High-risk policy

Written by Neelkanth Mishra | Updated: Jul 31 2013, 11:06am hrs (This was published in the Financial Express: link) There is a perceptible fear among investors and corporates that the Reserve Bank of Indias recent tightening of liquidity to protect the currency is a precursor to a prolonged period of high interest rates. To assess … Read more

Reforming, despite politics

For actions to be proactive, not post-crisis, political discourse must involve more economics Written by Neelkanth Mishra | July 15, 2013 1:19:57 am This was published in the Indian Express on 15 July 2013 (link). With stalled growth, a precipitously dropping currency and the government’s and the central bank’s hands tied, pundits talk of “economic … Read more