T C A Srinivasa Raghavan

Judiciary vs govt: The more things change, the more they remain the same

The problem, as many experts have pointed out, lies with the power of judicial review. The judiciary has invested it to mean absolute judicial supremacy, while the govt begs to differ

BJP's three-variable challenge: What will it drop to ensure victory?

A six per cent increase in the Congress share will probably not get it anywhere, but a similar decline in the BJP's vote share could end its majority, writes T C A Srinivasa-Raghavan

The RBI lowers its volume

The acceleration in the pace of publishing the history of the central bank is something worth wondering about. It would be better to let some time elapse before embarking on the exercise

Bank failures: When it comes to regulation West can learn plenty from India

The West can learn from India the art of keeping a balance between the asset and liabilities sides. But it won't

What could make the BJP lose the 2024 election or even its majority?

Remember that in elections and in cricket, it's never over till it's over. The oddest combinations of factors can make bookmakers look foolish

Inflation: Central banks can't fix the mess that politicians have created

Only politicians can fix the problem because, contrary to public belief, it is they who create money, not central banks

Does China's intransigence remind you of the actions of 1930s Germany?

China will probably also adopt an old tactic. "I will keep what I have taken. You accept that. And we will all calm down then"

Leader or the ideology: What should Congress party members abandon?

The Gandhi family is to the Congress what the RSS was to the BJP. But the latter has now reduced its dependence on the RSS to almost zero

'Lahiri's law': A mathematical analysis of social divisions

Ashok Lahiri's book is a collection of thoughtful observations on India's economic journey since 1947, spiced up with views on our society and its politics

After CEC, will there also be a change in how judges are appointed?

The govt may now come back with a modified version of the NJAC bill whereby the practice of judges appointing themselves is stopped

L'affaire Adani and the colonial mindset in our approach to governance

All regulatory institutions should be made constitutional authorities, suggests T C A Srinivasa Raghavan

Former CEAs would do well to be less political

The utterances of former advisors who have turned political don't fully pass the smell test. It would help if they are a bit more respectful of their profession, which demands neutrality

As Ajay Banga becomes World Bank president, this is where he can start

The world needs international financial cooperation. Banga can draw lessons from how John Maynard Keynes and Harry Dexter White to provide intellectual leadership to the World Bank

Like it or not, the BJP will have to deal with the succession question

Even though Narendra Modi isn't going anywhere in the foreseeable future, it's likely that in private meetings, the question about succession is being asked in hushed voices

I-T Dept's survey operation at BBC offices and memories of another 'raid'

Such incidents reinforce the impression that the government is hiding something

Regulatory mishaps seem to dog the Indian financial markets permanently

One way out is to give constitutional status to regulatory agencies with systemic importance, like in the case of CAG, and CEC

Why the govt shouldn't just privatise factories but infrastructure too

India should consider a reverse Build Operate Transfer (BOT) model wherein the government finances a project on the EPC basis, and then when it's ready, it auctions it off to the private sector

Taxing times of a 'Confrontationist'

Sukumar Mukhopadhyay 's engagingly written memoir, which is full of stories and lessons to be drawn, should be made a compulsory read for all revenue officers

Adani case brings back the question of infrastructure financing in India

The projects need cash, and Adani could well face serious shortfalls. Whether the govt bails them out by giving money or takes them over is a billion-dollar question

Budget 2023: What does the announcement related to P-notes indicate?

Clearly, the govt is worried about inflows in 2022 because of the global economic uncertainty and has decided to encourage inflows via any means possible, PNs included