July 2015 – Tessellatum

Curing the weak steel sector

January 1, 2021July 18, 2015 by thetessellatum

Given steel capacity in India is largely debt-funded, systemic risks emerge as banks still support weak companiesBy: Neelkanth Mishra | July 18, 2015 12:18 AM (This was published in the Financial Express: link) It is again one of those times when medical analogies become appropriate for the Indian steel industry: like any serious disease, the … Read more

Fiscal credibility deficit

January 1, 2021July 13, 2015 by thetessellatum

Centre’s untidy money management creates unnecessary economic volatility and impedes investmentWritten by Neelkanth Mishra | Updated: July 13, 2015 2:41:54 am (This was published in the Indian Express: link) Before our ancestors figured out why solar eclipses happened, their “explanation” was mostly some evil creature swallowing the sun: the rakshasa Rahu in Hindu mythology, dragons … Read more