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Ajay Shah The cost of exchange rate policy: What is the price of controlling rupee?

The path to Indian economic success begins with a full reckoning of the costs of exchange-rate management

Exchange rates, Rupee vs dollar, foreign exchange

More on Opinion

Redeeming our 'Tryst With Destiny': India's road map to Viksit Bharat

India has declared its ambition to become a developed nation by 2047. What it needs now is a credible, measurable roadmap to turn that ambition into reality

Redeeming our 'Tryst With Destiny': India's road map to Viksit Bharat
Updated On : 16 Aug 2026 | 11:16 PM IST

UCBs: Past imperfect, present evolving as RBI revives on-tap licensing

The decision to reintroduce on-tap licensing for urban cooperative banks signals the regulator's growing confidence that governance reforms have created sufficient safeguards

UCBs: Past imperfect, present evolving as RBI revives on-tap licensing
Updated On : 16 Aug 2026 | 11:10 PM IST

Puzzling policy: Premature ending of FCNR (B) swap raises questions

From the turn of events, it would appear that the scheme was not adequately thought through

Puzzling policy: Premature ending of FCNR (B) swap raises questions
Updated On : 16 Aug 2026 | 10:48 PM IST

Renewed reform push: India must speed up its growth to meet challenges

To assuage the anxieties of the youth and children, the country must broaden the avenues for gainful employment available to them and reduce the unemployment rate among graduates

Renewed reform push: India must speed up its growth to meet challenges
Updated On : 16 Aug 2026 | 10:48 PM IST

The cost of exchange rate policy: What is the price of controlling rupee?

The path to Indian economic success begins with a full reckoning of the costs of exchange-rate management

The cost of exchange rate policy: What is the price of controlling rupee?
Updated On : 16 Aug 2026 | 10:45 PM IST

Economics of oilseed production: Why India's import dependence persists

The genesis of the persistent rise in imports of edible oils, regardless of steady increase in indigenous production, lies in the demand growing faster than the supplies

Economics of oilseed production: Why India's import dependence persists
Updated On : 16 Aug 2026 | 10:44 PM IST

Regular to direct plan switch: Is a tax levy justified for investors?

Making switches between regular and direct tax-neutral will not cause any revenue loss. The capital gain is not being forgiven or exempted

Regular to direct plan switch: Is a tax levy justified for investors?
Updated On : 16 Aug 2026 | 10:26 PM IST

Gen AI is rewriting how the world buys, spends as technology shapes choices

As the first cohort surrounded by AI and media from birth, Gen Alpha's tech fluency is intuitive and its consumption behaviour is different

Gen AI is rewriting how the world buys, spends as technology shapes choices
Updated On : 16 Aug 2026 | 9:03 PM IST

Forty years on, has India allowed General Vaidya's sacrifice to fade away?

Soldiers, however senior, can't determine their destinies, and especially so in democracies

Forty years on, has India allowed General Vaidya's sacrifice to fade away?
Updated On : 15 Aug 2026 | 9:30 AM IST

Best of BS Opinion: The case for keeping UPI free outweighs its infra costs

Today's columns examine the case for keeping UPI free, Punjab's shifting political landscape, General A S Vaidya's forgotten legacy and the rise of founders as brand ambassadors.

Best of BS Opinion: The case for keeping UPI free outweighs its infra costs
Updated On : 15 Aug 2026 | 6:15 AM IST

In an age of social media, founder-led brands are the new business model

Interestingly, founder-led brands follow a very different marketing formula

In an age of social media, founder-led brands are the new business model
Updated On : 14 Aug 2026 | 10:43 PM IST

Punjab's political climate turns fluid as old alliances lose their grip

Conditions of extreme fluidity hang over Punjab as the weather cools but election fever hots up

Punjab's political climate turns fluid as old alliances lose their grip
Updated On : 14 Aug 2026 | 10:31 PM IST

The case for keeping UPI free outweighs the costs of its infrastructure

It is worth seeing the argument from a perspective that does not limit itself to asking how UPI infrastructure costs ought to be funded

The case for keeping UPI free outweighs the costs of its infrastructure
Updated On : 14 Aug 2026 | 10:27 PM IST

Failure, but please call it something else: The new language of losing

Startups pivot, companies rightsize, politicians introspect, and relationships evolve. We still fail; we've simply learnt to hide the wreckage behind respectable euphemisms

Failure, but please call it something else: The new language of losing
Updated On : 14 Aug 2026 | 9:45 PM IST

Great anxiety to Viksit Bharat: Tracing India's changing economic narrative

An analysis of India's Budget speeches since Independence reveals a growing confidence in tone

Great anxiety to Viksit Bharat: Tracing India's changing economic narrative
Updated On : 14 Aug 2026 | 9:29 PM IST

Best of BS Opinion: Mining reforms risk undermining fiscal federalism

Today's pieces examine mining reforms and fiscal federalism, India's need for a caregiving policy, stronger bank boards, urban governance and lessons in crisis leadership

Best of BS Opinion: Mining reforms risk undermining fiscal federalism
Updated On : 14 Aug 2026 | 6:15 AM IST

No more fear of flying: India needs more competition in the skies

We are now in 2026. Indian consumers have taken to air travel in a big way and there will be continued demand as long as air fares don't balloon

No more fear of flying: India needs more competition in the skies
Updated On : 13 Aug 2026 | 10:26 PM IST

India must redefine its cities before urban growth outpaces governance

A city is not an inventory of assets but a metabolism, drawing in water, energy, land and people and returning them in usable form or failing to do so

India must redefine its cities before urban growth outpaces governance
Updated On : 13 Aug 2026 | 9:33 PM IST

India needs a national framework to build a sustainable care economy

The Union Budget for 2026-27 announced measures to strengthen the care ecosystem, including the expansion of geriatric and allied services, and programmes to train 150,000 multiskilled caregivers

India needs a national framework to build a sustainable care economy
Updated On : 13 Aug 2026 | 9:24 PM IST

Bank boards need better processes, not just RBI governance rules

The RBI has been issuing directions to bank boards on matters to be taken up at board meetings

Bank boards need better processes, not just RBI governance rules
Updated On : 13 Aug 2026 | 9:23 PM IST