Articles by Madan Sabnavis
Aug 02, 2017
RBI cuts repo rate by 25 bps: Industry gets what it wanted but households stand to lose againLower returns on deposits has already been triggered by State Bank of India (SBI) on savings deposits and this is a big blow considering that so far banks have been lowering term deposit rates but kept the savings rate unchanged.
Jun 30, 2017
As GST launch nears, here is a list of eight critical challenges for the govtThe next few months will be very critical for the nation as the entire system adjusts to the new tax regime
Jun 29, 2017
Why central pay commission should revise salary scales every year, remove clutch of allowances for efficient pay systemHaving even 100 such allowances takes up a lot of administrative time as very often these allowances are provided on provision of sufficient proof of the same
Jun 23, 2017
Taking stock of smart cities project: So far so good; implementation challenges continueIdeally it is hoped that along the course of these 5 years when the cities would be financed, there would be a proportional allocation towards maintenance of these facilities. It is then that one can be satisfied that the entire edifice is in place
Jun 23, 2017
New NPA resolution process weakens our banks just as farm loan waivers do; here's whyBy creating a culture of inertia when it comes to debt-servicing, the message sent out is that at the end of the day there will be support coming from the government in some form to ensure that the system does not collapse
Jun 08, 2017
Treat Madhya Pradesh farmers' protest with urgency; a contagion could deepen the crisisWith high level of non performing assets (NPAs), banks are not in a position to forgive farmer loans but the question is, if corporate loans can be adjusted, why not farm loans, where the reasons are more compelling.
Jun 06, 2017
Gulf diplomatic crisis may not be an issue right now for Indian economyCorporate India would be concerned at this development as there are several EPC (engineering, procurement, construction) companies that are involved in some large projects in Gulf region
May 27, 2017
3 years of Narendra Modi govt: Here's how to separate rhetoric from statisticsAre three years adequate to judge the performance of a government or do we need to look at a longer time period?
May 20, 2017
New WPI, IIP series a much required move, but here are a few issues govt should take upAny index is created based on a basket of goods which exists at a point of time, which is taken to be the base year, and then is tracked either in quantity terms (IIP) or prices (WPI) over a period of time.
May 18, 2017
3 years of Narendra Modi govt: Rupee rise defies conventional wisdom but don't rule out a reversalThe currency management is mostly the RBI's job but the government policies that attract dollar inflows do have an impact on exchange rates