surjit-s-bhalla

Surjit S Bhalla

The writer is chairman of Oxus Investments, an emerging market advisory firm, and a senior advisor to Zyfin, a leading financial information company.

No Proof Required: An ideal MPC for India
Wed, Jul 29, 2015

The most desirable monetary policy committee will be one that gives primacy, but not total control, to the RBI.

How bad is the SECC data?
Thu, Jul 23, 2015

It’s very bad. It proves the adage — garbage in, garbage out.

No Proof Required: Conflict of interest, anyone?
Mon, Jul 27, 2015

High time the PM asked all BJP politicians to give their LPG cylinder, sorry, BCCI job, back.

No Proof Required: It is the BCCI, stupid
Sat, Jul 04, 2015

If I were in Sushma Swaraj’s position, I would have acted like she did.

Is Lalit Modi a fugitive?
Sat, Jun 27, 2015

From available evidence, he isn’t. So where is the need for Raje and Swaraj to resign?

Needed: neta-cricket divorce
Tue, Jun 23, 2015

PM Modi should set an example by asking all BJP politicians to resign from the BCCI and its affiliated bodies

No Proof Required: The change is here
Sat, Jun 13, 2015

In the Modi regime, profit-making and job creation is no longer seen as dirty work.

No proof required: Legacy of tax terrorism
Fri, May 15, 2015

In its first year, Modi government has undertaken a major economic restructuring. But it has also scored policy self-goals.

No Proof Required: Some media-bashing
Sat, Apr 25, 2015

Going by their learned comments on farmer suicide, if the Congress had won the previous election, it would have introduced a right to happiness bill to satisfy all voters.

No Proof Required: New GDP is for real
Sat, Apr 18, 2015

Pessimists on Indian growth will have to look for pastures other than the new GDP data

Book review: Reading Mihir S. Sharma’s ‘Restart’ akin to the peeling of an onion
Mon, Mar 30, 2015

The documentation of the Kafkaesque Indian labour laws meant to protect the elite worker.

Three finals in 2015?
Tue, Mar 24, 2015

Cricket World Cup so far has been humdrum. But next three ‘finals’ have the potential to make this a cup to remember.

No Proof Required: So why not ban the RSS?
Fri, Mar 06, 2015

It is wrong to ban ‘India’s Daughter’, wrong to extend ambit of cow-slaughter ban, and wrong to ban extremist political organisations.

No such thing as free water
Wed, Feb 18, 2015

AAP should scrap free water policy for all and target poor localities, and those with no access to piped water.

No Proof Required: A fifth triumph for Australia?
Sat, Feb 14, 2015

What’s in the stars, and in the stats, for World Cup 2015.

No Proof Required: Dilli ko gussa kyon ayaa
Wed, Feb 11, 2015

Modi should not see AAP victory as having relevance only for Delhi. Kejriwal should not see it as having meaning beyond Delhi.

No Proof Required: Believe it or not statistics
Sat, Feb 07, 2015

The miraculous 2013-14 growth has essentially come from artificially lowering the numbers for 2012-13.

Delhi Assembly Polls
No Proof Required: Straw in the Delhi wind
Sat, Jan 24, 2015

Here’s an early forecast: It’s advantage BJP.

2015 cut foretold: 200 basis points
Fri, Jan 23, 2015

Most forecasts of repo rate cuts needed in India this year seem to be out of sync with the underlying trend of inflation and growth in India and the world.

No Proof Required: Why ignorance is not bliss
Sat, Jan 17, 2015

Most expert views in India are in fact an ex-post opinion for every ex-ante fact.

Great inflation decline: a whodunit
Tue, Jan 06, 2015

It cannot be accounted for by the oil price decrease, or that in the prices of metals, or food.

No Proof Required: Tipping point 2015
Fri, Jan 02, 2015

‘Achhe din’ are coming for the world economy starting today.

No Proof Required: Why no applause for Narendra Modi’s reforms
Sat, Dec 27, 2014

The important has been replaced by the irrelevant, a consequence of BJP/ RSS distractions on non-policy issues

No proof required: Move from NREGA to cash transfers
Fri, Dec 12, 2014

Because, for too long, the government and economists have only played at helping the poor

Course correction needed
Wed, Dec 10, 2014

It’s time for Modi to be the Modi the Indian electorate voted for.

No Proof Required: Go on, do a Volcker, please
Thu, Nov 27, 2014

If Paul Volcker were RBI governor, he would cut rates aggressively — starting today

No Proof Required: Who is the real target?
Sat, Nov 08, 2014

There is little evidence that inflation targeting helps reduce inflation — but it helps checkmate irresponsible politicians.

A cut in time saves nine
Fri, Nov 07, 2014

Delay in cutting interest rates would imply that the RBI is looking to bet on a horse after it has won the race.

No proof required: PDS or NREGA, corruption must go on
Sat, Nov 01, 2014

No matter what in-the-name-of-the-poor scheme you cook up, the poor get less than 15 per cent

Wanted: dogma-free models of inflation
Tue, Oct 14, 2014

It is incumbent on experts, policymakers to construct models that stand up to the tests of reality

World Bank isn’t telling it like it is
Sat, Oct 11, 2014

It is better to show higher world poverty by raising the poverty line than to distort history by using obsolete and questionable data

Top ten reasons for inflation decline
Wed, Oct 01, 2014

A resurgence in inflation is a low probability event. Given low GDP growth, why is the RBI acting so coy about cutting repo rates?

To Supreme Court, with anger, pain and shame
Tue, Sep 30, 2014

A rose by any other name is still a rose; an illogical act by any other name is still an illogical act.

RBI, we have a problem
Sat, Sep 20, 2014

If supply-side problems are the major ailment, why not cut rates — since monetary policy can affect output without affecting inflation

Where monetary policy is irrelevant
Sat, Sep 13, 2014

It plays no role in the rise and fall of inflation. RBI must junk its inflation expectations survey before it causes more damage to its reputation

The paradox of captain Mahendra Singh Dhoni
Sun, Sep 07, 2014

Is passionate excess all there is to the criticism that the Indian cricket captain faces today?