While India has a world class equities trading ecosystem, one of the last missing building blocks is a mechanism to…
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In the early 1990s, stock market trading took place through the BSE floor by open outcry. On a good day,…
When Indian socialism was constructed in the 1960s and 1970s, it induced widespread pessimism about the possibility of breaking out…
The finance ministry is pushing all the listed companies to have a significant amount of outside shareholding. Does this matter?…
Monetary policy requires a handful of good people. There is little political economy in play.
The Ulips ordinance has been criticised on the grounds that it infringes on the autonomy of RBI or Sebi.
The first Indian Depository Receipt, by Standard Chartered, is a historic milestone in the coming of age of Indian finance.
The euro is probably not a good currency for Greece. Is the rupee a good currency for Orissa? The answer…
One of the most important challenges that India faces today is that of building effective state agencies. All of us…
In the private sector, the age of an organisation is not a problem. Private firms have to constantly pass the…
Two kinds of reasons drive the need for better regulatory coordination in finance. The first is the Indian problem of…
In March 1940, the British introduced the first capital controls in India under wartime conditions. These grew into full-fledged controls…
What are the consequences of the floating vs administered regime (in petroleum products) for the level and volatility of inflation?…
The report of the group chaired by Kirit Parikh, on ending the system of administered pricing for petroleum products, is…
When Barack Obama came to power, he handed the task of crafting intricate financial reform to the technocrats.
Observers of India are generally struck by the extent to which statist solutions dominate. Economic reforms are seen as orphans…
In 1992, the ?Bombay Club? led a lobbying effort by domestic industrialists against removing trade barriers. It was a seductive…
Trade integration has been an important source of prosperity and progress in the last 500 years. Some feel that the…
