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Thursday, April 02, 2020

Express Economic History Series

EXPRESS ECONOMIC HISTORY SERIES NEWS

Towards a less-cash, less-paper economy: RBI’s push for ATMs, electronic transfers

April 05, 2017 6:07 pm

RBI’s Payments and Settlements System Vision 2018 now aims to ensure that a variety of electronic payments are cost-effective for both users and service providers.

In fact: How Budgetmaking has changed, and how it may change again

April 05, 2017 6:07 pm

Real reform will come when, like in many other countries, the Budget is just a statement of receipts and expenditure, rather than the massive, secretive affair that it is in India now.

In fact: Decision at last minute, delay norm in picking RBI Governor

April 05, 2017 6:07 pm

There are many who back the idea of a transition to make the process smoother. But such an arrangement runs the risk of the incumbent Governor taking a back seat even when his tenure isn’t over.

GST Bill: From Jaswant Singh to Arun Jaitley, its 13-year journey

April 05, 2017 6:07 pm

Getting the GST law through this time is a reflection of “change with continuity” as Indian policymakers and politicians would say.

In fact: The crisis of the Chandra Shekhar months, borrowings and recovery

April 05, 2017 6:07 pm

In between 1991 and 1993, India borrowed $ 2.2 billion from the IMF under two standby arrangements, besides the $ 1.4 billion under the Compensatory Financing Facility in early 1991.

In fact: RBI head and crisis manager during 1991 BOP turmoil

April 05, 2017 6:07 pm

Venkitaramanan's advice essentially was that the economy was vulnerable and therefore, the political leadership ought to consider approaching multi-lateral lenders such as the International Monetary Fund for assistance or a loan.

SEBI and FMC: The story of a merger that took a dozen years

April 05, 2017 6:07 pm

The final merger of FMC and SEBI came when Finance Minister Arun Jaitley announced it in his 2015 Budget.

In fact: How India learnt to promote, and regulate, competition

April 05, 2017 6:07 pm

As early as 2002, the first expert group made the point that it was important to ensure that the competition legislation does not become anti-competitive.

Borrowing abroad: Lessons in search of ‘golden mean’

April 05, 2017 6:07 pm

From low single digits three decade ago, foreign commercial borrowings now constitute over 38% of India’s external debt of over $ 470 billion, reflecting the changes in the economy.

In fact: The good and not-so-good in the Mauritius tax treaty

April 05, 2017 6:07 pm

The Mauritius tax treaty came into sharper focus in 2001 when the stock market scam linked to Ketan Parekh blew up, leading to a probe by a Joint Parliamentary Committee.