http://voxeu.org/article/us-tariffs-are-arbitrary-and-regressive-tax#.WHfEcJwBV8I.twitter The article is interesting in the sense that it is one of the few research that speak about the transmission of trade policy to the consumers, a question that monetary economist face all the time and trade policy seems to miss it. The article talks about a very interesting issue = how is trade … Continue reading Interesting article!
17th July, 2015 As reported in the China Monetary Policy Report Quarter Four of 2010, the financial system in China is witnessing a changing landscape where the share of direct financing has grown remarkably, and the off-balance-sheet businesses of commercial banks has become an alternative to the lending business. Acknowledging the same, Hu Xiaolian (Deputy … Continue reading Aggregate financing of the Chinese real economy
28th August, 2015 With a noble cause to further financial inclusion , the Reserve Bank of India (RBI) gave 11 enterprises licenses to set up payment banks. These 11 enterprises include 1. Aditya Birla Nuvo Limited; 2. Airtel M Commerce Services Limited; 3. Cholamandalam Distribution Services Limited; 4. Department of Post; 5. Fino PayTech Limited; … Continue reading Payments Bank License – Financial Inclusion or an Insurance for “Too Big to Fail” ?
29th July, 2015 One of the biggest problem Indian travelers face is that of information on visa and procedures around it to obtain the same. For instant, Indian traveler holding an ordinary passport wanting to travel to say Viet Nam need to first know whether he/she needs a visa to enter the country or not. Now … Continue reading `Online Visa’ service by Thomas Cook (India) Ltd – Fraudulent or not?
As the year comes to an end, I reflect back on a Summer School which I attended in New Delhi, India. The summer school, 4th IGC-ISI Summer School in Development Economics, was organized by the International Growth Center (http://www.theigc.org) in collaboration with the Indian Statistical Institute (ISI) in New Delhi from 9-13th July 2016. The workshop … Continue reading University of Academia and the Emergence of Echo-nomists!
14th December 2016. President-elect Donald Trump has been ferociously tweeting and making open announcements with regard to #AmericaFirst — #BuyAmerican and #HireAmerican being the new hashtag. In his first, Trump has secured a deal with Carrier by ensuring that Carrier keeps the 800 jobs in the United States which it was planning to move to Mexico initially. … Continue reading #HireAmericans?
While the world was going upside down with Grumpy being elected as the President of the United States, India was upside down when the government decided to demonetize it's 500 and 1000 rupee note. With exceptions to the use of 500 and 1000 legal tender, the announcement came with an immediate effect from the time of announcement … Continue reading A day after India decided to demonetize its 500 and 1000 rupee notes