Articles by Madan Sabnavis
Mar 30, 2017
GST Bills passed in Lok Sabha: Will the implementation now be another Indian ‘jugaad’?The challenge really begins now and getting the system moving from July is fairly audacious as these ends appear not to have been tied
Mar 16, 2017
RBI's biggest challenge will be currency stability as US Fed hints at more rate hikes in 2017The dollar is expected to strengthen further in the course of the year, and hence while interest rate policy per se may be less affected by this development, currency stability will dominate the discussion tables at the RBI
Mar 11, 2017
Banks to charge on cash withdrawal and deposits not fair, RBI should step inWhen a bank sinks, the concern is that deposit holders are affected and not the shareholders. The bank is never put in the dock when bad lending decisions are taken and NPAs increase
Feb 28, 2017
October-December GDP at 7%: How to decode baffling but assuring growth despite demonetisationWhile the picture is much better than expected the fundamental questions that have to be addressed remain.
Feb 02, 2017
Seven misses in Budget 2017 math: How Jaitley may have created a huge buffer for spendingThere are some misses in the presentation which could have been addressed but have been kept aside.
Jan 31, 2017
Economic Survey takeaways: What it really says about note ban impact, Union Budget 2017The survey is candid in pointing out that there will be a slowdown in growth this year too which will be between 25 to 50 bps lower than their baseline projection of 7%
Jan 20, 2017
From NREGA to Nabard: Here's how govt can redistribute note ban proceeds to poorIt is unlikely that there could be a direct transfer of money to Jan Dhan accounts which is reported to have seen some misuses. The government would want to use indirect transfer mechanisms
Jan 19, 2017
Davos 2017: World Economic Forum is losing relevance; here's what it means for global economyWhile Davos will continue to be conducted in future, the coverage in the media would tend to reduce as the relevance of these meetings diminishes over time unless there is a change of thinking and action at White House
Dec 28, 2016
Economy in year 2016: Brexit, Trump victory, demonetisation turn conventional wisdom aroundWe too are ending the year on an uncertain note, though there is the feel good factor that black money has been slayed or at least an attempt has been made to do so.
Dec 22, 2016
Demonetisation: Concerns on farm output minimal, but rural demand may feel the heat amid cash crunchThe demonetisation scheme has affected agriculture and linked activities not just in terms of affecting output at the margin, but also lowering potential income as this sector is almost fully cash driven