Category Archives: Uncategorized

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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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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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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Game Theory of Traffic

For those of you who have ever argued with me, you would know how I ascribe the traffic conditions on Indian roads to low IQ. That obviously is hyperbole but, this is my attempt to coherently put down my thoughts … Continue reading

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Regulation in the 21st Century

In 2012, the state of Minnesota in the US briefly banned free online education. That’s right, a government thought it was a bad thing for people to educate themselves for free. The government essentially banned universities from offering classes online … Continue reading

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