Cost of the Free Lunch

The party between the banks and the wilful defaulters - How much did it cost us?   Read here...

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Fourth Industrial Revolution: How should India React?

Hello guys! I wrote a draft policy discussion paper on the impact of forthcoming technologies like robotics and artificial intelligence on the economy. Please read it at your leisure. Any critical comments are more than welcome so that I can make incorporate them and make it better. The questions addressed are: will the upcoming industrial …

Indian Economy: Budget Discussion

This budget has presented a lot of data... Fiscal deficit, current account, inflation, gdp growth, manufacturing and what not... And it has presented a rather rosy picture before us. Fiscal deficit would be reined in at 4.6% (below even the targeted 4.8%), current account deficit is down to below $40 billion (vs estimates of over …

Growth vs Entitlements: Impact of PDS on Poverty Reduction

one of the most scholarly paper i ve come across so far on pds and growth vs entitlement issue. and unusually unbiased as well in terms of data and conclusions (despite the occasional rhetoric here and there which is unavoidable considering they are jnu profs... but at least the academic integrity has been maintained). authors …

For the love of left or right

One of the biggest lessons (learnt rather rudely though and still not perfectly) of my trading days was that conviction behind a trade is essential. But being in love with it is suicidal. For the love of the trade often makes one blind even to the clearest of writings on the wall. Today I trade …

The Economics of a Girl Child

After Amir Khan talked about it on his show Satyamev Jayate the issue of saving the girl child caught the public imagination. The government machinery swung into action and within no time numerous advertisements were issued by the governments in newspapers. An example of such advertisements is shown below. Many facebook pages came up like …

How does India estimate its poor?

The purpose of this one is not to take any sides in the ongoing debate over the (ill) famed Rs. 26 (and subsequently lowered to 22 point something) poverty line. I just intend here to present in simple words the poverty estimation procedure in India to everybody so that (s)he can form an informed opinion …