Journalism of Courage
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Soumya Kanti Ghosh
The writer is the chief economic advisor with the State Bank of India.
More From Soumya Kanti Ghosh - Page 2
Bad bank, good moveSubscriber Only
March 23,2021 03:00:10 AM
It will help in recovering value from stressed assets and allow banks to increase lending.
Tue, Mar 23, 2021
Budget 2021 shows govt is set for a fiscal push. Baton has once again passed to the RBISubscriber Only
February 04,2021 04:00:00 AM
Fortunately, the RBI and government have worked in perfect harmony during the pandemic.
Thu, Oct 27, 2022
The fiscal situation will not stabilise in 2020-21 unless consumption improvesSubscriber Only
January 14,2021 03:00:48 AM
The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.
Thu, Jan 14, 2021
With better than expected second-quarter numbers, economy could spring a positive surpriseSubscriber Only
November 30,2020 03:30:33 AM
The third and fourth quarter numbers are likely to spring a positive surprise, though conditional on the absence of another wave of infections.
Mon, Nov 30, 2020
Concept of public goods can be experimentally put to use in pandemic for a social causeSubscriber Only
October 19,2020 03:00:15 AM
Wearing masks is a perfect example of a public good, as there is always a proviso that the person not wearing a mask could benefit and hence, again, both defecting and not wearing masks could be an eventuality. In this case, we, however, need a harsh punishment for those not wearing masks.
Mon, Oct 19, 2020
Coordinated inequilibrium strategy between RBI and govt is most effective policy response in pandemicSubscriber Only
September 09,2020 04:00:36 AM
An essential prerequisite in the current circumstances is effective communication by both the RBI and the government, with both speaking in unison.
Wed, Sep 09, 2020
Time has come for complete overhaul of obsolete legislation regulating migrant labour in IndiaSubscriber Only
May 30,2020 04:07:46 AM
In light of the announcement by the government on launching a scheme under PMJAY for the migrant labour/urban poor to provide ease of living at an affordable rent, optimal utilisation of these funds should be considered over the medium term.
Sat, May 30, 2020
Let’s focus on broadening scope of data collection to make statistical system more comprehensiveSubscriber Only
March 09,2020 00:45:17 AM
Volatility of oil prices and structural changes in the economy make the forecasting of inflation and GDP a difficult job indeed. However, we should supplement our existing measurement practices with “big data” to make our statistical system robust.
Mon, Mar 09, 2020
The budget should increase spending in rural areas, cut taxes and bring back trust in financial systemSubscriber Only
January 21,2020 00:25:54 AM
The primary purpose of the budget is to lay out a receipt-expenditure statement and thereby the fiscal deficit estimates. This year is, perhaps, different as the slowdown has derailed the fiscal arithmetic.
Tue, Jan 21, 2020
Govts must ensure policy continuity, refrain from creating sector-specific uncertaintySubscriber Only
December 26,2019 00:05:54 AM
Rather than opting for measures like farm loan waivers, which lead to problems of moral hazard that impact credit culture, measures should be undertaken to improve agricultural productivity. Alternatively, can we not enact a law to preserve policy continuity?
Thu, Dec 26, 2019
Three years on, Insolvency and Bankruptcy Code is learning from outcomes, growing strongerSubscriber Only
November 29,2019 00:10:51 AM
The recent empirical work on links between corporate bond markets and the bankruptcy system predicts that safe firms will issue bonds but higher risk firms, for whom insolvency is more likely, issue bonds as long as bankruptcy is efficient.
Fri, Nov 29, 2019
In RCEP negotiations, Delhi has been consistent. It is right to put its own interests firstSubscriber Only
November 05,2019 03:55:44 AM
Indian negotiators have taken steps to ensure that domestic manufacturing is effectively protected from unfair competition.
Tue, Nov 05, 2019
India’s growth story is far from over. But govt must incentivise household savings, spur consumptionSubscriber Only
September 16,2019 03:43:22 AM
Given a large jump in household leverage, monetary policy is unlikely to retain the effectiveness through large rate cuts in the current scenario. Only a counter cyclical fiscal response might address the core of the current problem.
Mon, Sep 16, 2019
Demand slowdown: A coordinated policy response, addressing both structural and cyclical factors, is neededSubscriber Only
August 14,2019 00:02:19 AM
The slowdown in demand is a fact, but the consensus that banks are not extending enough credit to help us navigate through the current slowdown is misplaced. This is a false narrative as Economics 101 suggests a bi-directional causality between economic growth and credit off-take.
Wed, Aug 14, 2019
Government should target a structural deficit as an alternative to the fiscal deficitSubscriber Only
June 03,2019 01:33:44 AM
The figures on the expenditure side of GDP do not foretell a promising picture. The decline in private final consumption expenditure is a matter of concern, though an increase in government final consumption expenditure has been able to offset it.
Mon, Jun 03, 2019
Union Budget 2018, Expert Explains: Maintaining momentum, says Soumya Kanti GhoshSubscriber Only
February 02,2018 04:58:41 AM
Around 70 per cent of farm land is being cultivated by tenant farmers who have no access to bank loans. So the move to grant them access to bank credit will significantly reduce rural debt. The idea of ‘Operation Green’ is also a welcome step
Fri, Feb 02, 2018
Case for a fiscal pushSubscriber Only
September 26,2017 00:00:27 AM
Policy should focus on recapitalising banks, giving incentives to sectors like telecom and housing, and alleviating the disruption caused by demonetisation and GST
Sun, May 22, 2022
Budget for EveryoneSubscriber Only
February 02,2017 02:50:47 AM
For FY18, the Government Borrowing is budgeted at Rs 6.05 lakh crore and a net borrowing requirement is pegged at Rs 3.48 lakh crore taking into account repayments of Rs 2.56 lakh crore.
Thu, Feb 02, 2017
Empowering women through JAMSubscriber Only
July 21,2016 00:00:42 AM
State Bank of India data suggests that states that have traditionally lagged behind in terms of economic growth are seeing more traction in women entrepreneurship through the Mudra route.
Thu, Jul 21, 20163 reasons to justify rate cut on June 18Subscriber Only
June 16,2012 02:50:52 AM
And many more for any monetary policy action to be supplemented with reforms to reverse the negative perceptions.
Sat, Jun 16, 2012Last straw on the fisc backSubscriber Only
February 16,2012 03:48:41 AM
The huge expenditure on the food bill,with the attendant leakages,could well make fiscal recovery impossible
Thu, Feb 16, 2012Can RBI move ahead of the curve?Subscriber Only
September 10,2011 03:10:56 AM
There is now increasing apprehension that,for the 12th time in succession,RBI will resort to monetary tightening in September.
Sat, Sep 10, 2011Journalism of Courage
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