Articles by Madan Sabnavis
Aug 30, 2016
RBI annual report sends out a message of caution; govt has to step up reforms driveAny major change in the economy may be expected only from FY18 onwards
Aug 21, 2016
Urjit Patel as new RBI Governor signals continuity in policies; will settle concernsHowever, it would now be time for speculation on who would be the next deputy governor in place of Urjit Patel. As this position is reserved for an economist normally, the media will be abuzz with several names.
Aug 15, 2016
69 years of Independence: How India has evolved over timeIn terms of global political power, India has become strategic for both the USA as well as the developing countries
Aug 09, 2016
RBI Policy: All your questions, concerns about monetary policy panel addressedIdeally, monetary policy should target producer prices which are what can be influenced by interest rates as there is leverage here.
Aug 04, 2016
GST Bill passed: Forget the political euphoria, the real test begins nowThe impact of the passage of this Bill has to be tracked closely as presently all the research and expectations are based on theoretical foundations and it is only when the tax system is implemented that the real impact will be known
Jul 18, 2016
#SupportGST: Why Monsoon Session is crucial for passage of the Bill#SupportGST: Let's not play politics with an important reform for Indian economy
Jun 29, 2016
7th Pay Commission: Salary hike is fine but why not link it with performance?The idea of a Pay Commission is to revise the pay scales of the government staff, which also increases in the normal course of time through increments which are however not comparable to those in the private sector.
Jun 24, 2016
Brexit: Blow likely for Indian companies as they may have to rework plansWhile technically the Parliament can still decide not to follow the result of the referendum, it is almost certain that this would happen. Also there will be a transition path over the next 2 years before this happens and during this period, the details would be worked on.
Jun 23, 2016
Brexit: India need not be worried; expect only short-term impactAt the micro level Indian companies with significant operations in Britain would get impacted depending on what proportion of the output gets sold in Europe
Jun 20, 2016
Why a new governor will face 'comparison syndrome' from high standards set by RajanThe concept of the swap facility of dollars by RBI was certainly novel and would have occurred to only a top class economist