Kaushik Basu

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Kaushik Basu - Total results - 91
Ex-World Bank economist says RBI's proposal to allow businesses into banking is 'good-looking' step in 'bad direction'
India

Ex-World Bank economist says RBI's proposal to allow businesses into banking is 'good-looking' step in 'bad direction'

Kaushik Basu added that there is a good reason that all successful economies have a clear line between industries and corporations on one hand, and banks and lending organisations on the other

Nirmala Sitharaman's COVID-19 package invites social criticism, but she may have more cards up her sleeves
Business

Nirmala Sitharaman's COVID-19 package invites social criticism, but she may have more cards up her sleeves

Nirmala Sitharaman's advisers have been speaking of why fiscal prudence is important to avoid India being downgraded from investment grade by global credit rating agencies

Firstpost Editor's Picks: Lok Sabha passes amended UAPA Bill, Karnataka political crisis, GDP debate; today's must-read stories
India

Firstpost Editor's Picks: Lok Sabha passes amended UAPA Bill, Karnataka political crisis, GDP debate; today's must-read stories

Firstpost Editor's Picks: Lok Sabha passes amended UAPA Bill, Karnataka political crisis and the possibilities concerning government formation in the state, GDP debate; today's must-read stories

Why Kaushik Basu’s assessment on GDP debate and his prescription to cure economic slump are confusing
Business

Why Kaushik Basu’s assessment on GDP debate and his prescription to cure economic slump are confusing

Subramanian, after analysing 17 major economic indicators, also said that the weakness seen in the economy after 2011-12 didn’t correlate with the high GDP numbers reported under the new series.

RBI might slightly reduce interest to boost growth, investment rate declines: Kaushik Basu
Business

RBI might slightly reduce interest to boost growth, investment rate declines: Kaushik Basu

The central bank should be left alone with complete autonomy, he added. The RBI's monetary policy review is slated in February.

Slowing GDP growth cause for concern; distress 'very much visible in agriculture sector': Kaushik Basu
Business

Slowing GDP growth cause for concern; distress 'very much visible in agriculture sector': Kaushik Basu

Basu said India's gross domestic product (GDP) growth rate has "slowed down" in recent times as "distress was being witnessed" in some sectors

Decision on excess reserves should rest with RBI alone, to take away it's autonomy poses risk to economy: Former CEA Kaushik Basu
Business

Decision on excess reserves should rest with RBI alone, to take away it's autonomy poses risk to economy: Former CEA Kaushik Basu

The final decision on transferring a part of the excess reserves to the government has to be that of the Reserve Bank (RBI) alone and any attempt to take away its autonomy could pose a risk to the economy, warns former chief economic advisor Kaushik Basu.

Former CEA Kaushik Basu says lynchings and 'divisive policies' hurting India's goal of becoming economic superpower
India

Former CEA Kaushik Basu says lynchings and 'divisive policies' hurting India's goal of becoming economic superpower

Former chief economic advisor Kaushik Basu said a spate of lynchings and divisive policies are hurting India's image and warned the country's political leaders that the negative publicity could hinder its goal of becoming an economic superpower, according to several media reports.

Rupee is over-valued, says Kaushik Basu; sees fair value of currency at 70-71 to the dollar
Business

Rupee is over-valued, says Kaushik Basu; sees fair value of currency at 70-71 to the dollar

The widening current account deficit and higher interest rates have made the rupee the worst among its Asian peers so far this year.

Twitter accounts belonging to Anupam Kher and several politicians were hacked by a pro-Pakistan hacker collective
News & Analysis

Twitter accounts belonging to Anupam Kher and several politicians were hacked by a pro-Pakistan hacker collective

Twitter accounts belonging to various prominent Twitter users in India were hacked by a Turkish group calling itself the “Turkish Cyber Army Ayyildiz Tim”.

BJP supports censor board's move to red flag documentary on Nobel laureate Amartya Sen
India

BJP supports censor board's move to red flag documentary on Nobel laureate Amartya Sen

Supporting the CBFC's decision to red flag director Suman Ghosh's documentary on Nobel laureate Amartya Sen, West Bengal BJP president Dilip Ghosh said the board had the power to pass a movie or stall it

Darjeeling shutdown: Tea production seen taking 20% hit; revenue likely to fall 40%
Business

Darjeeling shutdown: Tea production seen taking 20% hit; revenue likely to fall 40%

Apart from the present political turmoil, the industry has faced challenges in the first flush period in March as well.

Documentary on Amartya Sen to be screened at London Indian Film Festival this year
Entertainment

Documentary on Amartya Sen to be screened at London Indian Film Festival this year

Amartya Sen: A Life Reexamined, the documentary on Nobel laureate Amartya Sen will be screened at the London Indian Film Festival this year.

Demonetisation: Critics unaware of govt programme, says Niti Aayog member Bibek Debroy
India

Demonetisation: Critics unaware of govt programme, says Niti Aayog member Bibek Debroy

"The economists living abroad base their understanding essentially on reading English newspapers," Bibek Debroy told PTI

India's ranking in Ease of Doing Business index should improve, says Kaushik Basu
Business

India's ranking in Ease of Doing Business index should improve, says Kaushik Basu

Basu said the government must invest more on health and education and design better delivery so that these benefits reach everybody

Kaushik Basu in fray for RBI chief post too, decision unlikely before Aug meet
Business

Kaushik Basu in fray for RBI chief post too, decision unlikely before Aug meet

Two government sources with direct knowledge of the matter also said Kaushik Basu, who is stepping down as the World Bank's chief economist, had made it onto a shortlist of candidates to take over when Rajan's term expires on Sept. 4.

Bribery in India: How to minimise bribe-giving and taking
India

Bribery in India: How to minimise bribe-giving and taking

The present bribery laws are a farce. They actually encourage and nurture bribery. They do not prevent such incidents. A change in law could benefit common citizens. It would also prevent defence deals from being scuttled just because someone does not want to push the bribe-taker

Aadhaar card helped India increase access and reduce corruption: World Bank
India

Aadhaar card helped India increase access and reduce corruption: World Bank

Stating that India increased access and reduced public corruption through the Aadhaar scheme, the World Bank says digital technologies can promote inclusion, efficiency, and innovation.

India's World Bank ranking on ease of doing business will improve more: Jaitley
Business

India's World Bank ranking on ease of doing business will improve more: Jaitley

A World Bank report yesterday ranked India at 130 out of 189 country on the ease of doing business, up 12 places from 142nd rank last year.

Indian migrants remitted $70 bn last year, tops chart again: World Bank
World

Indian migrants remitted $70 bn last year, tops chart again: World Bank

World Bank's study of remittance, the money workers and professionals working in foreign lands send back to their native countries, attributed this mainly to weak economic growth in Europe, deterioration of the Russian economy and the depreciation of the euro and ruble.