A K Bhattacharya

All stories by A K Bhattacharya

Why did Nirmalaji deviate from fiscal deficit target?

Why did Nirmalaji deviate from fiscal deficit target?

Rediff.com21 Feb 2020

The government should have mentioned clearly the specific structural reforms that were responsible for the deviation from the fiscal deficit target by half a percentage point, says A K Bhattacharya.

Will Modi take swadeshi route to privatise Air India?

Will Modi take swadeshi route to privatise Air India?

Rediff.com10 Feb 2020

'Air India's privatisation is acceptable as long as its control does not pass on to a foreign entity,' says A K Bhattacharya.

Modi may shut Air India by June

Modi may shut Air India by June

Rediff.com9 Jan 2020

'The Modi government is trying hard to see if it could be sold to a private airline.' 'But it appears there are no takers.' 'If no buyer comes forward by June, the government will close down Air India,' predicts A K Bhattacharya.

Industry-Mody govt: A new phase?

Industry-Mody govt: A new phase?

Rediff.com7 Jan 2020

'What stood out at these meetings between industry representatives and government leaders was how the equation between the ministers and industry had undergone a subtle and qualitative change,' points out A K Bhattacharya.

Why Budget 2020 will be different

Why Budget 2020 will be different

Rediff.com1 Jan 2020

In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.

Why BJP should be grateful to Rahul Bajaj

Why BJP should be grateful to Rahul Bajaj

Rediff.com20 Dec 2019

'A close relationship between India Inc and the government cannot help the BJP win elections.' 'While Opposition parties may feel good about Mr Bajaj criticising the Modi regime, the BJP should be seeing the indictment as a political boon,' says A K Bhattacharya.

Why does Dr Banerjee provoke BJP ire?

Why does Dr Banerjee provoke BJP ire?

Rediff.com31 Oct 2019

'Mr Modi would compliment a Nobel Prize winner, but members of his party or the government would not be restrained from either making unfair comments or criticising him for having offered advice to an Opposition political party,' says A K Bhattacharya.

Why did govt sack so many tax officers?

Why did govt sack so many tax officers?

Rediff.com14 Oct 2019

'If more than 60 commissioner-level tax officials were compulsorily retired in the span of a few months, surely the malaise is far deeper,' notes A K Bhattacharya.

Revealed: How PM planned demonetisation

Revealed: How PM planned demonetisation

Rediff.com4 Oct 2019

November 8 will mark three years after demonetisation. A K Bhattacharya reveals for the first time how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.

How cash-starved Modi govt plans to prune expenditure

How cash-starved Modi govt plans to prune expenditure

Rediff.com28 Aug 2019

'If the current mood in North Block, headquarters of the finance ministry, is anything to go by, the government will now keep a closer watch on all kinds of schemes and projects undertaken by different central ministries. 'The next six months will determine which central schemes will have to be wound up and which ones will survive the axe,' says A K Bhattacharya.

What is holding Modi govt back on the economy

What is holding Modi govt back on the economy

Rediff.com14 Aug 2019

'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.

GST and the skewed 60:40 formula of the Modi govt

GST and the skewed 60:40 formula of the Modi govt

Rediff.com15 May 2019

It is possible that the Centre has now become wiser and has decided to follow an allocation system which gives it more from Integrated GST and helps boost its revenues, says A K Bhattacharya.

Why election manifestos are fast losing credibility

Why election manifestos are fast losing credibility

Rediff.com17 Apr 2019

A political party's manifesto is the first stage of building a compact with the voters in any governance plan. If that compact is dependent on a document that reeks of fiscal imprudence and lacks credibility, it is a serious setback to the country's democracy and governance, says A K Bhattacharya.

Modi Sarkar's Rs 6.26 trillion bonanza for PSUs

Modi Sarkar's Rs 6.26 trillion bonanza for PSUs

Rediff.com9 Mar 2019

Modi government's story of five years with regard to equity allocation for PSUs shows that it may have allowed a large part of its resources to be wasted. This is also a worrying reflection of the government's inability to take hard decisions - whether they pertain to privatisation or forcing weak public-sector banks to wind down their operations, says A K Bhattacharya.

Why FY20 may be a difficult year for the PSUs

Why FY20 may be a difficult year for the PSUs

Rediff.com25 Feb 2019

While the five years of the Modi government have indeed seen a healthy increase in PSUs' outlay and the Budgetary support for them, the next year's numbers reveal the squeeze in the government's own resources even though it is expecting a much higher dividend income from the PSUs. These do not augur well for the PSUs in 2019-20 and the years ahead, unless these numbers are revisited and, hopefully, revised in the full Budget that will be presented later in July this year, says A K Bhattacharya.

Why FY20 may be a difficult year for the PSUs

Why FY20 may be a difficult year for the PSUs

Rediff.com21 Feb 2019

While the five years of the Modi government have indeed seen a healthy increase in PSUs' outlay and the Budgetary support for them, the next year's numbers reveal the squeeze in the government's own resources even though it is expecting a much higher dividend income from the PSUs. These do not augur well for the PSUs in 2019-20 and the years ahead, unless these numbers are revisited and, hopefully, revised in the full Budget that will be presented later in July this year, says A K Bhattacharya.

An interim Budget with all the features of a full Budget

An interim Budget with all the features of a full Budget

Rediff.com12 Feb 2019

Forget about interim Budgets, one cannot easily recall even a full Budget of any government in recent times having rolled out benefits of this order to such a large number of people, says A K Bhattacharya.

Want to know true state of economy? Tune into President's address

Want to know true state of economy? Tune into President's address

Rediff.com30 Jan 2019

The President's address to Parliament on January 31 will contain the government's report card on the state of the economy, and will be no less important than the interim Budget announcements, says A K Bhattacharya.

India is still struggling between populism and policy: Arun Jaitley

India is still struggling between populism and policy: Arun Jaitley

Rediff.com2 Jan 2019

Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.

Where is Radha Mohan Singh?

Where is Radha Mohan Singh?

Rediff.com28 Dec 2018

'The BJP leadership and its agriculture minister must make up their mind on what kind of corrective measures will be needed for Indian agriculture at this point in time.' 'The sooner Mr Singh provides policy clarity on this vital issue, the better are the chances of India's agriculture and farmers emerging out of their current mess,' says A K Bhattacharya.

Who will succeed Urjit Patel?

Who will succeed Urjit Patel?

Rediff.com11 Dec 2018

'It is likely the government may opt for an IAS officer.' 'For the government, an IAS officer will be more easy to deal with,' notes A K Bhattacharya.

Will Jaitley present his 6th full Budget next year?

Will Jaitley present his 6th full Budget next year?

Rediff.com6 Dec 2018

A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.

Why invoking Section 7 is a risky affair

Why invoking Section 7 is a risky affair

Rediff.com14 Nov 2018

The use of Section 7 is fraught with risks to the autonomy of the central bank, the credibility of the government and the smooth functioning of the financial markets, says A K Bhattacharya.

5 proposals govt will discuss with RBI on November 19

5 proposals govt will discuss with RBI on November 19

Rediff.com12 Nov 2018

There is as yet no clarity on how the process of consulting with the RBI Governor, initiated under Section 7 of the RBI Act, would unfold in the coming days. The government is keen that its suggestions made in the public interest should be heeded by the central bank, says A K Bhattacharya.

Has Indian economy gone into election mode?

Has Indian economy gone into election mode?

Rediff.com1 Oct 2018

The Indian economy's election-year syndrome cannot be ignored, says A K Bhattacharya.

Two major risks that make Aadhaar vulnerable

Two major risks that make Aadhaar vulnerable

Rediff.com9 Aug 2018

The persistence with Aadhaar, to the exclusion of all other identity systems, is a dangerous path and should be avoided if the risks of digital vulnerability are to be eliminated. Till such time that the ownership of the Aadhaar system is transferred to an independent body, concerns over Aadhaar's digital vulnerability will persist, says A K Bhattacharya.

How many of the PAN numbers are 'real'?

How many of the PAN numbers are 'real'?

Rediff.com7 Aug 2018

About 45 per cent of those who are part of the workforce, or about 207 million, are estimated to be engaged in agriculture and many of them will be outside the income-tax net and hence may not need a PAN. So, what does allotting PAN to 369 million individuals actually mean, wonders A K Bhattacharya.

Sita decides to live or die on her own terms

Sita decides to live or die on her own terms

Rediff.com28 Jul 2018

'On as many as two occasions, Sita is called upon to take a test to establish her integrity and loyalty to Rama and on both the occasions she opts for a course of action on her own terms,' points out A K Bhattacharya, reviewing Bibek Debroy's translation of the Ramayana.

GST: One crucial lesson India can learn from Singapore

GST: One crucial lesson India can learn from Singapore

Rediff.com22 Jul 2018

Singapore's single-rate GST structure cannot be India's model. But its practice of early announcement of rates much before their implementation should be emulated by India, says A K Bhattacharya.

A case in favour of cutting GST rates

A case in favour of cutting GST rates

Rediff.com13 Jun 2018

A road map could be laid out for a gradual reduction in the tax rates from the current incidence of about 62-94 per cent without causing a major blow to the revenues of the Centre and the states. The opportunity arising out of higher GST collections should not be squandered, says A K Bhattacharya.

Real reason behind the tension between Mint Road and North Block

Real reason behind the tension between Mint Road and North Block

Rediff.com4 Jun 2018

The lack of an informal communication channel is what should bother the government and the RBI, if they want to eliminate the undesirable outcomes of the current tension between the two, says A K Bhattacharya.

How to get Parliament to debate the Budget

How to get Parliament to debate the Budget

Rediff.com20 Apr 2018

Let there be a rule that if the Budget is not passed and funds cannot be drawn from the Consolidated Fund of India, there will be a government shutdown as it happens in the United States, says A K Bhattacharya.

Govt borrowings: Will there be a pleasant surprise in September?

Govt borrowings: Will there be a pleasant surprise in September?

Rediff.com10 Apr 2018

Backloading the government's borrowing programme suggests the finance ministry's confidence in better revenue numbers, says A K Bhattacharya.

Doing a disservice to the services sector

Doing a disservice to the services sector

Rediff.com22 Mar 2018

How sustainable and prudent is the policy of boosting services without commensurate growth in infrastructure in the relevant sectors, asksA K Bhattacharya.

Who will regulate the regulators?

Who will regulate the regulators?

Rediff.com16 Mar 2018

It would be a good idea to create independent oversight committees for each regulatory institution and indeed, even for their appellate bodies, says A K Bhattacharya.

Why PNB scam didn't dent BJP's Northeast show

Why PNB scam didn't dent BJP's Northeast show

Rediff.com13 Mar 2018

It appears that the BJP government has succeeded in managing the communication of the PNB scam in a manner that its adverse impact on its electoral fortunes is largely contained

PNB scam: What Modi-Jaitley can do now

PNB scam: What Modi-Jaitley can do now

Rediff.com3 Mar 2018

Reduce the government stake in public sector banks to 33 per cent, recommends A K Bhattacharya

The wind beneath Jaitley's wings

The wind beneath Jaitley's wings

Rediff.com23 Feb 2018

Without the handsome receipts from the sale of government equity in PSUs and sharp increases in excise revenues from oil, Mr Jaitley's fiscal consolidation drive would have become even more arduous, says A K Bhattacharya.

5 key takeaways from Jaitley's fifth Budget

5 key takeaways from Jaitley's fifth Budget

Rediff.com15 Feb 2018

The Budget for 2018-19 has at least five takeaways that are yet to receive adequate attention, says A K Bhattacharya.

Next