As India’s economy recovers from the coronavirus pandemic, Indian businesses need efficient financial structures to regain their ground. Key reforms to India’s Insolvency and Bankruptcy Code could fill these gaps.
Numerous changes to India's fiscal architecture in the last six years will have far-reaching consequences for the country's political economy, institutions, and economic policies. Suyash Rai and Josh Felman analyze the Union Budget 2021 and recommendations by the 15th Finance Commission.
The Union government's recently introduced farm laws aimed at reforming India's agriculture sector have faced stringent opposition from farmers and traders. Anirudh Burman and Suyash Rai discuss the role and structure of these laws and their revolutionary potential for the country's rural economy.
Unless the Modi government comes up with some out-of-the-box solution, the demand for recapitalization could derail its fiscal plans for the year.
While the pandemic context cannot be ignored, it would be a mistake to view this year's budget solely through a COVID-19 lens.
We need to carefully consider how the DPA can effectively operationalise different aspects of its mandate with the least amount of state capacity.
To expect the RBI to effectively monitor multiple aspects of the banks and other regulated entities is a tall order.
Corporate entry can help with the resolution of failed banks and the creation of more banks. But it can also create other problems.
Beyond the optics, the Trump Americans, who are the new political base, will still shape American policy irrespective of who the president is. “America First” is here to stay.
State-capital relations include direct, firm-specific interactions between the state and investors/firms, and indirect influences that shape the general conditions for raising and deployment of capital.