Keeping in view the current state of the Indian economy and the recent trends in oil prices, this article first considers the impact of a permanent oil price shock in a demand deficient economy...
H T Parekh Finance Column
H T Parekh Finance Column
The strategies that were designed to increase access to finance for the poor have not delivered their intended outcomes. It is not just policies, but institutions and markets that need to be...
With the growing emergence of microfinance in India, increasingly jostling for institutional space, we need to ask ourselves if it will actually manage to finally get credit to the rural poor in a...
This article attempts to understand how key features emanating from the twin processes of globalisation and financial liberalisation - especially the growing ascendancy of domestic and financial...
Securitisation is a transaction structure that makes it possible to transfer a large variety of risks from one set of economic entities to another set. Such transactions are welfare enhancing because...
India's capital account is too open. There are flows that can destabilise the non-financial (real) sector. There is (almost) full convertibility for inflows but restrictions on outflows. While the...
The orientation of fiscal policy should be on fiscal correction and long-term issues. Aggregate demand management is then the exclusive domain of monetary policy which by initiating a softer interest...
This note argues that India?s tariff rates be brought down to globally competitive levels and proposes a uniform structure of tariffs. The reduction of duties will be accompanied by a real...
The institutional framework for improving the fiscal situation through incentives for reduction in the revenue deficit has already been put in place in some states and is expected to be done in the...
Even as the cost efficiency and profitability of the public sector banks have improved significantly, recent research suggests that financial deepening involving banks may have suffered on account of...
The debate about 'using' up to $10 billion of the country's foreign exchange for investment in infrastructure is at a stage where all major players, the RBI, ministry of finance and Planning...
In view of the demand-and-supply constraints created by the existing and proposed regulations for independent directors on corporate boards, it is necessary to choose the right set of recommendations...
The market solution in insurance for the small farmer demands payment of very high premium. An alternative is possible, one that can be implemented by NGOs who will have a low transaction cost of...
There are certain regulatory and fiscal issues facing investors in the emerging NPA business. These in their current form would deter investors from investing in the business. This article highlights...
It is easy to force-fund infrastructure by persuading the banks and the RBI to lend money, but this is only likely to result in a fragile banking system. The gains will be greater if the projects are...
