Archive for May 31st, 2016

Indian banking regulator’s luddite licencing..

May 31, 2016

There is one thing about reform singing crowd. When a proposed reform goes awry, they do not just accept it. Instead they will find ways to still talk make a case for it (see this article for instance). And in this case, we have a problem even before the proposed reform started. There is no harm in accepting yes things did not go as per plan . It just shows the humility side of it. But it seems economics (economics reporting especially) and humility do not go hand in hand.

So in this piece, Debashish Basu hits out at the payment bank licencing. After all, he had spoken against the hype right at the beginning.

(more…)

Now IMF too views neoliberalism as oversold..

May 31, 2016

Amazing things happening.

Jonathan D. Ostry, Prakash Loungani, and Davide Furceri of IMF revisit neoliberalism approach to economics and say it is oversold.  IMF was perhaps one of the most fervent guardians of this neoliberalism approach to economics and now seems to question this very zeal. One component of this approach was capital account liberalisation where IMF religiously said abolish all capital controls. Now it thinks capital controls could be used. This was hailed as one big turnaround in thinking. 

So in this note the authors talk about the same capital account and add another part of this approach-  fiscal prudence:

(more…)

India Post to deliver Gangajal at your doorstep

May 31, 2016

This is an interesting initiative from the government. As India post struggles to deliver usual post on time, we are looking at different ways to keep the entity going:

(more…)

How are financial innovations regulated in India?

May 31, 2016

Very nice speech by R Gandhi of Indian Central Bank. It is a pity that such speeches are barely covered in media. All we care for is newsbytes and news that hardly matters other than create hype.

The speech is given in the context of recent developments in P2P lending space where India has decided to regulate the space. After looking at various ideas around financial regulation (which makes for a great read as well), the speaker talks about Indian approach:

(more…)

Italy – historical heritage and future prospects

May 31, 2016

Nice speech by  Mr Salvatore Rossi, Senior Deputy Governor of the Bank of Italy.

He gives a brief outline of evolution of Italy as a nation and its contribution to world economy:

(more…)


%d bloggers like this: