It seems that everyone loves to talk about inequality, and how much they dislike it. From Christine Lagarde in the International Monetary Fund to the Indian Prime Minister speaking at the World Economic Forum in Davos, Switzerland, everyone is united…
Oxfam has just produced a report in which it highlights the dramatic increase in wealth inequality that is occurring in India. The basic data it uses are from Credit Suisse which regularly brings out a Global Wealth Databook; and according to…
When the government presented its third supplementary demand for grants to the winter session of parliament, the list of expenditures included Rs. 80,000 crore for a first tranche investment in equity of the public sector banks to recapitalize them. This…
In the political landscape of contemporary India, it is only too easy to find more reasons for depression than optimism. The rise of a nastier, more aggressive, communally charged and openly patriarchal political discourse is evident all around us. Oftentimes,…
A feature of banking in India that has not received the attention it deserves is the business reflected in the off balance sheet or contingent liabilities of banks. Typical of such liabilities are swaps, options and forward rate contracts involving…
Arun Jaitley had outlined a scheme of electoral bonds in his budget speech on February 2, 2017. Now, exactly 11 months later, the notification of the scheme and some details of it have finally been announced in a Press Information…
To say that we are destroying our natural environment in India is only to repeat the obvious. In cities, towns and even villages across the country, we have fouled up the atmosphere to make it almost impossible to breathe; we…
Despite its clear violation of the law, telecom major Airtel appears to have been let off lightly by the government. And that story, though reported, has neither led to adequate punishment nor has it received the extent of media attention…
The uniqueness of 2017 lies in the fact that never before has the country seen a government-caused economic crisis as serious as was witnessed in this year. There have certainly been worse years for the people, such as 1965-66, 1966-67,…
This was the year that the economy tanked. Not necessarily in terms of official growth figures: according to the CSO, GDP growth decelerated, but not by that much. And Finance Minister Arun Jaitley was quick to proclaim that, with GDP…
