India needs a new growth push and unless we clean up the state intervention designed in an earlier era, the next push is difficult.
My writing and speaking on Budget 2017-18
Financial repression in India means that the government colludes with banks and insurance firms to keep retail investors in negative return products. Who'll give up Rs 20 trillion of cheap money?
Expense Account, Mint When I began researching why we count gold on the current account and not the capital account, I was simply seeking an answer to what looked like an illogical classification of a metal we know to be an asset. And as it is with most things, once you start pulling at a...
Expense Account, Mint Why do gold imports get counted in the current account and not the capital account in a country’s balance of payment (BoP) accounts? The origin of the question stems from the unfairness of the wholesale blame that Indian household gets for soaking up a quarter of the yearly world demand for gold...
Expense Account, Mint Gold is fantastic. Gold is a problem. Depending on who you are, you will choose one of these statements. For Indian households gold has emerged as the investment destination of choice. After declining over the first half of calendar year 2012, third quarter data shows an uptick in demand despite high prices...
Expense Account, Mint The bad news is now an unending scream. From the newspapers, the television channels, the hushed office talk of layoffs each month—20 people at a time. From home loan rates that reached 13-14% last year and are yet to fully come off. From our investments that are down horribly, and in the...