Author Archives: Roy

About Roy

Ce n'est pas moi

Why RBI needs to tap insurance, pension funds for infra finance and not go for long term finance banks

Since the Reserve Bank of India released its discussion paper on Wholesale and Long-Term Finance Banks (WLTF), much ink has been spilt over how it is much needed or how it has been tried before with ICICI, IDBI, IDFC etc. … Continue reading

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Populism – Past and Future

Once confined to specific corners of the world and largely ignored, the 21st century has seen a revival of populism in politics. But where is it headed? Continue reading

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Political Funding

On November 8, 2016, when Prime Minister Narendra Modi declared 86% of the currency in circulation as illegal tender to curb illicit wealth, he promised to take more steps to curb the generation of black money. On December 31, he … Continue reading

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Grads with Grades that go nowhere

Since 1991, India has been among the fastest growing economies in the world. World Bank estimated that in the 1960s, approximately 45 percent of the population lived below the poverty line. This figure is now down to around 23%. Per … Continue reading

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And the city softly sings the blues

India is a largely rural country with 68% of its population living in villages. As per the 2011 census, approximately 32% of the population or 38cr people stay in Indian cities. This figure is expected to grow rapidly to 59cr … Continue reading

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RBI’s Demonetisation Cross

CThe sequence of events leading to the demonetisation move are becoming more convoluted as more information is revealed. At this point, it is starting to resemble a comedy of errors at best and an insidious plot at worst. We attempt … Continue reading

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Calling for a Head

We will state our baseline assumption first; the “implementation” of the demonetization exercise, though admittedly an historically unprecedented exercise in its scale and timelines, could still have been far better. We will not get into whether the exercise was justified … Continue reading

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Unemployment as a Societal Problem

East Asia went through an economic miracle between 1960 and 1990, with income per capita nearly tripling. The four Asian Tigers, including Hong Kong, Singapore, Taiwan and South Korea, achieved impressive growth rates of more than 7% for more than … Continue reading

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Fintech Opportunities for Financial Inclusion

There has been so much noise around fintech recently that it is very easy to do both either get caught up in the hype or believe that it is another tulip mania. Matt Levine in a brilliant piece in Bloomberg … Continue reading

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Game Theory and Traffic

The below rant got published in GovernanceNow.

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