ISSN (Online) - 2349-8846

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Weak Note of Caution on

The prolonged deployment of “unconventional” monetary policy responses that began in reaction to the financial crisis of 2008, especially “quantitative easing,” set off speculative investments and fuelled asset bubbles. Since they cannot allow the new bubbles to give in, policymakers must persist with decisions that inflate asset prices. By doing so, they end up sitting one more bubble on the previous one. The probability that one or both may burst has only increased.

The Kashmir Charade This Winter

The ill-planned and hurried appointment of an interlocutor for Kashmir by the government, supposedly for a sustained dialogue, does not suggest that the government is serious about resolving the Kashmir conflict. The initiative, however, appears to want to hold the United States at bay, which needs India and Pakistan talking to safeguard its Afghan engagement. The interlocutor’s mission will likely turn out to be yet another wasted opportunity in Kashmir.

Two Small Steps towards Transparency

Two recent decisions, one administrative and one judicial, have given hope that the judiciary has finally accepted how non-transparent and unaccountable its functioning has become. The decision to make collegium resolutions public and the judgment to streamline designations of “senior advocates” are necessary first steps towards the larger goal of transparency in the judiciary. Both instances highlight the need for the bar and advocates to speak up for the institution and on behalf of the larger public interest.

Revamping Bank Regulation

One of Donald Trump’s big election promises was a substantial rollback of bank regulation. Trump and his Republican followers believe the regulations ushered in by the Dodd–Frank Act in the United States (US) are too onerous and too complex. They think it could render large US banks uncompetitive,...

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