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Ajay Shah

Ajay Shah

Ajay Shah studied at IIT, Bombay and USC, Los Angeles. He has held positions at the Centre for Monitoring Indian Economy, Indira Gandhi Institute for Development Research and the Ministry of Finance, and now works at NIPFP where he co-leads the NIPFP-DEA Research Programme. His research interests include policy issues on Indian economic growth, open economy macroeconomics, public finance, financial economics and pensions.ajayshah@mayin.org

Jul 2, 2011

How India is losing the market for trading in rupee

Even while the Competition Commission is busy penalising the NSE for allowing trading in rupee derivates for free, the market for rupee trading have moved abroad. What are we fighting about? #NSE #RegulatorRaj #Rupee

Jun 30, 2011

Why NSE order has landed Competition panel in soup

The Competition Commission has placed itself in a piquant situation by fining the NSE Rs 55 crore for allowing trading in currency derivatives for free. Is offering something free anti-competition? #CCI #MCX-SX #NSE #Regulator Raj

Jun 27, 2011

Will India go the Argentina way toward populist decline?

Neither India nor China can take their growth and political transformations for granted. China may fail to build good institutions, and India may yet fall victim to the lure of mindless populism. #GDP #Liberal democracy #NotJobsButPassion #To The Contrary

Jun 20, 2011

The Anna-Baba show is over, now let’s deal with corruption

The Anna-Ramdev spoilers are not the answer to corruption. Institutional reform is. #2G scam #Ajay Shah's blog #Anna Hazare #Baba Ramdev #CWG scandal #NotJobsButPassion #Regulator Raj

Jun 11, 2011

MTNL, BSNL, Air India: Why govt is bad owner of business

The way government runs businesses into the ground, one wonders why they even bother trying to run them. But privatisation through strategic sales to one buyer may not be a good option. Best to sell public sector shares in bits through transparent stock exchange sales #Alitalia - Linee Aeree Italiane S.p.A #Bharat Sanchar Nigam Limited #NotJobsButPassion #That's Mahanagar Telephone Nigam Ltd #worthit

Jun 10, 2011

Indian media is more complacent than Pakistan’s

The Indian media has become blase about free speech. India badly needs more journalists like Pak's Najam Sethi. #Ajay Shah's blog #Freedom of Speech #Indian media #NotJobsButPassion #Pak media #To What Effect

May 27, 2011

Recruiting the right Managing Director for the IMF

The recruitment of the IMF MD has turned into quite a controversy. #Headhunt #IMF #Managing Director #NotJobsButPassion

May 21, 2011

RBI is shooting itself in the foot over inflation

Sustained and persistent inflation is not an act of god. It is made by mistakes in macroeconomic policy. It can and should be contained by solving these problems of macroeconomic policy. #Inflation #Macro-Economic policy #NotJobsButPassion #Numbers #Price indices #RBI

May 19, 2011

19 books to read before doing your PhD in Economics

Planning to do a PhD. in Economics? Here's a list of must reads before you choose to embark on it. #Ajay Shah's blog #Books #BooksWeLike #Eco-Logic #NotJobsButPassion

May 7, 2011

Infosys and the problem with corporate democracies

Succession at Infosys has been contentious and in the public domain. As with an Indian general election, it looks messy. But the problems here are overstated. Infosys is doing something relatively new in India: While such succession looks messy, there is greater stability under the hood. #Autocracy #Corporate Democracy #CounterPoint #Narayana Murthy #NotJobsButPassion #Succession war