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Wednesday, August 05, 2020

Duvvuri Subbarao

Duvvuri Subbarao, former RBI governor, is a retired IAS officer. Views are personal.

What is the problem that monetisation is trying to solve?
Thu, May 28, 2020

If government crosses Rubicon, markets will fear that constraints on fiscal policy are being abandoned.

Covid is teaching us that force of nature is bigger than combined force of science and technology
Sat, May 16, 2020

For all their differences, the global financial crisis and the corona financial crisis are similar in one respect — they both teach us life-enhancing lessons.

Govt must fix an upper bound for fiscal deficit and operate within it
Wed, Apr 15, 2020

Duvvuri Subbarao writes: Unlike rich countries which can throw the kitchen sink at the crisis, India can’t afford to ignore the risks of fiscal excess of that magnitude, no matter the compelling circumstances.

It’s a relief FM did not succumb to spending our way out of the growth slump
Wed, Feb 12, 2020

As much as the headline fiscal deficit numbers are a cause for concern, the underlying quality of fiscal consolidation is a bigger concern.

With the economic centre of gravity shifting to states, India’s growth hinges on cooperative federalism.
Mon, Nov 18, 2019

India’s prospects, including our aspiration for a $5 trillion economy, depend on the Centre and the states working together.

Govt must not give in to temptation of a stimulus. It does not have the fiscal space
Wed, Sep 18, 2019

It’s completely irrational to not admit the true fiscal deficit. We are fooling no one, least of all potential investors who base their decisions on our macro sustainability.

Bank merger announcement is a needless distraction
Thu, Sep 05, 2019

Question is not whether public sector banks should be big or small. It is: Do we need public sector banks?

The name is dollar bond
Sat, Aug 03, 2019

Government’s proposal is the right way forward but it’s an idea whose time has yet to come

Any terror attack traceable to Pakistan undercuts its economic stability, IMF deal
Thu, Feb 21, 2019

If institutions such as FATF continue to keep Pakistan on the grey list or even blacklist it, and IMF imposes more stringent conditionalities, global investor confidence in Pakistan could nosedive, deepening the economic crisis.

Changing chalta hai 
Sat, Dec 30, 2017

Indian Administrative Services can lead the charge. If it reinvents itself, its effects will ripple through the system, galvanise change.

Generalist vs specialist
Mon, Sep 25, 2017

A nuanced process of active but careful cadre management should inform lateral entry into IAS

The case for lateral entry
Wed, Aug 09, 2017

There should be a system of annual recruitment into the IAS of mid-career professionals from diverse sectors

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