Publications

Anatomy of a recession

There are several ways in which money supply can be defined. Here we will look at one such definition

The lifecycle and cost of a banknote

What is the average age of Indian currency? How often are our notes retired, and what is the cost of printing?

Confronting Pakistan’s drone challenge

The need to invest in improving anti-drone technologies  by Pranay Kotasthane (@pranaykotas) ISPR’s press release on Monday featured a few photographs of Indian border posts, reportedly taken from the drone shot down by Pakistani troops on...

Discussion Document: The India—Pakistan conflict escalation framework

The India—Pakistan conflict escalation framework Pranay Kotasthane, Pavan Srinath, Nitin Pai and Varun Ramachandra, The Takshashila Institution Download the discussion document in PDF format (339KB) Executive Summary The India—Pakistan conflict...

Time to abolish the MRP

The fixed maximum retail price is an archaic and dysfunctional mechanism that hurts both retailers and the consumers it seeks to protect.

Time to abolish the MRP

The fixed maximum retail price is an archaic and dysfunctional mechanism that hurts both retailers and the consumers it seeks to protect

When should the government subsidise training filmmakers?

There is no case for government to subsidise FTII (and, for that matter, IITs and IIMs too) One of the numerous controversies surrounding the Modi government’s appointments in the education...

Maximising the post office

Instead of hamstringing public sector banks with social schemes, it is time to transfer many of these financial tasks to India Post.

The curious case of the policy rate cut

Flexible inflation targeting will bring in transparency, accountability and predictability. The surprise policy rate cut is none of the three

How have RBI’s new rules on ATM usage affected banking?

A look at the result of the curbs on minimum number of free non-home-bank ATM transactions per month

The probability of foul play in Vyapam deaths

Analysis of deaths over the past 5 years shows the number of recent deaths linked to the case is highly unusual

Playing the Mullah Omar card

How is Mullah Omar’s reappearance (or the absence of it) likely to affect India? by Pranay Kotasthane (@pranaykotas) After the conclusion of the first official round of talks between the...

Pakistans and talks

The problem with talking to Pakistan is that there are two of them It’s happened again to yet another Indian prime minister. He’s decided to resume talks with the Pakistani...

Three parameters for evaluating global governments

What are the parameters that can help us judge the effectiveness of supra-national political unions? by Pranay Kotasthane (@pranaykotas) For about a decade now, geopolitical analysts have been discussing about the...

A democratic death knell for individual liberty

A referendum is a bad idea Caught in a political tussle with the Union government that has administrative and “superuser rights”, Delhi’s Aam Aadmi Party government has thrown up the...

India & the One Belt One Road paradigm

On how OBOR is likely to interact with India’s foreign policy by Hemant Chandak (@HemantChandak) One Belt One Road (OBOR) is an initiative the Chinese envisioned in 2013 and are...

Policy Brief — Mapping India’s response to Iran’s changing global status and regional influence

Mapping India’s response to Iran’s changing global status and regional influence Sumitha Narayanan Kutty, Scholar at the Takshashila Institution (2014—2015) Download the Policy Brief in PDF Format (1MB) Executive Summary...

Where there is no party line

Almost five years since the first stamp paper was stamped at a registrar's office in Chennai, it might be a good time to share some thoughts and experiences to deter...

How to buy a rifle

Prepare procurement plans well in advance, and have them cleared by the Cabinet, not just the services and defence ministry

The welfare state: an alibi or a mafia lord?

The welfare function of modern states has a disproportionate effect on the way citizens perceive the state. by Pranay Kotasthane (@pranaykotas) Economist Bryan Caplan in his latest EconLog post explains how the welfare function of a...

How to buy a rifle

Prepare procurement plans well in advance, and have them cleared by the Cabinet, not just the services and defence ministry

Let the women fight

Given how the armed forces struggle to attract talent, they cannot rule out hiring half the population

When Iran enters the global mainstream

The strategic consequences of a nuclear deal between Iran and the West

How far will Mr Abe go?

Japan's changing military posture presents opportunities for India

Why Sri Lanka’s need for China will continue

Colombo's enduring interests suggest the relationship between the two nations will only strengthen

Mr Modi’s follow-through risks

For India to make the most of Narendra Modi's ambition and energy, he must get New Delhi to keep up

The new Cuba?

A Chinese company with military links is building a canal across Nicaragua

China’s economic horoscope

Though growth in China is unlikely to slow down soon, India should prepare to take advantage of a shifting of gears there

Xi Jinping – $100 bn is coming!

The current moment presents the Modi government with an opportunity to take advantage, but very carefully, of Beijing's inclination to offer economic incentives

MH17 and the ‘non-state actor’ charade

Here's what happened: Russian proxy fighters in the Donetsk region of Ukraine shot down a Malaysia Airlines civilian aircraft - flight MH17, carrying 298 people - by mistake, using a...
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