Supreme Court Demonetisation Verdit & rBI’s autonomy

The dissenting, minority judgement of Supreme Court Justice Nagarathna, in the Writ Petition Vivek Narayan Sharma versus Union of India—popularly known as the demonetisation case—has regurgitated the vexed issue of whether the RBI is sufficiently autonomous and resilient in discharging its mandate. India is new to autonomous regulation. Autonomous regulators were a rarity till the […]

India vignettes from 2022 and beyond

2020 was the year of fear as COVID-19 decimated the economy and killed people–both rich and poor– seemingly. 2021 was the year of hope. The bite of the pandemic dulled, thanks to the massive vaccination program, ramped-up emergency medical facilities and the roll-out of special social protection measures like free cereals for 800 million citizens. […]

Social Media savior Or dystopia

If you get your news and views from Twitter or Google search, you correspond via Gmail or Slack, your files are stored on a cloud, your friends and associates are on LinkedIn, Facebook, Snapchat or Tumblr, your music on Spotify, iTunes or YouTube, your entertainment is from Amazon or Netflix, your date is from Tinder, […]

Plucking Carbon out of Built Structures

India is sparingly built. Satellite mapping of urban areas globally shows an average urban built-up area of 170 cubic meters per capita, with significant variation–600 cubic meters in the US versus 20 cubic meters in Bangladesh. The average for the Global South is 108 cubic meters, one-third of the average of 300 cubic meters in […]

Indian Economy between A Rock and A Hard space

Growth is slowing in India. In July to September this year there were six major economies- Malaysia, Greece, Philippines, Israel, Colombia, Argentina (The Economist December 1) with growth higher than the 6.3 percent India achieved in the April to September quarter of this fiscal. Growth by year end is unlikely to be vastly different. Is […]

When McKinsey Comes To Town- Book Review

McKinsey, the storied global management consulting firm, will be celebrating its centenary in 2026. Walt Bogdanich and Michael Forsythe, both journalists with the New York Times, use their considerable investigative skills, to craft an evidenced, albeit selectively curated, assault to expose the rot behind McKinsey’s public image. It makes for a riveting read but fails […]

Personal Data only Half Protected by new Digital Data Bill

When is a bill only a “half bill”? The answer (borrowing from Chetan Bhagat’s bestseller Half Girlfriend) — when it just tables good intentions but defers real benefits till later- like the draft Digital Personal Data Protection Bill circulated recently for comment by the ministry of electronics and information technology. In these lean times, as […]

Regulating Political Parties and Opaque Election Finance

Elections are to democracy what financial markets are to the economy. Elections channel the flow of political power, from the people to the government via political parties, which act like asset management companies in financial markets, enhancing market contestability and assuring stability. The absence of an omnibus law to regulate elections and political parties in […]

Public Spending: Cut The Fat finance Growth Enablers

Governments are the biggest spenders in national economies. Global expenditure per the IFPRI SPEED 2019 database, in agriculture, communications, education, defense, health, mining, social protection, fuel and energy, and transport for 110 countries in 2015 is estimated at US$ 19.3 trillion in current terms or 26 percent of global GDP. By 2022 the average spend […]

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