Prasanna Tantri

India must now choose among currency appreciation, inflation, bank losses, indirect public exposure and an expensive sterilisation programme

A stable economy does not require a permanently stable exchange rate

A credible framework requires credible measures of price expectations

Mandating such a shift may not solve the problem. Ignoring information gaps and banning collateral risks weakening the financial system and could reduce, not expand, credit supply

The rupee's depreciation is often seen as an opportunity - but this narrative overlooks its impact on borrowers of foreign-currency debt

To judge how well FIT has worked, we must first ask how inflation was lowered

Given that the project does not generate any revenue at this stage, loan repayment generally starts after the construction is over and the project has begun operations

It is essential to understand that the very purpose of the existence of NBFCs is to issue loans that banks, with their fragile capital structure, cannot issue

The draft circular states that "divergent practices" of lenders concerning foreclosure charges/ prepayment penalties lead to "customer grievances and disputes"

Psephologists will do well by sticking to statistical modeling rather than falling prey to stories told by ground level "experts"