Shaji Vikraman

Articles By Shaji Vikraman

RBI governor Urjit Patel resigns: Steps down, stands up

Citing “personal reasons”, Urjit Patel quit weeks after a fractious faceoff with the government.

RBI Governor Urjit Patel has left. Now what?

Understanding the background of Monday’s extraordinary development, and what might follow.

Calling a truce

The RBI board meeting signals a new balance of power between bank and government

Explained: The reserves in Reserve Bank

Central banks often look to hold on to capital as a counter against unforeseen events. Economic capital framework was the subject of govt-RBI talks, Economic Affairs Secretary says. How is it worked out?

Explained: How RBI surplus transfers work

This is one of the key issues in the disagreement between govt and RBI. What does the central bank consider in making decisions? How does the surplus transfer system work in other major democracies?

RBI & government: A delicate balance

Unlike now, past differences between government and RBI were probably handled with greater subtlety. But as Manmohan Singh has suggested, when pushed to the wall, some Governors may have chosen to leave.

Call the bond bluff

Government and RBI should pay little attention to the demand of bond vigilantes to hike rates

In bad company

IL&FS crisis underlines it: There is no alternative to corporate governance reforms.

India’s first woman IAS officer Anna Malhotra dies at 92

India’s first woman IAS officer after Independence spent a good part of her day there well after she completed her last official assignment in 1989 as chairperson of Nhava Sheva Port Trust.

Explained: Why Bank of Baroda, Vijaya Bank and Dena Bank are being merged

Govt announces merger of Bank of Baroda, Vijaya Bank and Dena Bank, amid long-felt need for consolidation rather than fragmentation of state-owned banks. How does it help, and what challenges lie ahead?

India’s elite should take responsibility to reduce rising inequality: Narayana Murthy

With 400 million semi-literates and 400 million illiterates in a country like India, job creation will have to come from manufacturing and low tech services, he said.

Narayana Murthy interview: ‘IT sector cannot create large number of jobs, it needs to come from manufacturing’

The current government has put in a lot of effort in encouraging entrepreneurship and in creating a lot of jobs. However, the growth rate of software companies which were the primary channels for creating jobs for engineers has come down, Narayana Murthy said.

Atal Bihari Vajpayee: The liberal Prime Minister, a key liberaliser of India’s economy

Atal Bihari Vajpayee dead: Like the years of P V Narasimha Rao, the Vajpayee era, too, will be remembered for its rich economic legacy.

Making of a diversified Tamil Nadu: How Karunanidhi blended good politics, good economics for state’s growth

One of Karunanidhi's trusted ministers, S Madhavan, then took it forward, with the concept of a joint sector where the state too was a partner, starting with, besides building, large industrial parks and infrastructure across the state.

‘Other successful developing Asian economies have been more equal than India’

James Crabtree talks about the Indian economy’s crony capitalism and alarming inequalities, and the country’s urgent need for sustainable urbanisation.

Borrowing gets harder, Modi government has lesser money to spend

The reason isn’t just high global crude prices and a weak rupee, which, far from helping raise additional resources to fund a splurge, is fuelling demands for cutting duties on petrol and diesel.

Lateral entry into govt: what the decades-old experience has shown

The success of the lateral entry announced by the government now will depend on transparency and its ability to address potential conflicts of interest, and to lay down proper terms of engagement.

SBI chief Rajnish Kumar says bank already big, more mergers are not advisable

In the past, too, many mergers in the banking sector have been forced ones. The SBI is seen as a candidate given its size and strength to take over any troubled banks if its principal shareholder does have its way down the line.

SBI Chairman Rajnish Kumar interview: ‘Days of over leveraging, thin equity are behind us; NPAs will also start to come down soon’

There’s greater realisation now. One is about the borrowing itself. I think the days of over leveraging and thin equity are over, says Rajnish Kumar

Auto fuels under GST: Why there’s a case for it, and one for caution, too

Petroleum Minister Dharmendra Pradhan has said government is considering bringing petrol, diesel under GST to check prices