Ajay Tyagi

The Indian capital market's growth has been truly impressive in recent times. Since 2019, the market cap-to-GDP ratio has increased from 81% to 135%

The RBI performs multifarious functions, some of which are, in fact, conflicting. It isn't easy to spell out the KPIs (key performance indicators) to judge its performance objectively

The practice of fixing annual divestment targets in the budgets was designed to tap an additional revenue source to contain the revenue deficit

The government needs to clearly list out all the desired parameters to be covered under the Viksit Bharat goal, assign appropriate weight to each of them, and set numerical targets wherever applicable

Not including all hard-to-abate sectors in carbon emission intensity targets will reduce market size and impact liquidity. Offset mechanism isn't a solution

Like any other organisation facing public outcry, perception management becomes the regulator's foremost priority

This column is not focused on analysing the performance of regulators, but rather on examining certain broad core issues that need to be addressed

For the public good, business channels must broaden their focus and look beyond stock market trading

Climate change poses a major vulnerability that demands a comprehensive, quantifiable medium- and long-term plan, along with close monitoring to ensure timely corrective actions

Besides depositors, investors in bank securities are important stakeholders, and their interests ought to be safeguarded

A key focus for the new govt should be to ensure wider consultation in setting inflation target

The surge in retail participation, combined with increasing market complexity, poses new challenges for the Sebi

Maintaining the confidence shown by investors is crucial, as a single bad episode could spoil the party

Reserve Bank of India's decision to increase risk weights on unsecured consumer loans and bank funding has dealt a double blow to non-banking financial companies

The way forward to meet the nationally determined contributions is a well-regulated domestic emission trading mechanism

It should be used to improve ESG parameters, analyse vulnerability, and build appropriate tools for supervision and regulation

Allowing social stock exchanges to facilitate CSR funding of projects could catalyse change by improving outcomes

The regulatory definition of public float needs to align with the market practice of free float

The dominance of banks in the mutual fund space raises questions about financial stability that require careful examination

The use of both principle- and rule-based approaches in regulatory frameworks has its challenges, but the latter may be problematic for tech-driven activities