Sovereign foreign borrowing is a bold move

New Delhi, July 12 -- The finance minister, Nirmala Sitharaman's proposal that the Government of India borrow in foreign currency is a bold move. To reap the benefits of foreign sovereign borrowing, f... Read More

The Union budget must incentivise long-term household savings

New Delhi, June 14 -- Gross savings constitute savings of households, private corporate sector and public sector. Savings by the household sectors is the most prominent component of savings. The large... Read More

RBI needs to work on improving monetary policy transmission

New Delhi, June 6 -- The Reserve Bank of India (RBI's) MonetaryPolicyCommittee(MPC) meeting is expected to cut interest rates by 25 basispoints. Thiswillfollowthe two25 basispoint ratecutsin the previ... Read More


New Delhi, May 5 -- The data released by the Reserve Bank of India (RBI) last week shows a pick up in bank credit, led by credit growth of large companies. This improvement seems to be mainly on acco... Read More

Cash transfer promises: Recipe for a fiscal disaster

NEW DELHI, April 27 -- Rate cuts by the Reserve Bank of India (RBI) may not find transmission into lower interest rates in the Indian economy if election promises of large cash transfer programmes are... Read More