Op-Ed

There is No Fair Play without an independent Referee

livemint.com This is perhaps the first time in the history of independent India that regard for independent institutions has plumbed the depths of despair. Let us summarize.Recently the Mint brilliantly exposed the flaws in the new national accounting system, which gives reason to suspect the validity of the quarterly gross domestic product (GDP) figures released …

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Blanket ban on cryptocurrency may prove to be futile, claim experts

Economic Times, May 03, 2019 The Centre’s proposal to implement a blanket ban on the sale, purchase and issuance of cryptocurrency may not only prove futile but also be counterproductive. While crypto-assets are banned in some countries such as China, Russia, Ecuador and Bolivia, most major nations such as the US, Japan, European Union and …

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Market Problem, Not Solvency Crisis

Economic Times, May 5, 2019 Rating agencies have reportedly downgraded $7.5 trillion worth of corporate debt between September 2018 – when defaults of Infrastructure Leasing & Financial Services began – and March 2018. Long-gestation infrastructure projects are financed by short-term loans from non-banking finance companies (NBFCs) that raise short-term debt, and repay their investors with …

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