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NBFCs need a lender of last resort; SIDBI and NABARD can do the job

NBFC offer loans to MSMEs and individuals for 24-48 months. They need funds for a similar period in order to maintain a healthy asset-liability match. Read more »
rupee, dollar

How the Centre-state row over GST compensation will play out

In case of a dispute between Centre and the states on the recommendations of the GST Council, a dispute resolution mechanism can be established. Read more »
Digital Personal Data Protection Bill

RBI must pause rate cuts to anchor inflation expectations

Emerging markets need some kind of market-based capital flow management and macro-prudential measures as well as more exchange rate flexibility. Read more »
iNSURANCE LAW

RBI may keep rates unchanged, but 25 bp cut desirable

It is surprising that the Reserve Bank of India stuck to a literal, narrow interpretation of its mandate and chose to focus on short-run inflation. Read more »
farm bill 2020

Farm Bills 2020: Death warrant to mandis, end of small farms

In depth: The three farm bills are historic -- they would change agriculture sector beyond recognition. But they will lead the country into an uncertain future. Read more »
quality issues in social science research

National Education Policy 2020: Will it truly champion liberalism?

Liberal education is the opening up of education to interdisciplinary understandings, to choices, and to critical inquiry. But will this government permit it? Read more »
Ongoing coal shortage in India

GST Council meeting: A case for the abolition of the coal cess

The impact of the GST compensation cess on coal is not confined to the metal and energy sectors. Its ripple effect is felt on many other industries. Read more »
Budget 2021 agriculture

New thinking: Agriculture reforms will release Indian farmer from shackles

The three pieces of legislation may provide farmers with a range of choices in the agri-business market place by unlocking opportunities for new investments. Read more »
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Aatmanirbhar Bharat: Regional cashew boards key to stepping up output

Dependence on imported cashew for processing affects overall cashew business, one of the sectors where India need to be self-reliant. Read more »
climate change, budget 2023, global warming,

Carbon emissions and economic growth: Learnings for India

The most important policy target for India is to transform the energy portfolio and promote renewable energy to reduce total aggregate energy consumption. Read more »