governance, political economy, institutional development and economic regulation
Ok, so let me be open about this. Trump and I are alike. Well, not in every which way – I am short, dark and I don’t dye my hair. But what we share is a mad fascination for the Godfather written in 1969 by Mario Puzo and filmed by Francis Ford Coppola in 1972. […]
Read More Trump and I are alike in our love for GodfatherMartin Wolf CBE is best known for being, since 1996, the Chief Economics Commentator at the prestigious Financial Times (FT) newspaper published from London since 1888 on distinctive “light salmon pink” newsprint. The Financial Times – news for the well heeled If you hire a Rolls Royce, to take you from Heathrow to your budget […]
Read More Martin Wolf – futurist or mere surfer of financial fashionA visit by the United States President (POTUS), months before the American elections, can be many things — a farewell trip, collecting paybacks for past favours or simply a low-risk, synchronised “feel good” ride amidst millions of adoring Indians — reliving thereby the past grandeur of America as a global beacon for developing world fantasies […]
Read More “Treating POTUS better” is good for India tooIndia’s poor were delighted yesterday, to read in the newspaper, that India’s Executive Director to the International Monetary Fund – the celebrated data scientist Surjit Bhalla, assesses India’s poor to have reduced from 21.2 per cent in 2011 to just 6.3 per cent by 2018. He also asserts that the fastest reduction in poverty happened […]
Read More Ending poverty statisticallyOn top of the BJP’s rudderless leadership to get the national economy out of a rut, or very possibly because of it, comes a humiliating political defeat in the Delhi Assembly elections with Arvind Kejriwal’s broom sweeping the Congress completely out of the capital’s politics and limiting the BJP to 8 out of the 70-member […]
Read More BJP electrocuted after Delhi adopts muffler-man KejriwalThe RBIs decision to hold the repo-rate (the administered rate at which the RBI lends money to banks) at 5.15 per cent for the second time in four months, mirrors the timidity of the Finance Minister in the budget proposals presented for FY 2021. Both are twins born of the same mother of policy paralysis […]
Read More RBI chickens out of stoking growthThe budget analysis commentariat heaved a sigh of relief after the budget for FY2021 was revealed. Unlike last year, at least the accounting seems accurate. So low were expectations that it was almost a pleasure to review the carefully consistent allocations across the more than 700 schemes and 300 major heads of expenditure. These soak […]
Read More FY 2020 budget post script
Opinion India 