GST Implementation

The 40-plus days of advance notice should be a relief for corporates and enterprises, he saysNeelkanth Mishra | Last Updated at August 2, 2017 02:28 IST (This was published in the Business Standard: link) While it was known for a while that the GST Council was going to finalise the rates in their May 18-19 … Read more

The income pyramid is hard to dig into

Is high growth inevitable for companies operating in under-penetrated sectors?Neelkanth Mishra | Last Updated at June 5, 2017 22:56 IST (This was published in the Business Standard: link) Is high growth inevitable for companies operating in under-penetrated sectors? Many of us implicitly assume as much, particularly investors when they indiscriminately invest in such companies despite … Read more

There is still hope for agriculture

In Madhya Pradesh, agri is now 38% of its total output, versus 17% (and falling) average for IndiaNeelkanth Mishra | Last Updated at May 1, 2017 22:44 IST (This was published in the Business Standard: link) The state of Madhya Pradesh (MP) saw a 30 per cent increase in agricultural output last year. While it … Read more

Are regulators behind the curve?

The Union govt can only enforce fiscal deficit targets for states as long as states owe it moneyNeelkanth Mishra | Last Updated at April 3, 2017 23:31 IST (This was published in the Business Standard: link) Are regulators behind the curve on state governments’ bond issuances? In the past seven years, even as the absolute … Read more

Beyond the farm

Recent surveys suggest a sharp drop in agricultural employment. What must the government do?Written by Neelkanth Mishra | Updated: March 30, 2017 12:00:16 am (This was published in the Indian Express: link) We stand at a critical point in India’s economic history, when jobs finally appear to have started shifting away from agriculture. During the … Read more

Capital rush shows plumbing problems

The ratio of bank loans to GDP, a measure of banking penetration, is among the lowest in the worldNeelkanth Mishra | Last Updated at March 6, 2017 22:50 IST (This was published in the Business Standard: link) Growth in bank loans is at a 50-year low when financial savings are rising: As a percentage of … Read more

Dealing with deprivation

The much discussed JAM (Jan-Dhan+Aadhaar+Mobile) trinity holds great promise for India, in our viewNeelkanth Mishra | Last Updated at February 6, 2017 23:05 IST (This was published in the Business Standard: link) The much discussed JAM (Jan-Dhan + Aadhaar + Mobile) trinity holds great promise for India, in our view. When everyone has bank accounts, … Read more

Vexing taxing problems

Centre-state data sharing is currently a distant dream but can be ground-breaking if implementedNeelkanth Mishra | Last Updated at January 2, 2017 23:24 IST (This was published in the Business Standard: link) Recent developments have reopened some long-running debates about our country, like of “state capacity” (how closely does the execution of a policy mirror … Read more

Cash is medieval, cards break vicious economic cycles

Cards provide better security and don’t face the problem of providing change.Written by Neelkanth Mishra | Updated: December 30, 2016 6:33:48 am (This was published in the Indian Express: link) There is something medieval about cash: In providing the medium of exchange economies needed for transactions, rulers made a hefty profit converting pieces of paper … Read more

Risk and some disorder

There had been a clamour for radical reforms. Demonetisation shows what real reforms feel like.Written by Neelkanth Mishra | Updated: November 16, 2016 5:07:57 am (This was published in the Indian Express: link) The announcement that currency notes of Rs 500 and Rs 1,000 denomination would no longer be legal tender brings down the currency … Read more