Category Center for the Study for Finance and Economics

Adani – Hindenburg Report : Epitome of Loopholes in Indian Democracy

Insights, Center for the Study for Finance and Economics, Public Finances and Macroeconomics

The Supreme Court of India appointed Committee (Expert Committee (EC)) on
the Adani-Hindenburg issue submitted its Report on May 9, 2023. It
disappoints because it chose not to go deeper into issues that hold back the
nation from achieving its full potential. It hides behind the technicality of
Securities and Exchange Board of India (SEBI) following the currently applicable
rules that prevent it from investigating the real issues raised in the Hindenburg
Report. Therefore it concludes that there was no regulatory failure.

IMPRI, IMPRI and IMPRI
June 11, 2023

GDP Growth: Less Than Officially Given

Insights, Center for the Study for Finance and Economics, Economy and Infrastructure

The official GDP growth data hides the reality of tepid growth and a decline in good employment.

IMPRI, IMPRI and IMPRI
June 3, 2023

Burnishing the sheen of AT1 Bonds

Insights, Center for the Study for Finance and Economics, Livelihoods, Employment and Well-being, Public Finances and Macroeconomics

The way to make AT1 bonds attractive again is to clarify the insurance-linked role that sets them apart from pure debt, revert to valuation as per the time period of call options, and vastly improve banking supervision via enhanced management of banking data.

IMPRI, IMPRI and IMPRI
June 1, 2023

₹2,000 notes: Another Costly Mistake

Insights, Center for the Study for Finance and Economics, Economy and Infrastructure, In News

The Reserve Bank of India’s (RBI) announcement of withdrawal from circulation of the ₹2,000 currency notes has caused much incredulity. Tamil Nadu Chief Minister M.K. Stalin quipped, “500 doubts, 1,000 mysteries and 2,000 blunders”, and Rajya Sabha member P. Chidambaram said, “Demonetisation has come full circle”. The Union government has distanced itself from the decision by letting the RBI announce it.

IMPRI, IMPRI and IMPRI
May 31, 2023

SC Committee on Adani Matter Has Failed The Nation

Insights, Center for the Study for Finance and Economics

The corporate members of the expert committee could have exposed much more of the wrongdoings but they have chosen to be formalistic. So, an opportunity to expose and clean up corporate manipulations has been missed.

IMPRI, IMPRI and IMPRI
May 30, 2023

Taxing gaming is no child’s play

Insights, Center for the Study for Finance and Economics, Public Finances and Macroeconomics

Indian agriculture is a gamble on the Monsoon. This cliché would have been sufficient ground for the Goods and Services Tax authorities to slap a tax of 28 per cent on the value of crop output if agriculture had not been kept out of the ambit of GST.

IMPRI, IMPRI and IMPRI
May 28, 2023

US Hit the Debt Ceiling: Rising Alarm to Budget Deficit

Insights, Center for the Study for Finance and Economics, Economy and Infrastructure

The US hit the debt ceiling of $31.4 trillion on January 19 and as early as June 1, the US government may run out of money to pay its bills if Congress does not raise or suspend the debt ceiling. US treasury secretary Janet Yellen reaffirmed that defaulting on the US debt obligation would be a “catastrophe” and would put into question Washington’s “global economic leadership”. The debt ceiling refers to the maximum amount of money the government can borrow to meet its financial obligations.

IMPRI, IMPRI and IMPRI
May 26, 2023