An expert committee report: Harnessing the India Post network for financial inclusion has been released. This is a joint effort between Department of Post, Department of Financial Services, Department of Economic Affairs and Invest India Economic Foundation. It has some interesting new ideas on the unique role of post offices in financial inclusion, and the way to best harness these strengths while retaining a useful sense of the public/private divide.Also see:Souvik Sanyal in the Economic Times, 29 July 2010.Stamps, savings, microloans...
Friday, 30 July 2010
Wednesday, 28 July 2010
Thursday, 22 July 2010
I have a column a href="http://www.mayin.org/ajayshah/MEDIA/2010/autonomy.html">Whenshould a government agency have autonomy?, in the FinancialExpress today. This is a hot subject in India today, in theaftermath of the ULIPs ordinance. While on this subject, also see:/a a href="http://www.livemint.com/2010/06/30202552/The-taming-of-a-regulator.html">An editorial in Mint. /a a href="http://www.livemint.com/2010/07/12211501/Should-Finmin-be-the-super-reg.html?atype=tp">Tamal Bandyopadhyay in Mint. /a a href="http://www.hindustantimes.com/Regulators-need-autonomy-but-also-accountability/Article1-574352.aspx">Gautam...
Thursday, 15 July 2010
The top selling Indian newspapers according to Amazon's kindle subscriptions.India's courts may be in a slow process of reshaping India into a liberal democracy. Here is a Supreme Court ruling which blocks the Maharasthra government from interfering with the rights of a citizen to read a certain book. Sadly, it was done on a technicality.Manish Sabharwal in the Financial Express on an important new initiative of the Ministry of Labour.Eric Bellman in the Wall Street Journal on the rise of Madras in automobile manufacturing. There...
Wednesday, 14 July 2010
Tamal Bandyopadhyay has amazing sources. He got the full text of RBI's letter about the Protect Insurance Companies Ordinance. And, he has got a copy of the elusive MoF FSDC White Paper. Tamal, please release these on wikileaks! Also see Shaji Vikraman in the Economic Times.And, see C. Rangarajan's comments in the Indian Expre...
Monday, 5 July 2010
Today, opposition parties are trying to coordinate demonstrations and a `Bharat Bandh' all across India. We've got empty roads of the kind not ordinarily seen:The focus of these protests is: High inflation.In many other countries, the political landscape has been one where politicians are relatively reckless about inflation, and the economists and central bankers are the ones preaching the virtues of low and stable inflation, asking for an independent...
Saturday, 3 July 2010
RBI raised rates, saying that they are concerned about inflation. What is the state of inflation in India? I find it useful to look at an approximate `core WPI' that is obtained by removing food and fuel from the overall WPI. This has to be done carefully because some food is present in WPI Manufacturing.The right way to think about inflation is to not compute the year-on-year change in prices -- this shows the average inflation over the last 12...
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