This piece will analyse the various factors the MPC probably kept in mind while taking this decision, in order to demonstrate the kind of decision-making that goes into our monetary policy. … More An Indian Monetary Policy-Maker’s Mind
More often than not, we judge policy measures through the lens of our political affiliations. This creates a din of confirmation biases and loud proclamations which ignore trade-offs and opportunity costs. Through this article, I wish to objectively break down demonetisation and put it under a simple costs-versus-benefits scanner. For a policy reform to be … More Unbundling Demonetisation
It took us 16 years to pass the GST bill in the Parliament. These years have seen a copious amount of political debate, numerous committee reports, backtracking, stalling and convincing. The GST is undoubtedly one of the biggest, but also one of the most contentious reforms of our country. In the last post, I had discussed the … More GST: The Good and The Scary (II)
The GST has occupied much of the discourse of the country over, from dinner tables to academia—just why are people losing sleep over something as boring as taxation? Well, mostly because the GST is not just another reform; it can drastically (or better drama-tically?) change the course of this country’s economic and fiscal future. The … More GST: The Good and The Scary (I)
GST! The one tax reform we all want but don’t really understand why. The government finally passed the bill in the Rajya Sabha after missing numerous deadlines. The following article attempts to explain the tax legislation and breaks down its implications. INTRODUCTION For an economy, especially as large, diverse and complex as ours, the wheels … More A Simple Guide to the GST
The funny thing about a democracy is that there is always room for criticism. All of us manage to squeak in some wit and make scapegoats out of the ‘incorrigible’ politicians and the media. Be pro-business and you are an elitist, suit-boot ki sarkar, release a pro-farmer budget and you are populist and are seeking … More Service Tax Rate Hike: The Other Side
It’s that time of the year! The budget will be announced this Monday and like always, numbers and expectations have taken over popular discourse. Here is a quick article on the things to look out for in this budget as well as the major concerns to the run up to this budget. Our economy for … More Budget 2016-17: What to look forward to?
Indian banks are in trouble, which means you and I are in trouble too. A reek of déjà vu grips the nation as it reels under the next financial crises conditions akin to the 2007-08 times. There are talks of bank bailouts becoming imminent though minced under the weight of the government running away from Lehman’s … More Lehman’s Ghosts: The NPA Problem in Indian Banks
The E-commerce industry is a hotbed of competition right now. In the previous post, I noted how E-commerce companies have failed to adequately differentiate themselves and create any sort of brand loyalty. Let’s look at how the various companies have strived to one-up the rest, how they can differentiate themselves and what will drive profitability … More How to win the E-Commerce Battle
My previous post talked about how E-commerce in India might just be the next (late 1990s styled) bubble, with companies getting sucked into a quicksand sinkhole of perpetual discounting. Fickle brand loyalty in tandem with the looming fear of big conglomerates jumping the bandwagon is a serious threat to the existing players. Read the complete … More Who will survive: Amazon or Flipkart?