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Home / Tag Archives: Indian Economy/Financial Markets

Tag Archives: Indian Economy/Financial Markets

Cryptocurrency Bill: What happens when RBI issues a digital currency?

Apart from banning private cryptocurrencies, The Cryptocurrency Bill 2021 also plans to create a framework for RBI to issue central bank digital currency. My article in Moneycontrol on the questions and issues that will arise once RBI issues CBDC. This entry was posted on December 1, 2021 at 4:30 pm and is filed under Academic research & research papers, Central Banks / Monetary Policy, Financial Markets/ Finance, Indian Economy/Financial Markets....

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Impact of Covid-19 on India’s States

Pragyan Deb and TengTeng Xu in this IMF paper: The health and economic impacts of COVID-19 on India have been substantial, with wide variation across states and union territories. This paper quantifies the impact of containment measures and voluntary social distancing on both the spread of the virus and the economy at the state level during the first wave of the COVID-19 pandemic. We construct a de-facto measure of state-level social distancing, combining containment strigency and...

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Lessons from RBI’s Regulatory Review Authority: Conduct periodic reviews to ease compliance

In Apr-21, RBI had constituted Regulatory Review Authority (RRA) to review and ease regulations, circulars and so on. RRA released its interim recommendations recently. My new piece in Moneycontrol on RRA 2.0.  We need to have these reviews periodically. This entry was posted on November 23, 2021 at 7:36 pm and is filed under Academic research & research papers, Economics - macro, micro etc, Financial Markets/ Finance, Indian Economy/Financial...

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Profile of AW Phillips the person behind Philips Curve and Phillips Curve in India

Michael Debabrata Patra, Harendra Behera and Joice John of RBI in this Nov-21 Bulletin article write on the Phillips Curve in India. The article begins by profiling AW Philips, the person behind the Philips Curve. Quite a journey of the New Zealander who was Prisoner of War for three years! The paper then goes on to discuss the several avatars of the Philips Curve. On India’s Philips Curve: The Phillips curve postulates that unemployment can be lowered (output can be increased) but only...

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Caution against various Co-operative societies using the word “Bank” in their names: History rhymes itself

RBI in its recent (22-Nov-2021) press release cautions cooperatives from using the word “bank” against their name: The Banking Regulation Act, 1949 (BR Act, 1949) was amended by the Banking Regulation (Amendment) Act, 2020 (Act 39 of 2020) which came into force on September 29, 2020. Accordingly, co-operative societies cannot use the words “bank”, “banker” or “banking” as part of their names, except as permitted under the provisions of BR Act, 1949 or by the Reserve Bank of India (RBI)....

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Plane Tales: Air India’s Return to the Tatas

Aashique Ahmed Iqbal of Krea University is a historian of aviation in India. In TheIndiaForum, He has written this reflective essay on return of Air India to Tatas: From the perspective of Tata’s recent corporate history, there is reason to view the takeover of Air India with cautious pessimism. In a recent email exchange, Mircea Raianu pointed to the similarities between the Air India acquisition and Tata’s expensive purchase of Corus Steel in 2006, both of which were attempts to right...

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RBI releases Report on digital lending including lending through online platforms and mobile apps

In Jan-21, RBI had constituted a working group to study and give recommendations for the rising digital lending. Digital lending has the potential to make access to financial products and services more fair, efficient and inclusive. From a peripheral supporting role a few years ago, FinTech led innovation is now at the core of the design, pricing and delivery of financial products and services. While penetration of digital methods in the financial sector is a welcome development, the...

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Will RBI be like Abhimanyu or Arjuna to break the easy monetary policy chakravyuh?

My new article in Moneycontrol on how central banks and RBI are going to be tested while trying to exit from easy mon policies. This entry was posted on November 17, 2021 at 1:47 pm and is filed under Academic research & research papers, Central Banks / Monetary Policy, Economics - macro, micro etc, Financial Markets/ Finance, Indian Economy/Financial Markets. You can follow any responses to this entry through the RSS 2.0 feed. You...

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Changing Tides in the Indian Money Market

In the the Nov-2021 Monthly Bulletin, Archana Dilip discuses evolution of Indian money markets from 2016 t0 2021: Money market provides short-term capital to a wide class of financial entities and plays a key role in the transmission of monetary policy. This article reviews the important segments of the Indian money market in terms of volume, rate, microstructure, and dispersion of rates for the period from January-2016 to March-2021. Highlights The overnight money market volatility, in...

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An Evaluation of Dr. Ambedkar’s Economic Thought on Agriculture in the context of Globalization

Prof Rakshit Bagde of Mansaramji Padole Arts College Ganeshapur Bhandara evaluates Ambedkar’s economic thought on agriculture: Bharat Ratna Dr. Babasaheb Ambedkar: an eminent socio-economic thinker and epoch-maker shaped the economic destiny of India by introducing many tenets of the State Socialism into the Constitution of free India. He was a post-graduate of Columbia University (U.S.) and obtained his doctoral degree in economics from there in 1917 and D.Sc. degree in 1921 from the...

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