Ajay Shah writer is professor, NIPFP, Delhi
To reform tax policy, government must think about it more clearly.
Strengthen the New Pension System to head off ‘one rank one pension’-like political crises.
The question of the age is how to set up a regulatory apparatus that powers high growth. Draft Indian Financial Code offers an answer.
We need a holistic bankruptcy code. RBI’s Strategic Debt Restructuring Scheme is not the answer.
Institutional capacity in finance SEZs will eventually reform the mainland.
There are expectations of bold reform that will shift India to a high-growth trajectory. But better implementation of socialist policies or mere announcements of projects will not deliver results. The reforms that matter are deeper institutional changes — we need high-performance government organisations, necessary in a mature market economy. Such reforms would threaten discretionary power, laziness […]
To enable infrastructure investment, financing bottlenecks must be removed and bankruptcy procedures created.
RBI rules on wilful default are a throwback to the age of khap panchayats.
RBI governor must realise that financial regulation reforms proposed by FSLRC are necessary.
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