BUSINESS
Bank Privatisation | Forget big bang, it’s unlikely there will be even a whimper
Within 25 years of the first nationalisation of banks in 1969, the government started reversing this policy. Thus, in less than three decades, the banking scenario has transformed
POLITICS
Welfare Or Freebies | A good debate will separate wheat from chaff
The critical question is which of the government schemes serve the cause of public welfare, and which are ‘freebies’
BUSINESS
As global economy faces headwinds, India must tread cautiously
The global economy seems headed towards recession/major slowdown this year which will bring down inflation in India as well. Slumping global growth will, however, make our growth more vulnerable
BUSINESS
Falling rupee and a balance of payments flux — What can be done?
Even if India records a negative BOP of $100-125 billion in 2022-23, the forex reserves will come down to only $500 billion or so, which is very large for India’s needs from any standpoint. Thus, there is no need to panic
BUSINESS
GST @ Five | GST has transformed taxation in India, but lot more needs to be done
Three cheers to all concerned for transforming India’s complex and unproductive product taxation system into a highly digitalised, integrated, and functional GST system
BUSINESS
RBI Policy | Don’t expect inflation to go away just yet
The RBI continues to soft-pedal interest rates and keep liquidity in surplus. The policy of gradual withdrawal may last many MPC meetings
BUSINESS
UPSC Results | Dear officers, you have a valuable role in economy as well, writes Subhash Chandra Garg
You are expected to serve at least until 2050, when India celebrates its 100th Republic Day. These 28 years are going to very exciting for India’s economic transformation
ECONOMY
Modi Govt @ 8 | A look back at Indian economy’s journey over the last eight years
The universal Aadhaar identity, and widespread use of fintech for direct benefit transfers, made delivery of benefits efficient, and eliminated corruption
BUSINESS
LIC | Will shares catch up with its true valuation?
LIC share price is likely to drift lower to catch up with its fundamental value. How long does it take will depend upon whether free market operates or some institution(s) keep propping up the price
BUSINESS
RBI’s monetary policy about-turn: Will it actually tame inflation?
Inflation works to the government’s overall fiscal advantage but is politically devastating as the vast majority of people suffer. RBI will do well to focus on inflation only for now.
BUSINESS
PMGKAY | Extension of free foodgrain scheme is fiscal compulsion or welfare choice?
The government has to bear the economic cost of foodgrains procured, whether it keeps stocking in FCI warehouses or distributes it free of cost. The fiscal impact is no different. Thus, the only way to lessen the fiscal impact is to procure less
BUSINESS
With LIC IPO back on track, it’s crucial to strike the right stock price
If LIC’s share price is below Rs 2,250 the government would miss its disinvestment target. To meet this, it can either increase the size of LIC IPO, or raise further disinvestments later to meet its goal of Rs 65,000 crore
