Publications

The big deal in Tokyo

After concluding the nuclear deal with Japan, the Modi government must review India’s atrocious nuclear liability regime. It is a big deal. Owing to the controversy over the replacement of...

Access to banking services an overestimate?

Until the 2021 census, it is unlikely we’ll find out the proportion of households with access to banking services

Consumers are increasingly choosing cards over cash for Diwali shopping

Barring 2013, the usage of debit and credit cards at points of sale relative to ATMs was higher during the Diwali month than in any other time of the year

Moving towards a cashless economy

In any transaction, the process of payment is a pain. It is a necessary step, of course, in that payment is what completes the transaction, but the process of payment is...

Dealing with loss of cash

Ever since Rs. 500 and Rs. 1000 notes ceased to be legal tender on Tuesday night, the internet has been full of “human stories” of people for whom tragedy has...

Reasons for voting

A vote is fundamentally a blunt instrument. Each voter has exactly one vote, and this one vote needs to express the voter’s opinion on a large range of issues. Since...

President Trump. What now for India?

Play the ball as it comes to the bat Peter Thiel, a Silicon Valley billionaire who backed Donald Trump’s candidacy, perhaps best explained the latter’s political appeal. Journalists and analysts,...

New currency notes for old

A one-off reduction of unaccounted money must be followed by long-pending structural economic reforms. Some of the most insightful arguments on the demonetising of high-value currency notes have come from...

Financial Inclusion

Matt Levine had a superb newsletter recently on whether asset managers and pension funds who push customers towards buying high-cost retirement savings plans are doing a good thing or a...

A New Institutional Mechanism for Fiscal Management in India

By Dr. M Govinda Rao Download the essay in PDF [442 KB] Given the political inclination to indulge in fiscal profligacy, it is important to ensure calibration of rule based...

Does raising rates really help in fighting inflation?

Given the unclear relationship between interest rates and price changes in vegetables and housing, it is not clear if RBI will be too effective in using monetary policy to curb...

Was the spectrum auction a success or a failure?

Given Reliance Jio’s battles with incumbents, it was unlikely telcos would collude to keep prices low, and so it is surprising that the government went with high reserve prices

What lies to the right of centre in India?

The cohabitation of traditionalists and market liberals Ever since India’s 2009 general election, it has become fashionable for many politically-minded people in the country to style themselves as being “right...

Taking stock of India’s reforms

The Modi government has done a good job of implementing many ideas already in the system. Now it has to come up with some new ones and step up the...

On public consultations and online polls

Why democratic governments must consult, but must neither be obliged to nor bound by the results Aparajita Ray, Senior Correspondent (Urban Infrastructure) of Times of India asked me to comment...

Manila on the Chinese bandwagon

The Philippines becomes the first Indo-Pacific country to declare itself for Beijing On the geopolitics of the Indo-Pacific, I have long argued that “the small- and medium-sized countries of the...

Time to abandon BRICS

New Delhi must not waste further energy on a forum that lacks any common basis. Russia needs international platforms to show that the West’s attempts to isolate it are not...

When is a war a war?

War is an inherently political instrument used to achieve a political objective, so a credible political adversary is necessary for war to be war. As the US Presidential election race...

Colombia’s Path to Peace

By Swati Sudhakaran The historic collapse of an almost-historic peace accord A mere formality gone wrong? The citizens of Colombia just voted out what could have been an historic peace...

Commercial models for Public Wi-Fi

Can we have a proliferation of broadband access through public Wi-Fi networks? What are the issues and challenges? The Telecom Regulatory Authority of India held a public workshop in Bangalore...

SAARC: A Sunk Cost

Following the Uri Attacks, the 19th SAARC Summit that was due to take place on the 15th and 16th of November has been postponed. India refused to attend the summit,...

Countering a global trend

To have a real shot at prosperity, protecting the liberal and open order is an important priority

The urge to surge

As with surge pricing for taxicab aggregators, Suresh Prabhu’s rail price surge is a smart innovation that ultimately benefits the consumer

Takshashila Blue Paper on India’s Coastal Security Architecture

The Takshashila Institution and the US Consulate, Chennai, hosted a roundtable conference on reviewing India’s coastal security architecture at The Hyatt MG Road, on 23 September 2016. The roundtable discussion...

Thucydides Revisited-Indian Army’s Surgical Strike on September 29

The Indian resolve to strike at Pakistani terror camps as a fitting response to Uri attacks and call Pakistan’s bluff demonstrates clearly why Pakistan must learn from military history The...

ISI’s change of course and other stories

Pakistan’s military-jihadi complex will need more then the prospect of diplomatic isolation to change its policies. Cyril Almeida’s report reads too good to be true. Facing international isolation—read lack of...

Book Review: Not War, Not Peace?

by Pranay Kotasthane (@pranaykotas) [An edited version of this review first appeared in The Business Standard Newspaper on 4th October 2016] A lucid and comprehensive account of India’s strategic predicament in...

Acts of War and the Right to Self Defence in International Law – What are States bound by?

Conventional definitions of war are insufficient in the face of increasing global terror. These definitions must be revisited to provide states with the appropriate means to protect themselves against such acts...

The reaction from the other side

Post-surgical mattersLast night, militants attacked a Border Security Force-Rashtriya Rifles camp in Baramulla, killing one trooper and injuring another. Coming a few days after India announced that it had carried...

Assertion Of Dominant Castes: Time To Relook At Affirmative Action In India

By Dr. Suma Singh August 2015, the 21-year old Hardik Patel brought the Gujarat government to its knees by leading a massive Patel agitation. Now in September 2016, a young...
1 54 55 56 57 58 66