RBI’s updated strategy requires another update
The central bank’s Utkarsh 2.0 document should have been more specific about how it plansto achieve its medium-term aims and not left out horizon challenges such as climate finance
India should propose a G Minor at the G20 for greater inclusion
In December, India began its yearlong G20 presidency, taking over from Indonesia amid rising geopolitical tensions and economic uncertainty
Awful arguments were made against demonetization
The verdict of the Supreme Court, a few days ago, that demonetization was lawful is probably the last time that bizarre event would be national news
Global news of industrial policy’s demise was vastly exaggerated
Much free-trade advocacy is done by rich countries that have long had policies of industrial promotion behind tariff walls
Change is visible in the way India is being perceived
India has the second-highest rate of millionaire migration, right behind nations such as Russia and China.
Let’s keep it real
Since last year’s off the-charts figure was a one-off, thanks to the preceding year’s covid contraction, this year’s growth represents an actual gain of significance after two years lost to the pandemic
How serious is the challenge of the petroyuan?
The peculiar characteristics of the global energy market make the rise of the petroyuan over time a distinct possibility.
Impact of migration does not necessarily reduce worker wages
Conventional economics holds that after an influx of Cubans into Miami, worker wages of the residents there would reduce.
Green hydrogen: Not a lot of hot gas
The government will support green hydrogen with something like ₹20,000 crore. This is to be welcomed, rather than condemned as super-feeding the fattest of the fat cats.
State governments have chosen between two pension schemes
The fear of states reverting to the old scheme is receding because the transition isn’t yielding the short-term gains they expected
Technology has a bright future beyond the clutches of capitalism
2022 was too difficult a year to be optimistic about much in general, and an almost impossible one to be cheerful about technology in particular.
Green hydrogen has got a spark that it deserves
Innovation to reduce its cost of production could see India lead this emerging field of clean energy, which would help not just decarbonize our economy but also enlarge our policy space
Joint-audit proposal: A spanner in the account books?
There is little evidence to show that joint audits enhance the audit quality, which is why many countries have rejected them. Their challenges and downsides are found to outweigh benefits.
Reductive relations
Nationalist Congress Party leader Sharad Pawar this week sought to give his criticism of BJP policies a new social edge by drawing a link between unemployment and marriage rates
In this age of ageism, spin a wheel of fortune for justice
In a largely conservative country that’s rumoured to revere age, it’s easy to assume it is not an issue.
Online gaming must not get to game this market
India’s draft IT regulations for gaming are too strict in parts but welcome in asking for self regulation. Given its risks, this industry can’t expect a free run. Or a single code for all states