The Economic Times

Counting on Better Numbers

RBI needs to calculate and monitor public sector borrowing requirement After the interim budget, economic experts on TV bemoaned the smoke and mirrors that cloak the true extent of the fiscal deficit. The Comptroller and Auditor General (CAG) recently castigated […]

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Lucknow, For Delhi Later?

Mayawati has a better chance of becoming PM than Rahul Gandhi In recent months, the prospect of a mahagathbandhan (grand alliance) of Opposition parties presenting a united front against the BJP has sparked widespread speculation that Prime Minister Narendra Modi will

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How Much is Not Too Much?

Four economists argue for Arun Jaitley against Urjit Patel on RBI reserves On October 26, Reserve Bank of India (RBI) deputy governor Viral Acharya had made a passionate speech warning that governments that raid the reserves of their central bank, as

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Solving BOTs Through TOTs

For real privatisation in infrastructure, the old model needs to be inverted The Narendra Modi government has failed to privatise any public sector undertaking (PSU). Its sale of minority stakes in several PSUs is disinvestment, not privatisation — the latter

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Don’t Be Seduced by Sirens

GoI raiding the central bank’s reserves is no solution for the fiscal deficit The controversy over the Reserve Bank of India’s (RBI) independence cloaks a bigger issue: the government’s chronic inability to control overspending and the fiscal deficit. RBI deputy

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Pop Has Gone the Weasels

Falling, not rising, cronyism is the main cause of non-performing assets Former RBI chief Raghuram Rajan has dissected the banking crisis in his recent analysis of non-performing assets (NPAs). He implies that cronyism is an important cause. I would say

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