PIC In The Press

The forces reshaping banking

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 …

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The policy questions around airlines

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.