News: Recent reports suggest that IITs are in talks to open up outposts in Britain. This article says, IITs expanding abroad is a good idea. But there is need of more radical reform. Why there is need of reforms in higher education institutions? One, the IITs are widely respected in India but there is no… Continue reading I For International?
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A Case for Specialists
News: The recent regulatory breaches at the National Stock Exchange is an example of why India needs more regulatory expertise. In this article, the author argues for inclusion of more domain experts in policy making. Why there is need to consider protecting economics from politics and vice versa? One, there was continuity in policy implementation… Continue reading A Case for Specialists
A case for a more federal judiciary
News: The delicate balance between HCs and SC is tilting in favour of the SC. The article discusses the need to balance the power between High Courts and the Supreme Court. Federalism is a midpoint between unitarism, to which the States are subordinate and confederalism wherein the States are supreme and are coordinated by a… Continue reading A case for a more federal judiciary
The cryptosphere needs amplified risk warnings
News: RBI officials have done well to caution crypto enthusiasts by talking about tulip mania and Ponzi schemes. While the case for a digital-token ban remains weak, risk awareness must rise. Offer documents of public offerings give an insight into the associated risk factors to potential investors. But there is no such equivalent in Cryptocurrency.… Continue reading The cryptosphere needs amplified risk warnings
Philanthropy – Power of giving: Fund-starved sectors like science, health, education, rural development need generous HNIs
News: Recently, families of IT firm Mindtree’s co-founders Subroto Bagchi and NS Parthasarathy donated Rs 425 Crore to Indian Institute of Science. IISc. It should be noted that last year, IISc broke into the top 100 band in Times Higher Education’s Reputation Ranking of global universities. The donated amount will utilized to set up medical… Continue reading Philanthropy – Power of giving: Fund-starved sectors like science, health, education, rural development need generous HNIs
Engel’s law and Pandemic’s impact on our food expenditure
News The recent budget has seen a reduction in the amount allocated for food subsidy, mid-day meals and for the Mahatma Gandhi National Rural Employment Guarantee Act. These steps may worsen the situation of the poor who have been struggling to even cope with the disruption to their food budget as shown by a recent… Continue reading Engel’s law and Pandemic’s impact on our food expenditure
The myth of the trickle-down
News: This article says trickle-down is a flawed approach and that’s why Indian policymakers must discover India’s own model of development and shed defunct economic theories. How budget 2022-23 is aligned towards a trickle-down theory? The budget has not announced any populist measure, and taxes on incomes and wealth have not increased. Also, economists believe… Continue reading The myth of the trickle-down
LIC disinvestment: Right and wrong
News: The Government of India (GoI) is disinvesting 5 per cent of the shares of the Life Insurance Corporation of India (LIC). However, the GoI will retain control of the company. Why LIC should be privatized rather than disinvested? First, the previous experience shows outcome of disinvestment in public sector banks has not been good… Continue reading LIC disinvestment: Right and wrong
Niti versus Nyaya: When policy provisions deny people justice
News: A recently released paper titled Jailed for Doing Business by Gautam Chikermane of Observer Research Foundation and Rishi Agrawal of Teamlease Regtech has documented the jail provisions faced by Indian entrepreneurs. This article discusses the difference between Niti and Nyaya while discussing the over-regulation in Indian economy. What does the research paper reveal? There… Continue reading Niti versus Nyaya: When policy provisions deny people justice
Our stimulus should act on consumer confidence
News There has been a lot of emphasis on Infrastructure development for reviving economic growth, however the more potent tool that is consumer demand has not got much attention. How is consumer demand tracked and what are its recent statistics? Reserve Bank of India’s Survey-based index tracks consumer demand. Its latest round shows an increase… Continue reading Our stimulus should act on consumer confidence
