Ishan Bakshi
ishan.bakshi@expressindia.com
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More From Ishan Bakshi
Government bailouts are not the answer to India’s energy sector woes
Ishan Bakshi writes: India's twin deficits will only grow unless the root cause is addressed – state control
Sat, Jul 30, 2022
Ishan Bakshi writes: Market reality is catching up to the tech startup ecosystem
Ishan Bakshi writes: Whichever way you slice the data, there aren't that many consumers with significant discretionary spending capacity, and those with capacity aren’t increasing their spending.
Tue, Jun 28, 2022
Making sense of the GST bonanza
Ishan Bakshi writes: Revenue collections have been rising. The challenge for Centre and states is to ensure that this continues
Fri, May 27, 2022
On inflation, RBI has been behind the curve
Ishan Bakshi writes: It has erred on forecasts. MPC members must make public their individual projections.
Wed, Apr 27, 2022
What the different state budgets tell us about overall public spending in 2022-23
Ishan Bakshi writes: There are several uncertainties surrounding states’ revenues and expenditures. This makes it hard to assess general government fiscal boost to economy for the coming financial year.
Thu, Mar 31, 2022
What RBI needs to keep in mind for a new digital currency
Ishan Bakshi writes: Several considerations, including the underlying technological architecture and impact on cash circulation and banks, will determine how it is designed
Fri, Feb 18, 2022
Budget 2022 Explained: Highlights and analysis of Nirmala Sitharaman’s Union Budget
Union Budget 2022-23 Explained: Finance Minister Nirmala Sitharaman Tuesday presented the Union Budget 2022-23 in Parliament. Here are the highlights from Sitharaman’s Budget speech, and an explanation and analysis of it.
Wed, Feb 23, 2022
The formal economy – and not just the informal sector – is in distress
🔴 Ishan Bakshi writes: Between April 2020 and September 2021, 23 per cent of India’s formal labour force availed of an advance from EPFO to meet Covid-19 expenses
Fri, Jan 21, 2022
How the pandemic has worsened inequality in India
🔴 Ishan Bakshi writes: It has adversely affected chances of social mobility. This could combine with already high levels of inequality of opportunities and precipitate greater demands for income redistribution.
Tue, Dec 14, 2021
India’s power discoms are at a critical point
Ishan Bakshi writes: Increasing push towards solar energy, shifting of hitherto cross-subsidising private entities to renewable energy has compounded perilous position of utilities making need for reforms more urgent.
Sat, Nov 06, 2021
What the continued distress in informal labour market says
Ishan Bakshi writes: It points towards a continuing divergence in the fortunes of the formal and informal parts of the economy.
Tue, Oct 05, 2021
Drafted in the name of consumer interest, the proposed e-commerce rules shield vested interests
Ishan Bakshi writes: In a capital-deficit country, rather than welcoming capital, we seem to be creating more and more hoops for it to jump through
Thu, Jul 15, 2021
Cash-strapped power distribution companies need radical intervention, not another financial aid package
Centre has routinely stepped in to rescue discoms in distress, but dues have continued to rise. Minor tinkering will no longer help.
Sat, Jun 19, 2021
How the bankruptcy code is moving away from its promoter-averse approach
Amendments to the Insolvency and Bankruptcy Code framework are a step towards addressing lacuna in its original architecture. The code is transitioning away from a creditor-centric approach.
Fri, Apr 16, 2021
The bad news from state budgets
States have spent less in this year, may focus on fiscal consolidation in the year to come. This belies hopes of a public-spending-led recovery.
Thu, Mar 18, 2021
Budget’s strategy of fiscal consolidation, compressing expenditure, could prove to be a costly miscalculation
Few would have faulted governments for spending more to counterbalance the effects of a once-in-a-century crisis. There is a time for aggressive consolidation. This was not it.
Tue, Feb 09, 2021
Optimism from economic rebound must be tempered by employment distress
While job creation typically tends to follow economic recovery, surely, by now, given that value added by almost all sectors is around 90 per cent of last year’s levels, the distress in the labour market should also be showing signs of easing.
Fri, Dec 18, 2020
In crisis, play by the book: Discarding the principles of sound public policy could end up doing more harm than good
Some unconventional measures may well be needed at the current juncture. But discarding the principles of sound public policy, though it sounds appealing, could end up doing more harm than good.
Sat, Sep 26, 2020
Current crisis has exposed limitations of central banking framework
The central bank must develop a clear strategy on what to do. At the one end, it is legally bound to an inflation target. Yet, at this juncture, there is a strong argument to look past the current spurt in inflation, and test the limits of both conventional and unconventional monetary policy.
Wed, Aug 19, 2020
Covid exposes limits of centralised approach, Finance Commission must reset the balance
As a neutral arbiter of Centre-state relations, the Finance Commission should seek to maintain the delicate balance in deciding on contesting claims.
Mon, Jun 15, 2020
Competition policy should be driven by safeguarding competition, not competitors
Any intervention to “correct” pricing essentially involves placing a higher weightage on the assumed losses of competitors/producers than on the consumer’s apparent gains. This is not a straightforward exercise.
Fri, Mar 06, 2020
Union Budget Explained: Boosting consumption by leaving people with higher disposable incomes is the key strategy
Union Budget important points Explained, highlights: Here's an explanation and analysis of the Budget presented by Finance Minister Nirmala Sitharaman in Parliament today.
Sat, Feb 01, 2020
GST may not have been revenue-neutral
Growth of GST collections has slowed since Q4FY19, in line with the fall in corporate tax collections, indicating the impact of sluggish economic growth.
Wed, Jan 15, 2020
Rules of Engagement
An eloquent account of how public policy needs urgent re-imagination
Mon, Dec 16, 2019
Insolvency and Bankruptcy Code should be the preferred option for resolution of bad loans, not the last resort
The introduction of the IBC marked a structural change in the resolution architecture in India. The shift to a time-bound resolution process was a tool to help tackle the bad loan problem.
Wed, Nov 20, 2019