P Vaidyanathan Iyer

Articles By P Vaidyanathan Iyer

What to expect in 2019, Economy: Some gains likely in poll year, but don’t count on growth spurt yet

Gains from GST and insolvency code will begin to accrue, but may not immediately translate into higher growth rates. The impact of the new government’s decisions will take a while to show. Major worries remain at home and abroad. Expect volatility in the stock markets.

Three years ago, key statistics panel revised UPA growth up, Niti Aayog rejected it

Then Chief Statistician T C A Anant confirmed that the release of data was withheld. “Niti Aayog had issues with a particular proxy we used for corporate sector growth estimates,” Anant told The Indian Express.

Simply Put: When a bank becomes a PSU

Governor administration has cleared a proposal to treat J&K Bank as PSU. How that happened, what it means

RBI: Why a ‘joint family’ story from the past is creating a buzz today

This story of a “joint family approach”, being shared in a small circle of past directors of the RBI Central Board, holds much relevance in the context of the current debate on the optimal level of reserves the Reserve Bank must hold. 

Decoding RBI’s Central Board

Ahead of a crucial meeting next week, a look at RBI board's composition, role and tradition followed so far

Why the rupee’s fall is not a major worry, why intervention by govt and RBI has its limits

With the strengthening of the US economy and rising oil prices, the rupee has suffered a sustained fall this year, sliding from levels of 63 against the dollar in January to over 74 in October.

Urjit Patel: RBI Governor and his governance

If Raghuram Rajan spoke his mind, Urjit Patel whispers it — but is as clear. With govt entering poll mode and the economy hit by headwinds, a fractious relationship will be further tested. The Indian Express explains how both sides need to communicate — and why the options are few given today’s politics and economics

Govt versus RBI: Pressure on RBI to ease credit to small firms, relax lending norms

RBI Deputy Governor Viral Acharya’s outburst came after push by part-time, non-official directors.

R C Bhargava on IL&FS, Maruti boards; his son in investor Abu Dhabi fund

While ADIA declined to comment on the questions mailed to its spokesperson, a source clarified that Aditya Bhargava is head of India real estate and has no involvement with nor has any visibility on equity investments like these which are subject to Chinese walls.

IL&FS crisis: ‘Name us but why didn’t Centre name shareholder directors’

Five independent directors on the erstwhile board have written to the newly appointed chairman Uday Kotak on October 2 raising several red flags and elaborating on constraints of long-term finance that plague the infrastructure sector.

On Election Commission’s table: Model code to kick in as soon as House dissolved

This will mean that states may be barred from taking any policy decision which may be in the nature of influencing the electorate.

In wake of caste protests, PMO holds its first meeting on affirmative action in private sector

The meeting comes in the wake of nationwide protests by several groups — Dalits, Jats, Marathas and upper-castes — over a range of issues: from quotas in jobs and promotions to alleged dilution of the law meant to protect Dalits.

Rathin Roy interview: ‘Current account deficit, a symptom of consumption by just top 100 million’

Rathin Roy says the increase in the CAD is partly a result of the goods and services like four-wheelers, higher education, civil aviation, and recreation travel consumed by a small percentage of the population, say 100 million.

2008 global financial crisis: What government overdid, or didn’t do

India bounced back from 2008 crisis thanks to stimulus packages, but faltered by letting these continue. And it still has a long way to go in ensuring greater coordination between govt and financial regulators.

Non-Performing Assets: When and how did banks pile up such bad loans?

In the years just before the collapse of Lehman Brothers and the global crisis, India saw a boom. The strong growth of 2006-08 triggered an ‘irrational exuberance’, in which lay the seeds of many of today’s NPAs.

GDP back series was second best solution: Sudipto Mundle

Sudipto Mundle, told The Indian Express that the estimates were the “second best option” in the absence of comparable data for earlier years up to 1993-94.

Sudipto Mundle interview: ‘Nobody has questioned integrity or methodology of back series GDP data’

The report presented a back series for GDP data that has been due since January 2015 when the government moved to a new base year of 2011-12.

Simply Put: Why a currency war is a worry

Trade skirmishes raise fears of a global currency war. A look at how it can affect India and other economies.

Govt’s plan for PSUs to procure from Dalit SMEs fails to take off

In 2017-18, Central PSUs bought Rs 543.86 crore worth goods and services from SC/ST enterprises, accounting for just 0.46% of their total procurement of Rs 1,16,837.27 crore.

Raghuram Rajan at Harvard: India poised for higher growth, but has to stay away from autocratic path

Former Reserve Bank of India Governor Raghuram Rajan on Wednesday said India was poised to chart a higher growth path and stay there provided it does not go down the autocratic path along the way.