Leasing-out operational public assets to boost private investment

The Modi government launches new initiatives with blindsiding flamboyance. The National Monetisation Pipeline (NMP) announced August 23 does not disappoint. It targets raising INR 6 trillion over four years (Fiscal 2022 to 2025) by leasing out operational public sector assets. The target for this year, with just six months in hand, is INR 0.9 trillion when disinvestment […]

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Taming regulatory excess in retail

How should government balance the interests of retail sellers whilst protecting the interests of consumers? Even handed legislation and transparent, market-based rules to kindle higher investment and growth, better employment opportunities and higher tax collection from trade would be the long-winded answer. Political economy shoulders out technical common sense Sadly, legislation, in democracies, is strongly […]

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Tamil Nadu needs an economic reboot

Tamil is an ancient language which jostles Sanskrit on antiquity but remains in vibrant, modern use. It is also a cultural identity. Post-Independence, in 1947, the erstwhile Madras Presidency became the Madras State within the Union of India. In 1956, its borders were redrawn to shed the non-Tamil speaking peripheral areas of Andhra Pradesh, Karnataka, […]

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The morality of stock markets

Indian stock markets look like “mushroom rocks”, top-heavy and delicately balanced, just waiting to be tipped over by bad news, of which there is plenty. Investors, whose stocks are part of the ongoing bull-run starting February 2021, could not care less having gained Rs.11 trillion, since May 24. This bonanza of wealth accretion, for the […]

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Unraveling fiscal stress

Economists belabour the point that emerging out of the pandemic–induced economic downturn is qualitatively different from emerging out of a long–drawn economic recession. Simply put, it is easier to get back to where you were. Turning on a light switch and flooding a dark room with light instantly is apt for describing what happens once […]

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Decentralize to empower the bottom of the income pyramid

Over the last three decades, it has become customary to disregard the fears of the “little woman” at the bottom of the income pyramid, as mere misinformed or worse—unenlightened, unreasonable insecurity. Unrequited love for markets After all, markets, if regulated appropriately, have delivered wonderfully and poorer economies have benefited more than developed ones. South Asian […]

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