An Indian Monetary Policy-Maker’s Mind

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


Unbundling Demonetisation

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

Lehman’s Ghosts: The NPA Problem in Indian Banks

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

We Hate Taxes

HOW BLACK MONEY GETS ITS POLISH AND SIMILAR TALES Ramesh: “If black money was an Olympics event, India would have won a gold medal. The second best Russia has 4 times lesser deposits. U.S. is not even in the top five! India has more money in Swiss banks than all the other countries combined!” Suresh: Woah! How do … More We Hate Taxes