Swaminathan S. Anklesaria Aiyar discusses the Hindenburg report and Gautam Adani
Swaminathan S. Anklesaria Aiyar discusses the Hindenburg report and Gautam Adani Read More »
Why Hindenburg report is a blessing in disguise for Gautam Adani
In 2006, I researched and wrote a paper for the Cato Institute on Gujarat’s new strategy of port-based development. This strategy was launched by Congress chief minister Chimanbhai Patel in the early 1990s and expanded by BJP successors. I visited Gautam Adani‘s
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Don’t buy friends: The lesson from China’s BRI trouble
China’s stiff resistance to write-offs has held up debt relief to countries like Pakistan China’s Belt and Road Initiative (BRI) is the greatest global infrastructure initiative in history. China has lent over one trillion dollars to Third World countries, becoming
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China: Sleeping with the enemy has advantages
Expanding economic ties with China will give us greater leverage than populist bans At a January top-level official meeting, I was among the economists asked to sum up in just three minutes their long-term strategic advice to the government. Clearly
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A Human Rights Victory in India, but with Great Difficulty
If you are a Muslim in India participating in a student agitation, you can be locked up for years without being convicted. Sharjeel Imam and seven other students were arrested in 2019 under anti‐terrorism laws for supposed violence in an agitation against
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The Adani affair shows the unwitting virtues of the globalisation of scrutiny
Globally, similar corporate revelations occur periodically. They highlight the shortcomings of investment banks and credit agencies that give good marks and encourage massive investment in companies without sufficient scrutiny. The Hindenburg report is an indictment of global credit agencies and
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How interest payments swallow nearly half of India’s revenues
The FM has avoided short-term populism, but with interest payments rising over 40%, they are eating into resources that would be better spent elsewhere Nirmala Sitharaman’s Budget has been widely hailed for achieving what can be called an impossible trinity
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Finance Minister delivers balanced Budget, minus freebies
The budget has taken advantage of the fiscal space created by the end of the Covid free-food programme, lower fertiliser subsidies, and a sharp reduction in MGNREGA outlay. This has made possible the reduction of ₹37,000 crore in direct taxes.
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Resilient India can brave global headwinds
The world economy is slowing and may experience a major recession later this year. In earlier recessions, India was hit hard, but the Economic Survey is confident that India has become a resilient economy, far more so than others, that
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In semi-election budget, expect semi-revdis
FM can increase the nominal value of benefits, but it will be less than the rate of inflation, resorting to what economists call money illusion Will we have an election budget, replete with goodies for sundry vote banks? Since the
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