The Economic Times

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 […]

Nobody cares about workers who die cleaning sewers in abysmal conditions We boast of great scientific feats. We have sent a space mission to orbit Mars. Our submarines can hit any target in the world with nuclear weapons. Yet, our scientific

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

Narendra Modi’s chances of returning to power in 2019 elections are 50-50 Media analysis in the first half of 2019 is going to focus on the coming general election in May, to the exclusion of almost everything else. Will Narendra

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

We should treat the latest GDP statistics as innocent till proved guilty Has the government fudged GDP data to show that the Narendra Modi era has registered faster GDP growth than either of the two terms of the preceding UPA

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

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

The new US-Mexico-Canada Agreement has grim implications for India Nafta (North American Free Trade Agreement) is dead. Long live USMCA (United States-Mexico-Canada Agreement). US President Donald Trump has bullied Mexico and Canada into a new free trade agreement to replace

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