Book Review by Ms. Seena Mary Thankachan, Policy Research Associate, PIC Voices from the Grassroots by Dr. R Balasubramaniam is a poignant and thought-provoking exploration of the intricate tapestry of Indian society, woven with threads of economic, societal, and spiritual dimensions. The book’s enduring relevance lies in its ability to capture the pulse of the common […]
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“…To the best of our knowledge, how political and social power shape technological choices, and how institutions and technology choices together determine how much owners of capital, entrepreneurs, and workers of different skill levels benefit from new production methods, are original to this book. Using this framework, we reinterpret the major economic developments of the
Power and Progress – Our 1000-year Struggle Over Technology and Prosperity Read More »
Ajit Ranade, December 27, 2023 The government has firmly rebuffed this warning, saying that India’s debt ratio has actually declined from 88 per cent to 81per cent in the past two years. And the Union government is determined to bring the fiscal deficit down to 4.5 per cent in the next two years. CLICK HERE
Mounting debt burden is cause for worry Read More »
Ajay Shah, Business Standard, December 25, 2023 In advanced economies, banking is changing. At first, there was `the fintech revolution’. Now, we have seen the loss of stability of bank liabilities through electronic payments. The third problem is the possibilities for important trusted tech-intensive consumer-facing firms to replace banks. Indian financial system has largely held
The forces reshaping banking Read More »
Ajit Ranade, Mint, December 20, 2023 Plug one route and another is found. RBI’s caution on the dealings of lenders with AIFs is justified. The risks of ever more creative devices used for debt renewal demand close regulatory oversight. CLICK HERE TO READ THE ARTICLE.
Evergreening of loans still remains a bane of banking Read More »
Ajay Shah, Business Standard, December 11, 2023 If you were a bad actor, is it efficient to layer position taking on derivatives markets on top of a military or terrorist surprise? CLICK HERE TO READ THE ARTICLE.
Vast profits for unpleasant people? Read More »
Marginlands: Indian Landscapes on the Brink, by Arati Kumar-Rao, is a passionate environmentalist’s account of her journeys across India’s diverse landscapes for over a decade, and of the “slow violence” inflicted on the fragile environment and its impact on livelihoods. Combining journalistic reporting and storytelling, the five-part book narrates stories from Rajasthan’s Thar desert, to
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Ajay Shah, Business Standard, November 27, 2023 The airline industry has emerged as an important new feature of the Indian economy. The conceptual machinery of market failure and lowest cost intervention guides us on thinking about policy problems and solutions. CLICK HERE TO READ THE ARTICLE.
The policy questions around airlines Read More »
Ajit Ranade, Deccan Herald, November 14, 2023 After extending PMGKAY, several times in four phases, the government decided to discontinue the additional component, and now gives only the component guaranteed by the NFSA law. CLICK HERE TO READ THE ARTICLE.
Free grains, election promises, market distortions Read More »
Ajit Ranade, Mint, November 8, 2023 India’s ageing is rapid and we will need a fully-funded pension system with wide coverage that ensures social security for all the elderly. For that, the OPS ghost must be banished. CLICK HERE TO READ THE ARTICLE.
The Old Pension Scheme wildfire should be stopped before it is too late Read More »
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