Tags: rbi

India: Make Institutional Checks and Balances Work

March 1st, 2015
in Op Ed

The central question in India's journey, today, is that of constructing State capacity. How should laws, agencies, processes and accountability be designed, to engender high performance? In a recent speech titled Democracy, inclusion and prosperity, Raghuram Rajan talks about the more »

Runaway Rupee: The Taming of the Shrew

August 13th, 2013
in Op Ed, syndication

Written by Sanjeev Kulkarni "The Taming of the Shrew", a comedy by William Shakespeare, depicts the courtship of Petruchio, and a headstrong Katherina. She is subjected with various psychological torments-the "taming"-until she becomes a compliant and… more »

India: Reining in the Inflationary Dragon

October 19th, 2011
in Op Ed

by Ajay ShahFirst posted at Ajay Shah’s Blog October 15, 2011 A lot is being written about inflation in India today. I thought it's worth writing about the fascinating insights into inflation that come from focusing on the distinction between… more »

The Governor’s Last Hurrah

August 2nd, 2011
in Op Ed

Despite ten successive hikes in key policy rates, spread over 18 months, the Wholesale Price Index (WPI) continued to hover above 9% p.a. RBI Governor D. Subbarao's best monetary efforts to control prices had come to a naught. Therefore, he did a repeat of the May policy action of a double whammy and increased repo rates by a stupendous half percent. more »

Of Cows, Goats and Hens

January 27th, 2011
in Op Ed

An increased demand for food is a new window of opportunity for recovery from The Great Recession. more »

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