policy (NRP) was announced, it was met with a lot of optimism.

Poonam Gupta Download
In Defence of Inflation Targeting -- 19-Sep-22
India moved to inflation targeting (IT) in October 2016, after experiencing double-digit inflation for several years.

Omkar Goswami Download
Enough Delaying the Census -- 16-Sep-22
Conducting the postponed 2021 exercise can only provide rich data to aid critical policy options

Rajiv Kumar & Nikhil Gupta Download
Fix Unlisted India Inc -- 16-Sep-22
India’s investment rate, though among the highest in the world, has declined to about 31% of GDP as an average of 2015-16 to 2019-2020 from its peak of 39% in FY2012.

Abheek Barua Download
Keep Calm and Carry On -- 15-Sep-22
Central banks need to be 'credible' and stay the course, come what may.

Arun Mampazhy Download
Chips Are Up for India -- 15-Sep-22
Vedanta and Foxconn have announced this week that they will invest 1.54lakh crore to set up a display fabrication...

Seema Sirohi Download
Goyal Goes to San Fran -- 14-Sep-22
Piyush Goyal’s visit to California last week was primarily aimed at generating more investments for India.

Sunil Sanghai Download
'Paanch Prana' for a Thriving Indian Capital Market -- 13-Sep-22
This year, on Independence Day our Prime Minister gave a call for Paanch Prana from the ramparts of the Red Fort and set a target for the nation for the next 25 years.

Pradeep S Mehta Download
Don't Be Afraid of IPEF -- 13-Sep-22
By joining all pillars of the Indo-Pacific bloc, India can only do its trade ambitions a world of good.

Shantanu Nandan Sharma Download
Aadhaar For Artefacts -- 13-Sep-22
The world's booming antique market often hinges on stolen items from countries like India.

Mudar Patherya Download
India's Stocking Up and How -- 12-Sep-22
Indians are investing in the equity markets like never before — and this is just the (late) start

Steve Brooks Download
Nip This Pharma Threat in the Bud -- 12-Sep-22
Often hailed as the pharmacy of the world, the booming pharmaceutical sector of India has more than doubled its share in exports over the past decade.

Shishir Gupta & Rishita Sachdeva Download
Add Muscle to Urban Local Bodies -- 12-Sep-22
The latest manifestation of negotiating life in the metro is being witnessed in Bengaluru, which is still to come to terms with last weekend's 131 mm rainfall in 24 hours.

Amitabh Kant Download
Let's Hit the Road, EV Rider -- 09-Sep-22
India has an opportunity to technologically leapfrog ahead and be an electric transportation leader.

Srivatsa Krishna Download
States Passing the Buck -- 09-Sep-22
Can any elected government, irrespective of political complexion, just because it was elected, give away freebies in the name of fulfilling the mandate on which they got elected?

Ayush Khare, Divya Srinivasan & Rishita Sachdeva Download
Make Nudge Come to Shove -- 08-Sep-22
GoI's capex push is the key to economic recovery that will spur private investment to pick up

Rajeev Dewal Download
Get the ABC of IBC Right -- 08-Sep-22
The Insolvency and Bankruptcy Code (IBC) 2016 exposes a debtor to insolvency immediately on payment default with consequent loss of reputation and control over business.

Saurav Jha Download
Stronger Than We Think -- 07-Sep-22
Subsequent to striking an alliance with France in 1894, tsarist Russia began holding appreciably more francs in its foreign reserves than before.

Asit Tripathy Download
Up the Growing Game -- 06-Sep-22
India's recent spurt in agricultural exports made the headlines. While the achievement is commendable, there have been wild swings contributed by the policy of 'switch on' and 'switch off'.

Ashwini Vaishnaw Download
India, Give Yourself a Pat -- 05-Sep-22
Eight years ago, the Indian economy was in bad shape. Despite all odds, GoI went on a relentless drive to cleanse the economic system.

Arpit Agarwal Download
Infrastructure Private Unlimited -- 05-Sep-22
In its 76th year as a free country, India has a new, ambitious goal: to be transformed into a developed country by 2047. Every segment of the economy will need to play a role to meet this objective.

Ateesh Tankha & Anjana Menon Download
Workers of the World, Divide -- 02-Sep-22
Why does a person undertake two or more jobs at the same time? To earn more? To secure at least one job? To stay relevant? To belong? To pursue one's aspirations?

Seema Sirohi Download
Biden's CCP: Confused China Policy -- 02-Sep-22
Does Joe Biden's China policy have enough teeth? Or is it a bundle of rhetorical flourishes and fuzzy focus? To be sure, the US Defence Department has named China the 'most consequential strategic competitor'

Sushil Kumar Modi Download
Live Within Our Means -- 01-Sep-22
There is politics in every aspect of our life. An overwhelming portion of it is the political economy, and getting it right is the bulk of the job done. Politics is a long-term game, but shorttermism often yields good results.

Bjorn Lomborg Download
Let Them Have Green Cake -- 30-Aug-22
The hypocrisy of rich countries telling the developing world to switch to renewables is breathtaking

Dhanendra Kumar Download
Stitch Exports in Time -- 30-Aug-22
India is one of the world's largest textile producing and exporting countries, exporting over $44 billion, of which $16 billion pertains to apparel and garments exports.

Anjuli Bhargava Download
Flying In Turbulent Times -- 29-Aug-22
From September 1, life is likely to get marginally easier for India's airlines. For one, there has been an easing of global crude oil prices, which have been on fire for a few months now

Soumya Kanti Ghosh & Ashish Kumar Download
Banking On a Good Old System -- 29-Aug-22
India is going through a structural transformation that is also embracing retro chic. If in fashion bell bottoms are the rage again, and in Hindi cinema storytelling is back with a bang

Anil Nair Download
Neom, The Smartest City of All? -- 29-Aug-22
While we talk about smart cities, Saudi Arabia is creating a cognitive city, Neom, which envisages what a city must provide its citizens 20-30 years ahead of time.

Kevin Rudd, Ban Ki-moon & Arvind Panagariya Download
Three to Make It to Zero -- 26-Aug-22
India's decision last year to step up its climate action and commit to net-zero emissions took the world by surprise. But it is also squarely in the country's own interest.

Nishant Chadha Download
Payments for Payments a Bad Idea -- 26-Aug-22
On August 17, the Reserve Bank of India (RBI) issued a discussion paper on charges in payment systems (bit. ly/3Cv3gxa). This is a positive move. Preventing systemic risk in payments markets, ensuring security

Sunitha Raju Download
Chip Off the New Block? -- 25-Aug-22
Joe Biden signed the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act on August 9. His advocacy in support of the Bill was summarised in his tweet, 'Here's the deal: America invented semiconductors.

Sandeep Parekh Download
Front-Running Ain't Insider Trading -- 25-Aug-22
Last month, the Securities and Exchange Board of India (Sebi) came out with a consultation paper (bit. ly/ 3ThwG7V) on extending insider trading regulations to mutual fund (MF) units.

Johannes Lenhard &Hannah Leach Download
Start Up and Smell the ESG -- 24-Aug-22
Last month, The Guardian in Britain published 'The Uber Files', more than 124,000 confidential leaked documents that reportedly revealed how the taxi hailing app company bent the laws in several countries

Former DG, Election Commission of India Download
The Freebie Stops Here -- 24-Aug-22
'Freebies' — anything given or provided free of charge — bearing as it does negative connotations, can't really claim legitimacy. The large consensus around its undesirability is unsurprising.

Neeraj Kaushal Download
A Toxic, Sexist Sanskaar -- 23-Aug-22
Section 354A (sexual harassment charge) will not prima facie stand against the accused… when the woman (alleged victim) was wearing sexually provocative dresses.

Samidha Sharma Download
Founders, VC Greed -- 23-Aug-22
Last week, Adam Neumann, the once celebrated and later controversial founder of the office-sharing startup WeWork, raised $350 million for his latest venture Flow

Wally Adeyemo Download
Turning On the India-US Axis -- 22-Aug-22
I am in India this week to discuss with leaders from government, business and civil society how India and the US can deepen ties critical to advancing our core economic interest

Dinesh Kanabar Download
Walk the Tax Over Next 25 Years -- 22-Aug-22
The tax administration often gets blamed as being one of the reasons why India is falling behind on the 'ease of doing business' index. But the journey our tax regime, both law and administration

Saurabh Srivastava Download
Founders Must Be Keepers -- 19-Aug-22
For some time now, there has been considerable talk in the media about founders who have displayed unseemly arrogance, shown disrespect for employees or vendors, created toxic company cultures

Dinesh Thakur & Prashant Reddy T Download
The Bill Is Bad Medicine -- 19-Aug-22
The New Drugs, Medical Devices and Cosmetics Bill, 2022, issued by the health ministry for comments, presented a great opportunity to fix long-standing issues pertaining to the licensing of pharmacies.

Ashima Goyal Download
Freebies (Charges Extra) -- 18-Aug-22
The states, as well as the average citizen, seem to think the Centre as Santa Claus. Even economists forgot to worry about debt and wanted more fiscal spend during the Covid-19 pandemic.

Nishanth Vasudevan Download
Stay Up, Smell the Coffee -- 18-Aug-22
The buzz over the recent strength in equities is palpable. Nifty is up 18% from its 52-week low hit on June 17. Foreign portfolio flows have revived. The sharp swings that unsettled traders have subsided.

Joy Bhattacharjya Download
A Kick Up India's Football Admin -- 17-Aug-22
It wasn't the best news for Indian sport on the 75th anniversary of Indian independence. Fifa secretarygeneral Fatma Samoura sent a letter to the All India Football Federation (AIFF) stating that the Fifa council had unanimously decided to ban AIFF for 'flagrant violation of the Fifa statutes'.

Seema Sirohi Download
The Great Retreat, A Year Later -- 17-Aug-22
Afghanistan's first anniversary under the merciless, regressive, terroristfriendly, woman-hating, black-robed Taliban who rule and kill in the name of god was no cause for celebration on August 15.

MUDAR PATHERYA Download
There Was No Moderation In His Existence -- 16-Aug-22
Rakesh Jhunjhunwala proved that one could become a successful professional investor without inheritance, scam, stock manipulation or tax evasion. I spent last morning speaking to individuals about what he meant to them.

Ashish Dhawan & Pramath Raj Sinha Download
Weaponising Knowledge -- 16-Aug-22
On the 75th anniversary of India becoming a free, independent nation, the balance sheet of progress shows, expectedly, areas of great accomplishments as well as areas in which the country has languished.

Harsh Goenka Download
He Bet on the India Story -- 16-Aug-22
He was my boisterous neighbour, full of life and brimming with enthusiasm like the rising sun every morning. Just five days ago, when I met him, he looked a bit frail, so I asked him how he was keeping.

Abheek Barua & Swati Arora Download
Inflation's Worst Behind Us? -- 12-Aug-22
The Reserve Bank of India (RBI) hiked rates by 50 basis points (bps) in its bi-monthly monetary policy on August 5, in line with its aggressive strategy over the past couple of months to tame domestic inflation.

R Chandrashekhar Download
Enhancing Digifficiency -- 12-Aug-22
Despite transformative progress made in the digital and digital payment sphere, it is continuing amid a sea of regulatory uncertainty. Rapid adoption has thrown up new policy and regulatory challenges.

Urjit R Patel Download
Practise What You Policy -- 11-Aug-22
Changing Paradigms — the new book by 15th Finance Commission chairman N K Singh, with 'select insights' by P K Mishra, principal secretary to the prime minister — presents the progress and the unfinished tasks of proximate developmental goals

Vijay L Kelkar & Pradeep S Mehta Download
Untangle Jurisdictions -- 11-Aug-22
Amatter of jurisdiction over regulation of 'debenture trustees' recently reached the Bombay High Court. The question before the court was the jurisdiction of the Competition Commission of India (CCI) over the Securities and Exchange Board of India (Sebi).

Nilanjan Mukhopadhyay Download
The Kumar Who Walks -- 10-Aug-22
Politics is quite a game. There are no permanent enemies, no permanent friends, only permanent interests. Nitish Kumar is the perfect epitome of this adage. He has been Bihar chief minister for almost 17 years

Saibal Dasgupta Download
In Dire Taiwan Straits -- 08-Aug-22
By visiting Taiwan, US House speaker Nancy Pelosi has set several balls rolling. The implications of the visit are much wider than the political rhetoric about saving a smaller democratic state from the threats posed by a large and powerful neighbour.

Saugata Bhattacharya Download
Walk the Policy Tightening Rope -- 08-Aug-22
The fulcrum of policy focus for emerging markets (EMs) central banks, including RBI, is likely to shift to the external environment, away from battling domestic inflation, even as the two are linked.

Louis Kuijs Download
Recovery On Track, Eye on Inflation -- 08-Aug-22
The list of things keeping policymakers up at night is mounting. The good news for India, though, is that its growth prospects remain largely intact. India's policymakers should foster sustainable growth through further supply-side reforms and containment of blanket subsidies and tax cuts.

Nishant Chadha Download
DPB Is Dead, Long Live DPB -- 05-Aug-22
On Wednesday, Ashwini Vaishnaw announced in Parliament that GoI was withdrawing the Data Protection Bill (DPB) from Lok Sabha. The Bill was introduced in 2019 and had been referred to a joint parliamentary committee (JPC)

Manish Sabharwal & Rishi Agrawal Download
One Ring To Join Us All -- 05-Aug-22
Upton Sinclair wrote it's difficult to get a man to understand something when his salary depends on not understanding it. Some banks resisted Unified Payments Interface (UPI). The poverty industry resisted Aadhaar.

Seema Sirohi Download
Hot Pot Shots in Pantsuit -- 04-Aug-22
The suspense is over, but the drama is not. Because, with China, it can be a three-act play. In one of the most tracked flights, US House speaker Nancy Pelosi, escorted by American and Taiwanese fighter jets

Indira Iyer & Soumi Roy Chowdhury Download
Connect to Spend Better -- 04-Aug-22
With close to ?28,000 per capita being spent by the central and state governments on development expenditure, sound public expenditure management is a key step towards creating long-lasting investments in human and physical capital.

Sanjeev Gupta Download
Hit the Road, and How -- 03-Aug-22
The first phase of the ambitious Bharatmala Pariyojana (BMP) is four years late. According to Icra, the first phase is now likely to get completed by 2025-26, against the original schedule of 2021-22.

Dipankar Bhattacharyya Download
Wish Upon a Falling Rupee -- 02-Aug-22
The International Monetary Fund (IMF) last week forecast the world economy would grow 3. 2% in 2022, 0. 4 percentage points lower than its April projection, dragged down by downgrades of growth in the US, China, Germany and India.

Rukshad Davar Download
'Musk v Twitter' Lesson -- 02-Aug-22
The ongoing dispute between Twitter and Elon Musk has brought contractual nuances prevalent in merger and acquisition (M&A) deals under the spotlight, especially the material adverse effect (MAE) clause.

Montek Singh Ahluwalia Download
Treating Our Slipped Fisc -- 29-Jul-22
India's fiscal situation is precarious. But reducing the deficit cannot be the only objective

Neeraj Kaushal Download
Centre Calling the States Profligate -- 29-Jul-22
GoI, BJP and non-BJP states are recklessly competing on doling out freebies

Nilesh Shah Download
Create an Enabling Ecosystem to Make GIFT a Global Hub -- 28-Jul-22
The development of financial services is not only needed for financing the growth of other industries but is also a growth centre in itself.

Poonam Gupta Download
Smart Hands on the Deck -- 28-Jul-22
IMF's latest global growth projections may not be bad news for India if it plays the right cards

Arvind Sahay & Sudheesh Nambiath Download
Goldfinger on the Pulse -- 28-Jul-22
Every once in a while, a market infrastructure institution that can achieve a sea change in the way an industry functions gets its running legs.

Ngozi Okonjo-Iweala, Rebeca Grynspan & Pamela Coke-Hamilton Download
Ride on WTO Trade Winds -- 27-Jul-22
We are in the toughest period the world economy has faced since the creation of the multilateral system more than 75 years ago.

Akshay Tripathi & Alok Tiwari Download
Tribunal To Unclog Infra Projects -- 26-Jul-22
Public-private partnerships (PPPs) have been a ubiquitous feature of the infrastructure scene for some time now. 

Shantanu Srivastava Download
How Green Are Your Greenbacks? -- 26-Jul-22
Last week, Shaktikanta Das announced that the Reserve Bank of India (RBI) will be 'coming out with a discussion paper on climate change and climate change-related risks,'

Anil Padmanabhan Download
Internet Mein Apni Bhasha -- 25-Jul-22
National Language Translation Mission's Bhashini will accelerate internet access for all Indians

Tejesh Chitlangi Download
Give the Finabler a Friendly Push -- 25-Jul-22
In many ways, the International Financial Services Centres Authority (IFSCA) has been an unorthodox regulator. Its aims include making India a global financial business hub, conducting several financial sector reforms, and bringing offshore fund business back from places like Singapore and Mauritius.

Dinesh Takur & Prashant Redddy T Download
A Law Whose Date Has Expired -- 25-Jul-22
Earlier this month, the health ministry unveiled a new Bill to replace the Drugs and Cosmetics Act, 1940. 

Ateesh Tankha Download
Fumigate Crypto-Crawlies -- 22-Jul-22
How long — or, what — will it take the government to ban, or stringently regulate, cryptocurrency?

Vidit Aatrey Download
Turbocharging MSMEs -- 22-Jul-22
Turbocharging MSMEs

Shriya Anand & Gautam Bhan Download
Imagine an Urban MGNREGA -- 21-Jul-22
An urban employment programme should not be just about wage and work but about skilling too

Dipankar Bhattacharyya Download
Gambling Not the Name of the Game -- 21-Jul-22
The issue with taxing casinos, horse racing and online gaming, which the Goods and Services Tax (GST) Council has tasked a group of state ministers (GoM) with, is the treatment of actionable claims that creditors have on debtors.

Peter Swire Download
The Irony in Localising -- 20-Jul-22
The report of the joint parliamentary committee (JPC) on the Personal Data Protection Bill, 2019, continues to form the basis for consideration in the Lok Sabha for the legislation protecting the privacy of individuals.

Indrajit Hazra Download
Stop Chasing Status (Quo) -- 19-Jul-22
Kunal Shah is credible when he says the Indian fetish for status chokes entrepreneurial success

Soumya Kanti Ghosh & Ashish Kumar Download
Privatisation's No Magic -- 19-Jul-22
In his 2021 letter to shareholders, JPMorgan CEO Jamie Dimon had said the future of banks will depend on how well they adapt to the mammoth pace of change, and the size of the competition from payments companies, fintechs and others offering 'banking type services' that remain outside the banking regulatory system. 

Amit Khosla Download
Remittance Route For Investment? -- 18-Jul-22
The consensus is that by the end of 2022, interest rates will jump by 2. 5-3% in a series of further interest rate hikes.

Seema Sirohi Download
INFRUS Structure vs China -- 18-Jul-22
An architect of the India-US nuclear deal wants India to nuke up with French help, and US blessings

Kiran Mazumdar-Shaw Download
Wiring Up Globalisation 4.0 -- 18-Jul-22
The aftermath of the pandemic and the ongoing Russia-Ukraine war have triggered massive disruptions in global supply chains

Bjorn Lomborg Download
'Fertilisers' Isn't an F Word -- 15-Jul-22
Improving seeds, not organic farming, will produce more food, curb prices and save nature

Anirudh Gotety Download
Keep Those in the Vault -- 15-Jul-22
Russia's invasion of Ukraine and the consequent sanctions imposed by the West hold a lesson for India. 

Poonam Gupta Download
Familiarity Breeds Action -- 14-Jul-22
Global capital flows have been retrenching from emerging market (EM) economies since end-February in the wake of Russia's invasion of Ukraine.

Akshay Rout Download
Keep Emptying the Bin -- 14-Jul-22
Big missions rightly require higher scrutiny. The Swachh Bharat Mission (SBM), launched almost eight years on Gandhi Jayanti in 2014,

Dhiraj Nayyar Download
Bad 'Nomics + Bad Luck -- 13-Jul-22
Every major global economic crisis is usually followed by more localised economic catastrophes with a time lag.

Amitabh Kant Download
The Incredible Green Hydro Hub -- 12-Jul-22
India has the opportunity today to accelerate innovation and scale up deployment of green hydrogen (GH) production technology. This is critical, as electricity accounts for less than a quarter of India's energy economy.

Abheek Barua Download
For a Few Dolla?s More -- 08-Jul-22
Stability in the rising dollar could revive portfolio inflows into India

Prasanna Tantri Download
Merge & Get Rid of NPAs -- 08-Jul-22
The tide of bank non-performing assets (NPAs) seems to be finally ebbing, with net reported NPAs coming below 2%.

Anil Nair Download
Powerhouse of Storehouses -- 07-Jul-22
The data centre business is booming across the world, and India needs to plug into this buzz

Najib Shah Download
The Gold Duty Paradox -- 07-Jul-22
In a surprise move, GoI recently initiated tariff measures on two very different commodities — petroleum products and gold.

Amarjeet Sinha Download
Learning, Some Covid Lessons -- 06-Jul-22
Covid restrictions and school closure have been a traumatising experience for children. Pratham's Annual Status of Education Report (ASER) 2021, the National Achievement Survey (NAS) 2021, the Department of School Education's (DoSE) compilation of innovative digital learning experiments across states in 2021

Nitin Patil Download
Spreading LNG, Most Naturally -- 06-Jul-22
In the past five years or so, GoI has focused and facilitated in various ways building renewable energy (RE) capacity. 

Markus K Brunnermeier Download
Ready for a QWERTY Jump? -- 05-Jul-22
We need more resilience for both large shocks and slow-moving trends that can accelerate later.

Seema Sirohi Download
Russia on Tap-Tap-Tap -- 05-Jul-22
The recent G7 and Nato summits tried to project Western unity against Russia. But the hugs and handshakes carried a definite undercurrent of worry in the face of rising economic and political costs of the Ukraine war.

Jayant Krishna Download
India Needs to Science Things Up -- 04-Jul-22
Indian science is a sleeping giant in dire need to be awakened. It can repeat the magic of the economic reforms of the early 1990s if it can reform the science and technology (S&T) sector big time.

Anjuli Bhargava Download
Time for a Crash Course? -- 04-Jul-22
Byju's has denied that it has delayed payments to Aakash Educational Services, an edtech company it acquired in April 2021. 

Anil Padmanabhan Download
The Grand GST Trade-Off -- 01-Jul-22
Five years since its rollout, the Centre-states bickerings on the tax's pickings can be resolved

Neerja Chowdhury Download
So, Who's the Real Sena? -- 01-Jul-22
In the last 24 hours, Maharashtra has hurtled through events at a breathtaking speed — leading to Eknath Shinde being installed as Maharashtra chief minister at the head of a Shiv Sena-led government and Devendra Fadnavis, of the numerically larger BJP, as his deputy.

Bhupender Yadav Download
Endurance vs Propaganda -- 30-Jun-22
Modi stuck to the path of dharma, enduring the canards spread against him over the last 20 years

Madhavan Narayanan Download
The Other Plastic Money -- 30-Jun-22
From tomorrow, India is imposing a nationwide ban on the manufacture, import, distribution and sale of identified single-use plastic items. On March 2, 170 countries had pledged to do away

Bibek Debroy, Sarvadanand Barnwal & Aditya Sinha Download
Inequality, Inequity, Credulity -- 29-Jun-22
Inequality, unlike poverty, is a relative concept. One must pin down the distribution measured

Sunil Duggal Download
Dig a Bit Deeper, India -- 29-Jun-22
India's huge dependence on imported oil and the consequences it has on the economy are well known. What is less well known is that the country is also highly dependent on imports for key minerals and metals.

Debjani Ghosh Download
Why Trust is Most Valuable Currency in Digital World -- 29-Jun-22
Trust must be built into the very design of every process.

Seema Sirohi Download
The Great Regression -- 28-Jun-22
If only American women had as many rights as guns. … But they don't in a country that seems to harbour a special fear of women and their autonomy.

Kunal Bahl Download
Will the Real Angel Investor Please Stand Up? -- 27-Jun-22
Being an angel investor is a responsibility, not a lottery ticket. It needs effort, thinking and discipline

Nalin Mehta Download
Sena, Endangered Species -- 24-Jun-22
Shiv Sainiks have challenged their high command in the past, but this time there's a difference

Pradeep S Mehta Download
Don't Pollute the Plastic -- 24-Jun-22
RBI's move to introduce card-on-file tokenisation (CoFT) to cast a safety net on consumers' card details is a move in the right direction.

Bibek Debroy & Aditya Sinha Download
Reform on a War Footing -- 23-Jun-22
GoI's new recruitment scheme makes strategic and fiscal sense, but can it be improved for rollout?

Ajay Chhibber Download
Not Just Free, But Also Fair, Trade -- 23-Jun-22
The World Trade Organisation (WTO) agreements at the 12th ministerial conference (MC12) in Geneva are the first positive signs that despite all the gloom and doom of the pandemic, and the Ukraine war and sanctions, all hope on multilateral cooperation is not lost. 

Seema Sirohi Download
On Trump's Last Stand -- 22-Jun-22
A remarkable dissection of US democracy is underway. But the success of the operation — to undeniably establish the truth about the January 6, 2021, insurrection on Capitol Hill — is far from ensured in these ultra polarised times.

Neeraj Kaushal Download
Jai Momo-Seller, Jai Kisan! -- 21-Jun-22
EYES WIDE SHUT We need to value all work, and not just government or office jobs

Harsh V Pant & Premesha Saha Download
Keep ASEAN On the Go-To Menu -- 21-Jun-22
India's 'Act East' policy is a core tenet of its Indo-Pacific vision. This was underlined at the special Association of Southeast Asian Nations (Asean)-India foreign ministers' meet hosted by New Delhi on June 16 to mark the 30th anniversary of India's ties with Asean.

Dhiraj Nayyar Download
The Dribbles Should Be the Goal -- 21-Jun-22
One of the defining features of the present government has been the practice of setting targets — well defined, quantifiable goals across sectors, which are then efficiently implemented in a time-bound manner, usually in mission mode.

V Ranganathan & Manvendra Singh Download
To Barracks or Barricades? -- 20-Jun-22
The Agnipath scheme will take a budgetary load off GoI. But will it add weight for aspiring jawans?

Bishwajit Battacharyya Download
Overreach By the Directorate -- 20-Jun-22
The Prevention of Money Laundering Act, 2002 (PMLA) was notified on July 1, 2005. The legislation deals with 'scheduled offence', as defined in Section 2(y) of the Act.

Bibek Debroy, Bjørn Lomborg & Aditya Sinha Download
SDGing Out the Right Signs -- 17-Jun-22
The Covid-19 pandemic has whittled away two years of economic development. It has also made it difficult for countries worldwide to adhere to 2030 Sustainable Development Goal (SDG) targets.

Ajay Tyagi Download
Enlighten the Investors -- 17-Jun-22
It is but natural for the ownership pattern of publicly listed companies to change with time. In India, the trend of gradual increase in non-promoter shareholding in listed companies

Boria Majumdar Download
Rs.48,390 League Over the Sea -- 16-Jun-22
With the dust starting to settle on the Rs.48,390 crore ($6. 2 billion) IPL media rights sale for the 2023-27 period, it's a good time to put the numbers in perspective.

Rohit Prasad & V Sridhar Download
Split Circles, Cut the Knot -- 16-Jun-22
On Wednesday, the Union Cabinet clearedthe auction of 5G spectrum scheduled to start in end-July. Till then, policymakers, telecom companies and industries eagerly await the windfall to be gained from 5G-capable networks

Arijit Barman Download
Knock on Red Wood -- 15-Jun-22
The red wood of the tree after which it's named symbolises wellness, safety, longevity, wisdom and communication.

Neeraj Aggarwal Download
Lining Up for Take-Off -- 14-Jun-22
Lenin is said to have famously remarked before the 1917 revolution, 'There are decades where nothing happens; and there are weeks where decades happen.

Poonam Gupta & Kayva Singh Download
For Genuine 20/20 Vision -- 13-Jun-22
Often decried as being ineffective and irrelevant, G20 received a lease of life during the 2008-09 global financial crisis, and the Covid-19 pandemic in 2020. During the decade between these two crises, global trade and financial flows have undergone a significant evolution.

Giriraj Amarnath Download
Fix the Roof When It Isn't Raining -- 13-Jun-22
Forecasts of a normal monsoon this year will offer little relief to farmers having endured a record-breaking heatwave this summer across the country. Yet, the two seasons embody the paradox of climate risks and impacts facing Indian agriculture.

Richa Roy Download
The ABC of Maximising the IBC -- 13-Jun-22
Awell-functioning insolvency law with clear creditor rights reduces the cost of credit and increases access to credit for the economy. Although insolvency law is focused at the end of the life of a company,

Shantanu Nandan Sharma Download
Be Telehealthy & Wise -- 10-Jun-22
After almost three years of a devastating Covid-19 pandemic, the World Trade Organisation (WTO) realises that it has not delivered much in the global attempt to weather the storm.

Ramnath Krishnan Download
Shaping Up With ReKovery -- 09-Jun-22
After the unexpected off-cycle policy rate increase of 40 basis points (bps) in May, the Reserve Bank of India's Monetary Policy Committee (MPC) has hiked the repo rate by another 50 bps to 4. 9% in its June 2022 policy review.

Rohit Kumar & Aishwarya Viswanathan Download
Ready for Going 'Token'? -- 09-Jun-22
The payments ecosystem in India is in for astir. RBI's 'no card storage' directive of March 2020 is set to kick in from July 1.

Joy Bhattacharjya Download
Spoilsports on the Prowl -- 08-Jun-22
A high court order stopping funds to sports bodies can be the wrong kind of game changer

Seema Sirohi Download
Under a Pile of Crises -- 08-Jun-22
It's summertime and the livin' isn't easy for Joe Biden. The US president is in significant political trouble at home and he knows it.

Sajjan Singh Yadav Download
SNA Dashboard: Tracking the States' Contribution, Spending Under CSS -- 07-Jun-22
Centrally sponsored schemes (CSS) contribute significantly to fiscal transfers from the Centre to states. In 2021-22, ? 3. 8 lakh crore was released to states under CSS, accounting for 20% of the total fiscal transfers.

Dipankar Bhattacharyya Download
Clean the Investor Sediment -- 07-Jun-22
Foreign direct investment (FDI) serves as a vindication of a country's economic policies, and the highest annual inflow during the previous fiscal year can provide occasion for cheer when most other macroeconomic variables are looking vulnerable.

Mohan Kumar Download
Swim or Sink in Geneva -- 07-Jun-22
The World Trade Organisation (WTO) will hold its 12th ministerial conference (MC12) on June 12-15 in Geneva, Switzerland, after the last one in Buenos Aires, Argentina, in December 2017. 

Saibal Dasgupta Download
Moscow Speaks Mandarin -- 06-Jun-22
China's emerging role as a saviour for Russia, which is facing unprecedented economic punishment through sanctions from Western countries, has become apparent.

Kunal Kumar Download
Busting the Smart Citizen Myth -- 06-Jun-22
Citizen engagement lies at the core of acity's development. But who is the citizen? Is there a standardised citizen —an interchangeable entity with no distinct personality, preferences or history? Are citizens merely beneficiaries in the development process?

Vijay Bhaskar, Rajeev Chawla & Jaijit Bhattacharya Download
No More Hit & Miss Benefits -- 06-Jun-22
That there is a mismatch between targeted beneficiaries and those getting the benefits provided by governments is well known. The government in question faces five key challenges.

Arvind Panagariya Download
Of Sealing and Delivering -- 03-Jun-22
Actions in the economic sphere during eight years under the prime ministership of Narendra Modi can be placed into four buckets: policies, projects, processes and delivery of benefits.

Sunil Duggal Download
It's a Rare Opportunity -- 03-Jun-22
Most of us have heard about rare earth elements (REEs) and their strategic applications. It is also reasonably well-known that currently China controls more than 60% of the global production of REEs.

Bhupender Yadav Download
Up the Ease of Doing Work -- 02-Jun-22
Narendra Modi's 2021 Independence Day speech made lowering 'regulatory cholesterol' a policy priority. 'We want such an India where the government doesn't interfere with the lives of citizens.

Sanjeev Choudhary Download
Invest in Quagmires? -- 02-Jun-22
Should India invest in Russian oilfields? Those in the 'yes' camp argue that the war or sanctions won't last forever, and life will return to normal within a few years.

Mythili Bhusnurmath Download
Prepare for a Hard Rain -- 01-Jun-22
Worries about inflation have long displaced growth concerns. With consumer price and wholesale price inflation at an eight-year and nine-year high, respectively, that's not surprising.

Ajay Chhibber Download
NITI Needs a New Plan -- 31-May-22
With a new deputy chairman of NITI (National Institution for Transforming India) Aayog taking over earlier this month, it may be time to rethink its role. For India, the experiment with 'no planning' has not worked.

Arghya Sengupta & Lalit Panda Download
Perils of Complete Justice -- 27-May-22
If a person steals something, the law punishes her regardless of whether she is poor, uneducated or has mouths to feed. But while theft is bad, so are poverty, illiteracy and hunger. This is the difficulty with rules:

Tarun Gauba Download
America, a Danger Zone -- 27-May-22
The world witnessed one of the deadliest shootings in the US on Tuesday at Uvalde, Texas, where an 18-year-old went on a shooting spree killing 18 children and two adults. The shooting prompted Joe Biden to ask why the problem of mass shootings exists in the US like in no other country.

Akhil Ramesh Download
Chip Off the New Block -- 26-May-22
In his first trip to Asia as president, Joe Biden unveiled the Indo-Pacific Economic Framework (IPEF) in Tokyo, before attending the second iteration of the in-person Quad summit.

S Jaishankar Download
African-Indian Ocean Diving -- 25-May-22
As the world marks Africa Day today, it may be appropriate to assess how much the India-Africa partnership has grown on Narendra Modi's watch. The prime minister's address to the Ugandan Parliament in July 2018

Seema Sirohi Download
Biden's India No-Man -- 25-May-22
It's been 16 months since Joe Biden took office as president. But there is still no US ambassador in India, the longest such gap between envoys. Well-wishers of the relationship are increasingly concerned as one of the largest US embassies remains leaderless.

Harsh V Pant & Shashank Mattoo Download
Is IPEF Just a Global Spin? -- 24-May-22
After 16 months in office, the Joe Biden administration has finally pulled back the curtain on its signature economic initiative: the Indo-Pacific Economic Framework (IPEF). However, as grand reveals go, IPEF has been more than a little underwhelming.

Kaushik Das Download
How High & Fast, RRR? -- 24-May-22
Two things have changed since the release of the March consumer price index (CPI) data that, coming at 7% against the consensus estimate of 6. 4%, shocked the markets. One, FY2023 CPI inflation forecast has been revised significantly higher, with the average likely to rise even above 7%.

Amitabh Kant Download
India, It's Re-Reform Time -- 23-May-22
With the world just about recovering from demand and supply shocks, the Russian invasion into Ukraine sent energy markets into disarray since February. Oil and gas prices have spiked, leading to inflationary pressures

M Shumi Akhtar Download
New Aussie Rules Apply for MNCs -- 23-May-22
Now that Australian Labor Party (ALP) leader Anthony Albanese has ousted the conservatives from power and is ready to take over as prime minister, he will also bring with him an election promise to hike corporate tax rates

Manmohan Sethi Download
Not Making States Feel Left Out -- 23-May-22
The Supreme Court judgment on the goods and services tax (GST) should help to better understand the problems that GoI would face in its implementation. Five years is a short time to assess a tax system in a country as vast as India.

Sandip Datta & Geeta Gandhi Kingdon Download
More Missed Than Missing -- 20-May-22
Now that children are being vaccinated and schools are learning to live with Covid, the pressure for hiring more teachers in public schools will grow. This is likely in view of strong teacher unions and the recommendation by the New Education Policy

Aparajita Bharti & Nikhil Iyer Download
Don't Mule the Unicorn -- 20-May-22
The B N Srikrishna Committee report on 'A Free and Fair Digital Economy' (bit. ly/3PtV9oO), which was the basis for the Personal Data Protection Bill, was released in July 2018. Until then, India had 16 unicorns.

Abheek Barua Download
What's 'Whatever It Takes'? -- 19-May-22
There seem to be three problems with the current consumer price inflation in India. First, it is undoubtedly high, in a subjective, absolute sense as well as more objectively, close to two percentage points (going by the April print of 7.8%)

Pallava Bagla Download
Better Safe Than Starry -- 19-May-22
India's most expensive — and riskiest —space mission to carry Indians into space, Gaganyaan, which was initially scheduled for this year, will not happen for another two years.

Neeraj Kaushal Download
A Tale of Last Two Years -- 18-May-22
The immortal opening lines in Charles Dickens' 1859 historical novel, A Tale of Two Cities, aptly describe the past two years of Covid in India. It was the best of times …

Bharath Jairaj & Niharika Tagotra Download
Put Energy in the Plan -- 17-May-22
India's power supply situation is making headlines again. As extreme heatwavelike conditions take prevalence over most of the country, peak power demand has been breaking records every other day.

Ajay Jakhar Download
Separate Data from the Chaff -- 16-May-22
A month back, it was clearly evident that wheat yields were down due to the exceptional heatwave and government procurement of wheat would also remain far below last year's levels. But the mirage of excess production, caused by wrong estimates of wheat

Karan Singh Download
Virtual Quality Control's Ours to Tech -- 16-May-22
After a pandemic-induced break of nearly two years, the US Food and Drug Administration (FDA) has announced the resumption of physical inspections of foreign manufacturing facilities starting April.

Arun Maira Download
It's Society, Stupid! Not a Machine -- 16-May-22
Three global crises in the new millennium have revealed flaws in the ruling paradigm of economic policies. The 2008 financial crisis, 2020 Covid pandemic, and now, inflation rearing its ugly head across the world.

Yashwant Deshmukh & Manu Sharma Download
Colour By Numbers -- 12-May-22
The World Health Organisation (WHO) has estimated that 4. 74 million people died in India from Covid-19. This number is more than nine times the official count of 0. 52 million deaths.

Hardeep S Puri Download
Steep Spike and Doublespeak -- 12-May-22
India has emerged among the more resilient countries against the Covid pandemic, turning the challenges posed by it into an opportunity.

Seema Sirohi Download
Trumpbomb in the Oven -- 11-May-22
Why do societies work out their demons by dragging women through the same battles again and again? It doesn't matter whether they are advanced or medieval in outlook or somewhere in between.

Sandipan Deb Download
It's One Sloppy WHOdunit -- 09-May-22
The World Health Organisation (WHO) says that 4. 7 million Indians died of Covid between January 2020 and December 2021. This is nearly 10 times the official Indian government figure.

Bjørn Lomborg Download
Apocalypse Not Now -- 09-May-22
A new United Nations global assessment report, 'Our World at Risk: Transforming Governance for a Resilient Future' (bit. ly/3P3FOeh), has revealed the disturbing news that the number of global disasters has quintupled since 1970…

Anil Padmanabhan Download
Retail's WhatsApp Moment -- 06-May-22
Last week, on April 30, India undertook the soft launch of its audacious plan to democratise the business of retail. It is riding the technological rails provided by the Open Network for Digital Commerce (ONDC)...

Harsh V Pant & Tobias Scholz Download
Cooperation Über Alles -- 06-May-22
Germany's recently elected centre-left coalition under Olaf Scholz chose India as the partner for its first governmental consultations on May 2. Beyond the signalling effects that Europe's and Asia's largest democracies….

Barry Eichengreen, Poonam Gupta & Tim Marple Download
Take CBDC Slow and Easy -- 05-May-22
In her February 1, 2022, budget speech, Nir mala Sitharaman announced GoI's commitment to issuing a digital rupee. The relevant text ran three sentences in its entirety. 'Introduction of [a] central bank digital currency (CBDC) will give abig boost to digital economy.

Dhiraj Nayyar & Sugata Ghosh Download
RBI RATE HIKE -- 05-May-22
The global economy is in a tight spot, haunted by the spectre of slowing growth and accelerating inflation. In India, the Reserve Bank of India (RBI) finally threw its weight behind inflation, raising the repo rate by 40 basis points (bps) and the cash reserve ratio (CRR) by 50 bps.

Sanjeev Choudhary Download
Taming of the Crude -- 04-May-22
Oil and gas prices began tumbling around the time Narendra Modi took over as the prime minister in mid2014. Oil prices halved in just six months. By mid-2015, liquefied natural gas (LNG) prices had also halved.

Nawshir H Mirza Download
An Audit Kind of Oddity -- 03-May-22
In March, a committee report was published by the ministry of corporate affairs, on the working of the Companies Act. This one, like the many others preceding it, makes recommendations to ease the way business is done in India.

Najib Shah Download
All That Glitters in This CEPA... -- 02-May-22
The text of the much-publicised India-UAE comprehensive economic partnership agreement (CEPA), signed on February 18 and operationalised on Sunday, is in the public domain.

Sanjiv Mehta Download
Brandenburg Gate to Europe -- 02-May-22
Beginning 2011, the India-Germany partnership has been reinvigorated every couple of years by inter-governmental consultations (IGC). The stage is now set for the sixth IGC in Berlin today, where Narendra Modi and Olaf Scholz...

Ateesh Tankha & Syagnik Banerjee Download
Musk's Protective Paybook -- 29-Apr-22
Twitter's transition from a publicly listed company to a privately held firm under the world's richest person is pretty much underway. While many bemoan the fact that Twitter will now be at the mercy of Elon Musk's personal whims…

Sarim Naved Download
Pulling the White Collar -- 29-Apr-22
India needs a new law regarding corporate criminal liability. The current laws, as far as the criminal liability of officers and directors is concerned, are largely silent on the issue. The Companies Act does specify the liabilities of directors…

Anil Nair Download
Enable the Sustainable -- 28-Apr-22
ESG - environmental, social and governance — is no longer just a buzzword. $15 trillion of global funds are focused on this space. Focal areas include carbon stewardship, greening of market offers and the supply chain that delivers it…

Indrajit Hazra Download
Freedom Fighter's Dilemma -- 27-Apr-22
Elon Musk is buying Twitter for an amount that seems reasonable if Twitter's function as The Great Disseminator is taken at face and monetary value. When Jack Dorsey, Noah Glass, Biz Stone and Evan Williams created…

Seema Sirohi Download
The Bank'n'Fund Show -- 27-Apr-22
The spring meetings of the World Bank and the International Monetary Fund (IMF) ended with a surprise attack by senior US officials. Treasury secretary Janet Yellen and deputy national security advisor Daleep Singh…

Saumay Bhasin & Anirudh Rastogi Download
Unease of Doing Business -- 26-Apr-22
The state has great latitude in matters of law-making. More so in the context of fiscal laws like taxation. There are, however, times when the state overreaches and tests the limits of constitutionality.

Vijay L Kelkar & Pradeep S Mehta Download
Social Distancing Please -- 26-Apr-22
Ministries pertaining to sectors regularly interfere with independent regulators thereby challenging their very independence. These regulatory institutions lie at the heart of India's post reforms economic governance system

MAHAVIR KASWA Download
Constant Maturity Debt Funds Gain in Long Term Whether Rates Rise or Fall -- 25-Apr-22
Passive investing is slowly catching up in equities and bonds. Passive bond strategies include buy and hold (B&H) and constant maturity debt (CMD). While the former is well received, the latter has not been explored much.

Saibal Dasgupta Download
Not a Happy Lanka Kand -- 25-Apr-22
Anyone looking at the financial crisis and rising protests in Sri Lanka is bound to ask what happens if the government run by the two Rajapaksa brothers, known to be pro-China, crumbles in the coming days.

Sanjeev Bikhchandani Download
The Buck Starts With Founders -- 25-Apr-22
Last Sunday, Sequoia India published atimely blog on governance issues (bit. ly/395Liov). Good governance is essential if you wish to build a company that endures. The problem, however, is that governance is usually not considered urgent