Jaimini Bhagwati

All stories by Jaimini Bhagwati

Can Modi dig India out of the COVID hole?

Can Modi dig India out of the COVID hole?

Rediff.com8 May 2020

'A balanced head plus heart approach would be a full opening up of the economy including manufacturing and internal travel in the country but excluding COVID-19 hotspots,' recommends Jaimini Bhagwati.

India's exchange rate policies are flawed

India's exchange rate policies are flawed

Rediff.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 companies

How govt is blatantly misusing LIC to save failing companies

Rediff.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 India

Pandering of so-called wilful defaulters is peculiar to India

Rediff.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 solution

Why electoral bonds are not the solution

Rediff.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?

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. . .

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 fury

Budget numbers: Full of sound and fury

Rediff.com17 Mar 2016

High fiscal deficits raise inflation which hits the lowest income and salaried classes.

All about wilful fraudsters and errant banks

All about wilful fraudsters and errant banks

Rediff.com21 Jan 2016

Banks cannot shirk their responsibility in cases of frauds.

Why govt must not get carried away with get-rich-quick syndrome

Why govt must not get carried away with get-rich-quick syndrome

Rediff.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 states

Why Modi sarkar must first push reforms in NDA-ruled states

Rediff.com21 Aug 2015

The better performing states throw up more employment opportunities including at unskilled levels.

Why India needs bankruptcy code urgently

Why India needs bankruptcy code urgently

Rediff.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 demystified

Why the Budget needs to be demystified

Rediff.com20 Feb 2015

The hype surrounding the Budget gives it undue importance.

The new govt will have to make right appointments

The new govt will have to make right appointments

Rediff.com16 May 2014

One of the urgent tasks ahead for the new government should be to improve public trust in the executive.

Foreign policy, declassified

Foreign policy, declassified

Rediff.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.