All stories by Ajay Shah
The Pension Challenge Confronting IndiaRediff.com18 Apr 2022
When we look at the pension expenditure of the states, so far, there has been no gain from the NPS reform. Pension expenses as a share of total state revenue expenditure rose from 4% in 1991-1992 to 10% at the time of the NPS reform, and have risen further to about 12%, observes Ajay Shah.
When the State controls vaccination...Rediff.com7 Jan 2022
More vaccination would have been done in India if the State had not had complete control of all vaccination, notes Ajay Shah.
4 Questions On Crypto RegulationRediff.com8 Dec 2021
It is not the job of regulators to ensure that users make profits. It is not the job of regulators to prevent people from making losses. It is not the job of regulators to prevent people from doing stupid things, argues Ajay Shah.
Why IPO Market Makes Little SenseRediff.com6 Sep 2021
The political economy of the IPO market involves regulators empathising with intermediaries, and designing a bridge that systematically takes wealth away from founders, VC and PE funds, and business houses, explains Ajay Shah.
Don't be AFRAID of Bank NPAs!Rediff.com8 Jul 2021
Business failures rise when growth declines. When Indian growth slowed in the last decade, defaults increased. This is the normal working of the market economy, points out Ajay Shah.
It will take India 600 days to vaccinate 1 billion peopleRediff.com15 Apr 2021
The data gaps are inhibiting sound decisions. We need to know seroprevalence, infection, and vaccination rates. This is required in 200 cities of India, every week, suggests Ajay Shah.
Keeping Govt away from the Covid vaccineRediff.com14 Dec 2020
The Indian State has low operational capabilities. Individuals will have concerns about material that flows through the government, on questions of purity, perfection of the cold chain, and correctness of procedures at the frontline. Even if a government programme is able to solve all these problems, it will be limited in scale-up. The passion, management capabilities, and response to local conditions, which will be found with tens of thousands of ground-level initiatives, Individuals will have concerns about material that flows through the government, on questions of purity, perfection of the cold chain, and correctness of procedures. Even if a government programme is able to solve all these problems, it will be limited in scale-up, argues Ajay Shah.
What kind of economic recovery will we have?Rediff.com24 Nov 2020
The only path to recovery of the economy lies in profit growth that triggers off employment growth, and finally investment, notes Ajay Shah.
Why govt MUST use private healthcare to fight COVID-19Rediff.com31 Mar 2020
'Most of the testing capacity in India is in the private sector.' 'Whether it is the established RT-PCR test for COVID-19, or it is other innovations in testing that are now coming up, all these are fully within the capabilities of the private sector.' 'Health policy should harness these capabilities,' says Ajay Shah.
Magic pill to revive growthRediff.com4 Mar 2020
How do we get back to higher trend growth? The heart of the problem lies in private corporate investment, recommends Ajay Shah.
What Nirmalaji said and meantRediff.com23 Jul 2019
'A buoyant market economy is one which is led by the innovation and imagination of private persons,' notes Ajay Shah.
If GDP is over-estimated, the tax targets are too highRediff.com13 Feb 2019
'We get an overzealous army of tax inspectors pushing the economy too hard,' says Ajay Shah.
NBFCs are not banks!Rediff.com9 Jan 2019
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
How RBI can prevent PNB-like fraudsRediff.com15 Mar 2018
'If the RBI had done the right things, these mistakes would not have happened in banks, public or private,' says Ajay Shah.
Are our hard earned money safe under the new banking bill?Rediff.com18 Dec 2017
The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
Rs 1.35 trillion bank bailout: 6 Qs for JaitleyRediff.com6 Nov 2017
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
Modi, Jaitley must fix the economy jat pat!Rediff.com25 Sep 2017
'The hour is very late, and the choice between triumph and tragedy knocks at our door,' says Ajay Shah.
How India can emerge from the economic slumpRediff.com14 Aug 2017
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
Why Donald Trump's visa reforms are not all that badRediff.com30 Mar 2017
To the extent that body shopping is replaced by true offshoring, everyone is better off, says Ajay Shah.
Mr Jaitley, when will you fix the economy?Rediff.com17 Feb 2017
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.