Rajiv Shastri

In part one of a series, the author says the capital markets and the securities ecosystem have remained broadly untouched by the progress in India's payment infrastructure

The industry needs to innovate for the risk-focused, liquidity-preferring, return-agnostic masses

To suggest that an inflation-focused RBI will dampen the government's focus on growth is to misread the problem in the economy

The new government is showing encouraging signs of fresh thinking in economic policy but it is innovation that will make the difference

Or, why our subsidy and tax policies have been almost exactly wrong

The RBI governor was right to question the benefits of the US Federal Reserve continuing with quantitative easing now that the financial system is back to a modicum of health

Altering the manner in which labour and capital are taxed in India would go a long way towards righting income inequality

Instead of rationalising the harmful ones, policymakers compensate with more subsidies, each with its own unintended consequences

Data show that the chances of loss lessen with more time spent in the market

The Bharatiya Janata Party's proposed banking transaction tax is ill-conceived and inadvisable but it is disruptive enough to raise questions about the perverse nature of India's current tax regime an

A closer look at deficit and accumulated debt suggests that, contrary to claims, the fisc is not under control

Expenses such as employment guarantees and loan waivers are, in effect, subsidies that are classified differently in government accounts

As significant portion of GDP growth is caused by increased subsidies, the impression that things are worse is a fact