Ajit Ranade

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Lockdown Stopped Two Thirds Of World Economy

Despite bitter political bickering, the United States passed its highest ever relief package to support the economy. It is valued at 2.2 trillion dollars, and another one trillion is coming, if not more. That would make it nearly 15 percent...

The prospect of an oil stimulus in the time of Covid-19

Three major players in a market are trapped in a brutal price war. Investors stand to lose billions of dollars unless a price floor is fixed, and there is a fear of bankruptcy. Authorities are hoping that a price floor...

Economic reforms are best done brick by boring brick

The accepted conventional wisdom is that economic reforms in India happen only in a crisis or by stealth. The big example of the former is the 1991 reforms, when the country faced a huge foreign exchange crisis, resulting partly from...

A tale of two global rankings

Two global rankings were announced recently. One was the 2019 “Doing Business” report published by the World Bank, which was earlier called the “Ease of Doing Business” (EODB) India jumped to 63 from 77 last year. The improvement is dramatic,...

Stronger fiscal federalism

Former prime minister Manmohan Singh recently urged the Centre to do more to enhance the spirit of cooperative federalism. His comments were in the context of the changes made to the terms of reference to the 15th Finance Commission (15FC). These...

Fiscal constraint prevents stimulus

The interim budget in February gave a substantial stimulus to the taxpayer. Almost three crore taxpayers moved out of the net, as the minimum threshold was raised. Further, the cash transfer to households led to some consumption push, not to...

Reservations may turn out to be vacuous

Both these are part of the fundamental rights conferred by the Constitution upon the citizens of India. The reservation bill amends both these articles by inserting sub-clauses. That these articles were amended with very little prior notice and almost no...

What did we learn from notes ban?

The nation got a four-hour notice. The prime minister announced on national television that by midnight all the high-value currency notes would cease to be legal. This was Modi’s Pokhran moment. The similarity with India’s nuclear blast of 1998 was...
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