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Home / Tag Archives: Indian Economy/Financial Markets

Tag Archives: Indian Economy/Financial Markets

Will RBI’s new inflation forecasting model help?

New piece in Moneycontrol (Behind the paywall): The tighter-than-required monetary policy during 2016-18 is often criticized for derailing Indian growth story; that’s why the new forecasting model assumes importance.. This entry was posted on April 9, 2021 at 6:34 pm and is filed under Academic research & research papers, Central Banks / Monetary Policy, Indian Economy/Financial Markets. You can follow any responses to this entry through the RSS...

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How effective is e-NAM in integrating food commodity prices in India? Evidence from Onion Market

Rudrani Bhattacharya and Sabarni Chowdhury in this NIPFP paper: A series of market distortionary rules and regulations hinder development of an integrated agricultural market in India. In order to ensure greater transparency and uniformity of food commodity prices across states, various reform measures have to be undertaken to developagriculture marketing. These measures concentrate on the numerous areas, specifically infrastructure development, information provision, improving the role...

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RBI’s Financial Inclusion Index

RBI in Apr-21 policy: Financial Inclusion has been viewed as a key enabler for achieving inclusive and sustainable development worldwide. This has been a thrust area for Government, Reserve Bank and other regulators, with a number of steps having been taken and significant progress made over the years. To measure the extent of financial inclusion in the country, the Reserve Bank will construct and periodically publish a “Financial Inclusion Index” (FI Index). The FI Index would be based...

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RBI rejigs Deputy Governors’ portfolio yet again..

RBI rejigs the Deputy Governors’ (DG) Portfolio yet again. Shri BP Kanungo retired and his portfolio was allocated to the three DGs. Since July 23, 2019, when Viral Acharya left the RBI, the central bank has reshuffled the DG portfolio four times with three of these reshuffles in 2020 alone.  The reshuffling happens as Government is unable to appoint a replacement for a retiring/resigning DG. In an earlier piece, I had written about this constant rejigging and even suggested ways to...

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100 years of Imperial Bank of India

On 27 Jan 1921, the three Presidency Banks were merged into one bank and named the bank as Imperial Bank of India. The Imperial bank of India was nationalised and renamed as State Bank of India in 1955. The Imperial Bank of India had a very interesting history of its own. For a long time there was thinking of setting a State Bank to manage the central banking operations in India. The discussion veered from setting a new central bank or to merge the three Presidency Banks into one entity...

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160 years of paper money in India

In 1861, the British enacted Paper Currency Act unifying the paper currency business. Rachel Lopez narrates this history of paper money in two articles in Hindustan Times: Cash of the titans: How India’s paper money came to be Clay, metal, paper: How our money evolved One could also read my three part series on evolution of money globally and nationally featured in Moneycontrol: History of Money (Part I) | From cowries to cryptocurrency  History of Money (Part II) | Currencies, banking...

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How should RBI regulate NBFCs?

New position paper from Dvara Reserach team: Deepti George, Dwijaraj Bhattacharya, Madhu Srinivas and Sowmini Prasad. First what ails NBFC regulation: At the heart of the current regulatory approach for NBFCs, is a view that they are competitors to banks rather than complements. This is, in our view, a flawed approach that creates a false equivalence between NBFCs and banks. It needs to be recognised that NBFCs are specialised intermediaries with a deep understanding of the real sector...

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The Splendoured Gardens Of C.D. Deshmukh

Superb profile piece of CD Deshmukh by Shri G. Sreekumar, former RBI official. C.D. Deshmukh, who served as India’s Central Banker and Finance Minister, had an illustrious career. A polymath, he was adept at managing the affairs of the economy. He was also a passionate gardener, who planted trees and gardens wherever he went. His interest in botany saw him plant the most elaborate gardens with some of the rarest plant species. At a time when the nation is going through a process of...

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Listed corporates are required to put video/radio recording of their meetings with analysts/institutional investors

In the SEBI Board Meeting held yesterday on 25-Mar-21 several decisions were taken. One of them should go a long way in improving transparency in stock markets: Presently, a listed entity is required to disclose the schedule of analyst/institutional investors meet and presentations made in such meetings, to the stock exchanges and on its website. The Board has decided to amend the regulation to introduce the requirement of disclosing: Audio/video recordings of such meetings on the...

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Upcoming birth centenary of Mr. P.V. Narasimha Rao: 28 June 1921-28 June 2021

The year 2021 marks 100th birthday of Mr. PV Narasimha Rao (PVN), India’s ninth Prime Minister.  PVN was born on 28 June 1921 in a village in then Nizam run State of Hyderabad. The man knew ten languages including three foreign ones and could even run computer programmes in Basic, Cobol and Unix. Apart from being the PM, he held most of the important political portfolios in his career: Foreign Minister, Home Minister, Defense Minister, Chief Minister of Andhra Pradesh and so on. On...

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