Shankkar Aiyar

Pending bills and cost to Indians

The cost of pendency is the price paid by the public in terms of governance and increased taxes.

20 Jan 2019

Quota policies, placebo politics

When Members of Parliament voted this week, they also, in a sense, certified the true state of the political economy.

13 Jan 2019

Rafale of rhetoric, indefensible delays

The sordid saga of defence acquisitions is visible in many hues—the routine surrender of capital allocated, denial of essentials to the troops, and the pendency of modernisation.

06 Jan 2019

Political Lessons for 2019 from 2018

It is barely nine months since the BJP declared, rather re-declared its invincibility from Dwarka to Dimapur after winning in Tripura.

30 Dec 2018

Politics of talking without listening

One of the wondrous and infuriating characteristics of social media is that it is nearly impossible to decipher whether it is the cause or the consequence of the discourse in society.

23 Dec 2018

Of big Government and poll verdicts

Political parties have erroneously come to believe, a la Mao or Mahalanobis, that big government is the cure for ills afflicting the political economy. 

16 Dec 2018

Peter buys PSU, pays Paul to plug deficit

When it comes to band-aid economics and accountancy, governments are at their creative best.

09 Dec 2018

Sops as Solutions, the Road to Serfdom

You could say the parade of sops is an invitation to political serfdom.

02 Dec 2018

Use rbi surplus for sovereign fund

The crux of the matter is who will cough up the cost of clearing the swamp in the financial sector to prevent a systemic crisis.

25 Nov 2018

Why does Modi government want Rs 3.6 lakh crore?

The  general principle of government budgets is to focus on where the money needs to go—with nary a care for where the money went.

18 Nov 2018

Return of tried, tired, retired rhetoric

Rhetoric, Plato said, is the art of ruling the minds of men. In modern democracies, political rhetoric is the instrument of weaponising allusions into accusations to capture eyeballs.

28 Oct 2018

Do markets know what RBI-Sebi don't?

We can be blind to the obvious, and we are also blind to our blindness.

21 Oct 2018

Can India Dollarise the Diaspora Bond?

India, like other countries, must shape up or slip into contagion and crisis.

14 Oct 2018

Myths, Theories and Rupee Realities

Hashtags have emerged as the new milestones in economic history. 

07 Oct 2018

Cess, Excess and the Profligate State

The Swachh Bharat Cess, the Krishi Kalyan Cess, the Bidi Cess, Sugar Cess, Automobile Cess, and Clean Energy Cess as also surcharge on Pan Masala have been subsumed into the GST.

30 Sep 2018