arun jaitley

Timeline: How Modi’s hand-picked RBI governor turned against his own government

Timeline: How Modi’s hand-picked RBI governor turned against his own government

Urjit Patel’s stunning move yesterday (Dec. 10) to resign as the 24th governor of the Reserve Bank of India (RBI) has sparked another bout of…
The Modi government, the RBI governor and the mess that is the Indian economy

The Modi government, the RBI governor and the mess that is the Indian economy

The sheer ineptitude of economic policymaking under prime minister Narendra Modi’s government has been evident from almost the beginning of its tenure. What is also…
The six key reasons for the falling-out between Urjit Patel and Team Modi

The six key reasons for the falling-out between Urjit Patel and Team Modi

It became evident yesterday (Dec. 10) that even the keenest industry-watchers had misjudged the extent of the rift between India’s government and its central bank.…
All you need to know about Narenda Modi’s new chief economic advisor

All you need to know about Narenda Modi’s new chief economic advisor

An academic who strongly praised prime minister Narendra Modi’s widely criticised 2016 demonetisation move will soon be India’s next chief economic advisor (CEA). On Dec.…
A sensible government knows when to back off: Raghuram Rajan

A sensible government knows when to back off: Raghuram Rajan

India’s former “rockstar central banker”, Raghuram Rajan, has a word of advice for the Narendra Modi government in the backdrop of its strained relations with…
India’s biggest ever tax reform hasn’t kept its promise yet

India’s biggest ever tax reform hasn’t kept its promise yet

India’s ambitious new tax regime, the goods and services tax (GST) launched in July 2017, was expected to fill the government’s coffers. Instead, it is…
Months ahead of national polls, India’s economic health is under a cloud

Months ahead of national polls, India’s economic health is under a cloud

With just a few months left for the 2019 general election, the Narendra Modi government is putting up a brave face on the economy. But…
A ray of hope for cryptocurrencies as India readies draft regulations

A ray of hope for cryptocurrencies as India readies draft regulations

A cloud of uncertainty hangs over the legal status of cryptocurrencies in India. With draft regulations yet to be spelt out, and the seemingly contradictory…
At last, India’s ready to clarify its stance on cryptocurrencies

At last, India’s ready to clarify its stance on cryptocurrencies

The Indian government may be one step closer to clearly spelling out its policy on cryptocurrencies. A finance ministry panel set up in November 2017…
India’s central bank and government call truce after nine-hour meeting

India’s central bank and government call truce after nine-hour meeting

After weeks of open sparring, India’s central bank and the Narendra Modi government seem to have found middle ground. A marathon nine-hour meeting attended by…
RBI versus Modi government: Timeline of a bitter battle

RBI versus Modi government: Timeline of a bitter battle

India’s financial markets are on heightened alert ahead of a crucial board meeting of the country’s central bank today (Nov. 19). The build-up to the…
After an incredible boom, e-wallets are dwindling in India

After an incredible boom, e-wallets are dwindling in India

The proliferation of digital wallets seems to have ended—and even reversed—in India. From just one in 2006, the number of firms offering e-wallet services had…
The worst may be over for the Indian rupee—for now

The worst may be over for the Indian rupee—for now

The year-long slippery slope may have ended for the Indian rupee—at least for now. The sharp depreciation of the currency against the US dollar this…
Why it won’t be easy to ban cryptocurrencies in India

Why it won’t be easy to ban cryptocurrencies in India

Plans are afoot in India to ban cryptocurrencies. While it is as yet unclear what exactly the government’s move against cryptocurrencies will be, what is…
Two years after demonetisation, India is still struggling to create jobs

Two years after demonetisation, India is still struggling to create jobs

Two years since the Narendra Modi government derailed the Indian economy with the note ban, it is still limping, at least on the jobs front.…
Falling fuel prices add to India’s festive cheer

Falling fuel prices add to India’s festive cheer

It’s a happy Diwali for India on the fuel-price front. Softening global crude prices and excise duty cuts are beginning to have a positive impact…
Here’s what could happen if India bans cryptocurrencies

Here’s what could happen if India bans cryptocurrencies

The Indian government mulling a blanket ban on cryptocurrencies has set off alarm bells in the ecosystem. For such a move could deal a body…
India may completely ban cryptocurrencies after all

India may completely ban cryptocurrencies after all

The Indian government may be considering a blanket ban on the use of bitcoin and other cryptocurrencies. On Oct. 30, at a meeting of the…
The Modi government tries to justify its meddling with India’s central bank

The Modi government tries to justify its meddling with India’s central bank

The ugly spat between India’s central bank and the Narendra Modi dispensation reached a crescendo today (Oct. 31). Rumours that Reserve Bank of India (RBI)…
Unocoin co-founder recounts his arrest after India shut down his cryptocurrency ATM

Unocoin co-founder recounts his arrest after India shut down his cryptocurrency ATM

It was an ordinary Tuesday afternoon (Oct. 23) for Harish BV. The co-founder of the Indian virtual currency exchange, Unocoin, was fussing over the company’s…