Page 2 - Ajay Tyagi

SVB lessons

Inflation management versus public debt management - the RBI's two roles are at odds with each other

Mutual funds beyond returns

They have an important role in improving corporate governance and deepening the corporate bond market

The long run vs the short run

There are no easy solutions to two important debates of our times-sustainable development and the basic structure of the Constitution, but the guiding principles are clear

Prioritising stability over growth

The backdrop of the Budget augurs well for the government, but a closer look calls for a cautious approach

Ricardo would be turning in his grave

There are limits to building resilience over economic efficiency

Identifying an offshore investor

FPIs incorporated under different structures in different jurisdictions create regulatory loopholes and make it difficult to identify the true beneficiary of foreign investing entities

A different kind of quiet quitting

Policy loopholes are encouraging many promoters to exit their companies stealthily, raising the question: Should promoters be in control after pledging their shares?

Women directors: Companies not complying with Sebi rules is a worrying sign

The average number of women independent directors in Nifty 50 companies is 1.28. In several countries in Europe the percentage is above 30. It is above 25 in the US

Bonding with bonds: Creating a deeper, wider market

India needs a vibrant bond market to fuel its growth ambitions but financial repression is keeping investors and issuers away

A bad idea: Separating 'E' from ESG

The S and G pillars are as important as E in assessing corporate performance

Petroleum pricing quagmire

It's futile to insulate domestic consumers from international prices

Central banks: Redeeming credibility

Central banks seem to have forgotten that there is one role, viz. controlling inflation, which is solely their responsibility

Who doesn't want growth?

The RBI, however, cannot use the growth argument to justify inflation

Improve governance before divesting

A fixation on the target amount, without improving the corporate governance of public sector enterprises, is misplaced

The ESG rating conundrum

India must put forth its own regulatory framework to accredit ESG rating providers as universal consensus is a distant dream