LOOTING THE RBI
The Reserve Bank of India (RBI) has three main areas of responsibility. It is a banker of banks and is responsible for maintaining public confidence in the banking system. It is also the government’s […]
The Reserve Bank of India (RBI) has three main areas of responsibility. It is a banker of banks and is responsible for maintaining public confidence in the banking system. It is also the government’s […]
In the 2019 budget, the FM announced that the government would increase its borrowing in the international market. This was being done to avoid the “crowding out” effect—a phenomenon where the government borrows money […]
The 2019-20 budget is done and dusted. As with most Indian budgets, this one too was a big yawner except in its implications for the stock market.
Any prediction about the […]
Stable, liquid and transparent financial markets are a necessary condition for the growth of a modern economy. An economy grows by developing new products and services and incubating new ideas, and this […]
There are broadly two kinds of pension plans. In defined benefit plans, the employer guarantees a fixed (defined) pension benefit to the employee upon retirement. The risk associated with investing the pension […]
The Ministry of Finance and the Reserve Bank of India (RBI) are engaged in a dangerous game of chicken. Game theory tells us that “winning” or playing such a game to its […]
In an article dated May 31st, 2017, I wrote that the Indian stock market had room to run on the upside and that a 20% increase over the next two […]
The Indian stock market has had a good run. Stock prices have more than doubled over the last ten years.
How long will […]
Madam Speaker:
For almost 70 years, Finance Ministers have come to this august body and said: “ the government will do this, and the government […]
Almost all government programs are started with good intentions, but the results are always the opposite of the intentions of the well-meaning people who originally backed it. – Milton Friedman (Nobel Prize, Economics, […]