governance, political economy, institutional development and economic regulation
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 […]
Read More The morality of stock markets“Tribes” exist in India other than the ones provided for in Part X of the constitution. The largest is the “Tribe” of government servants – to be distinguished from the even larger body of public servants. Sheltering under the benign glow of the Ashoka Pillar lions, this tribe is the worst afflicted by the “Us […]
Read More Us versus ThemPhoto credit: everettlaw.com Weird as it may sound, despite the rhetoric around innovation and private entrepreneurship being key for growth, this is not the consistent message emanating from government policy and regulations. Here are three examples. Ideological neutrality versus enlarging access to the internet First, consider that TRAI caved-in, in February 2016 to the “shrill […]
Read More Mixed signals stifle innovation
Opinion India 