All stories by Jaimini Bhagwati
India's exchange rate policies are flawedRediff.com9 Aug 2019
If net forex outflows turn out to be relatively high in the next few years, the rupee could depreciate beyond Rs 80 to a dollar by 2022. The causal reasons could, for example, include unmet expectations of FPI and FDI investors about the performance of the Indian economy, sharp rise in prices of imported oil and decrease in FX remittances. The RBI has to ask itself whether guaranteeing future rupee-dollar exchange rates on FX forward contracts is a reasonable way to use its risk-bearing capacity, says Jaimini Bhagwati.
How govt is blatantly misusing LIC to save failing companiesRediff.com8 Oct 2018
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Pandering of so-called wilful defaulters is peculiar to IndiaRediff.com11 Jan 2018
Despite the Indian government's recent efforts anecdotal evidence indicates that there has been little change in the extortionist behaviour of a significant proportion of tax and police officials, says Jaimini Bhagwati.
Why electoral bonds are not the solutionRediff.com31 Aug 2017
Given the international practice, it is inexplicable why the government is going with anonymous electoral bonds.
Can Modi ride the demonetisation tiger?Rediff.com23 Dec 2016
'The government's principal aim should be to reduce the volume of cash transactions.' 'That would bring more of the Indian economy within the purview of taxation.' 'The current downturn in economic activity due to a lack of adequate cash is likely to be limited to a year,'
Public vs private banks and the winner is. . .Rediff.com21 Apr 2016
Private banks are assumed to be more efficient at intermediating between depositors and investors.
Budget numbers: Full of sound and furyRediff.com17 Mar 2016
High fiscal deficits raise inflation which hits the lowest income and salaried classes.
All about wilful fraudsters and errant banksRediff.com21 Jan 2016
Banks cannot shirk their responsibility in cases of frauds.
Why govt must not get carried away with get-rich-quick syndromeRediff.com19 Oct 2015
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
Why Modi sarkar must first push reforms in NDA-ruled statesRediff.com21 Aug 2015
The better performing states throw up more employment opportunities including at unskilled levels.
Why India needs bankruptcy code urgentlyRediff.com19 Jun 2015
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
Why the Budget needs to be demystifiedRediff.com20 Feb 2015
The hype surrounding the Budget gives it undue importance.
The new govt will have to make right appointmentsRediff.com16 May 2014
One of the urgent tasks ahead for the new government should be to improve public trust in the executive.
Foreign policy, declassifiedRediff.com21 Feb 2014
The external affairs ministry's files, as distinct from those of the ministry of defence or the agencies, at least from before 1974 should be declassified. And if select files that are more than 40 years old are not to be declassified, the ministry should follow explicit guidelines to justify taking such a view, says Jaimini Bhagwat.