Shaji Vikraman

Articles By Shaji Vikraman

Maybe it’s time to provide statutory protection for RBI Governor’s term: Raghuram Rajan

"In India, there is a certain amount of rural-urban divide which is due to the farm distress and the traditional problem of poverty which despite our progress has not been eliminated," says former RBI Governor Raghuram Rajan.

Explained: Can Rahul Gandhi’s basic income scheme be a game changer?

Congress has announced Rs 72,000 a year for poorest 20 per cent. What are the arguments for and against such schemes, and what will it take to implement it? A look at the economics, precedents and challenges ahead.

In light of L&T and Mindtree, a look at how hostile takeover bids have played out over the years

Before L&T & Mindtree, there was Swraj Paul & DCM, Escorts. How such bids have played out over the years.

Government representative on interest rates panel: move in New Zealand, debate in India

The move in New Zealand follows changes to the law governing the central bank there.

Without the connivance of the Centre, no state can be fiscally irresponsible: Y V Reddy

In terms of overall fiscal stability, the states are doing better than the central government, says Reddy.

Simply put: Levelling the bankers’ field

RBI has unveiled draft rules on compensation of top bank execs who take undue risks. A look at how some bank executives entered into questionable deals, and the private bankers got away. This is set to change.

Explained: RBI’s payouts to the govt — why, and how much

This is the second year running that the RBI has paid an interim dividend to the government; it had approved an interim payout of Rs 10,000 crore last year.

Simply put: Should we worry of recession?

Economics Nobel winner Paul Krugman warns that the US could possibly be heading for a recession. Amid slowdown in Europe, how strong are the grounds for such fears in the US, and what can it mean for India?

How ICICI clawback can be a game-changer in India’s financial sector

One of the signals for higher executives in the Indian financial sector is that this could be a trigger for greater scrutiny of their performance vis-à-vis their remuneration packages and measured against their governance practices and conduct.

History headline: India’s story, through its Budgets

All these pronouncements by successive finance ministers in their Budget speeches will be put to test in the years to come.

Budget 2019: 0.1% fiscal slip in handout year, Govt keeps fist tight

Last year, the Government blinked on this uncompromising stance, fiscal deficit deepened from the targeted 3.2% to 3.5% of GDP. And the interim Budget put the fiscal deficit target for 2018-19 at 3.4% of GDP, marginally higher than the budgeted 3.3%.

Explained: In election year, what is the politics and economics of the budget?

Budget 2019: What government sought to achieve with farmer support scheme, how far middle class will benefit from tax rebate, and other takeaways.

Explained: What is interim Budget?

Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what interim Budgets have covered over the years, or left for the next government.

Red flags relevant but why silence in our case, ask govt bank officers

In July last year, addressing the SBI Economic Conclave, Arun Jaitley had raised similar red flags relating to investigation and crime.

Simply Put: ITRs, pre-filled with trust

The government is working on pre-filled Income-Tax returns using TDS data available with it. When did this idea originate? What are its advantages, and what are some of the concerns articulated by critics?

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?