Tuesday, 19 February, 2019

Ilanomics

A farmer at work

Why higher MSPs don’t really help the Indian farmer in the long run

Production of pulses went up in response to the higher MSP, but mandi prices crashed.
File photo of RBI Governor Shaktikanta Das | Kiyoshi Ota/Bloomberg

Shaktikanta Das’ RBI has a delicate task – balance govt’s fiscal targets & its autonomy

The RBI governor is likely to find a way to transfer the right amount of money to help the government meet its fiscal targets.
RBI Headquarters in Mumbai

Narendra Modi government now has a great opportunity to reform RBI

Long-term reform requires a vision and the willingness of the government and the new RBI Governor to risk political capital.
A customer holds Indian one hundred rupee banknote in India | Dhiraj Singh/Bloomberg

Modi govt & RBI should allow rupee to fall, not lose nerve by the fear-mongering

The rupee's current rout can be seen more as an overdue recalibration than a flash in the pan.
RBI in Delhi

By abandoning bill allowing bank sell-off, Centre has failed the ailing sector

India may soon come to regret not setting up a resolution regime after the 2008 crisis as many nations did.
Call Centre operators in New Dehli, India

Does the data show India is creating jobs or not?

The pessimist will argue that demonetisation and GST have caused waves of layoffs in the informal sector, but there are arguments by the optimistic, that complex structure of tax has created jobs in formal sector. 
A man walks past the Reserve Bank of India headquarters in Mumbai | Shashank Parade/ PTI

India’s banking system requires a stronger watchdog

RBI’s supervisory capacity needs strengthening — including better training, more specialization and longer tenures for officials, among other measures that the bank itself has recommended.

OnCamera

Illustration by Soham Sen/ThePrint

Blood, bodies and scars: What I saw after the 1983 Nellie massacre in Assam

On the anniversary of the Nellie massacre in Assam, which claimed thousands of lives in a few hours, I recall the horrid sights.

As Pakistan’s leverage with US, China, Saudi Arabia grows, is it even possible to isolate it?

Pakistan signed deals worth $20 billion with Saudi Arabia, even as India vows to isolate the neighbour diplomatically after the Pulwama attack on a CRPF convoy.

Defence

A Rafale fighter aircraft seen during rehearsals for fly-past ahead of the 12th edition of AERO India 2019 at Yelahanka Air Base in Bengaluru

IAF deputy chief and other senior officers set to fly Rafale at Aero India

Even as political slug-fest continues over the deal, IAF is throwing its weight behind Rafale, the first of which is to be delivered in September 2019.
National Interest

Suicidal Pakistan should know Modi may not be scared of its nuclear button

Pakistan has taken too much of a chance with Pulwama — with the wrong government in India, and at the wrong time.