Page 10 - Ajay Shah

Shubho Roy & Ajay Shah: How to build tax administration

The CBDT must be seen as a mini-state and held at an arm's length from the finance ministry

Ajay Shah: Overhaul regulation of professions

In the stock markets, rule-making, enforcement and adjudication improved after independent professionals were put in charge

Ajay Shah: Worst-case scenario for the banking crisis

A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan

Ajay Shah: Great institutions, not great men

India must make sure that capabilities lie in institutions and not in one person

Ajay Shah: Forced unbundling for greater competition

A process of separating two industries is easier to enforce than fighting an integrated utility trying to hamper access to a new entrant

Ajay Shah: Prioritise banking reforms

The size of the banking crisis is roughly 10% of GDP and taxpayers should be unhappy about footing the bill

Ajay Shah: Tax policy for a globalised India

Public finance principles to consider when thinking about Mauritius, Panama, and FIIs

Ajay Shah: India's start-ups are lazy businesses

The spectacle of young men and women imbued with a get-rich-quick ethos and dreams of laziness is disturbing

Ajay Shah: Why India gets foreign borrowing wrong

Firms that should borrow abroad do not do so enough, and those that should not borrow abroad do

Ajay Shah: Nothing exceptional at all

The Budget has failed to build an atmosphere of tangible optimism

Ajay Shah: What the market understands

While the Indian stock market processes information about individual firms well, it struggles with macro-level forecasting

Ajay Shah: Preventing a zombie economy

Stopping India's economic landscape from being littered with zombie firms is essential for recovery

Ajay Shah: The new debt danger

Low nominal growth exacerbates the debt dynamics for public finance and for private firms