Page 8 - Debashis Basu

FMPs: Lessons for investors, MFs & Sebi

What are the lessons? It is that the regulator, the fund houses and investors should go back to the first principles

PSBs get money while RBI, MoF get away. Again

Even as hundreds of billion rupees of public money are being pumped into the same corrupt and inefficient system to keep it alive, 25% of the people in this country live in abject poverty

Lobbying against external benchmark begins

The RBI claims to strike a balance between banks and consumers, but usually bats for banks

Expediency & cronyism win. Again

In quick succession the "harsh" PCA framework was suspended, MSMEs got a relief package and there are plans to transfer a huge amount of money from the RBI's reserves for some pre-election scheme

RBI's sudden love for floating-rate borrowers

Every publication has cheered this without a hint of the enormous irony - that the regulator had allowed banks to fleece floating-rate borrowers for two decades with useless tweaks to enable it

Beyond private vs public: The first principles

The IL&FS imbroglio will put the ideologues on both the right and left in an odd position. After a financial debacle involving public ownership, the right is quick to blame ownership as the reason

Will Sebi use its powers in NSE algo scam?

The fundamental job of Sebi is to preserve the integrity of the marketplace by ensuring fair and equitable access

Positive, negative and neutral: Three major changes in Budget 2018

The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened

Budget 2018: Capital gains tax: First principles first

The PM sees zero tax on long-term capital gains and dividend income as unfair since the beneficiaries are not poor, only the well-off dabble in shares

Insolvency: More tinkering to plug loopholes

We should expect many legal skirmishes and endless tinkering of the IBC rules in future

Bank recap: Band aid for cancer surgery

How can this situation be improved by pouring more capital, and that too through the easy option of financial trickery?

Bankruptcy Code being gamed from the start?

The Act allows for the creation of a massive bureaucracy and multiple levels of professionals who will all need certification

Tough luck for financial consumers

The Indian financial sector and its regulation are heavily influenced by the West, especially the US

What do the last three years say about us?

Modi and Amit Shah have a kind of energy and courage that we have never seen before

Five questions about the new move on NPAs

If you are expecting any better outcome from this latest move, you believe in miracles

A paradigm of change

The government is usually the source of the problem and it rarely pays to appeal to it

Want the government to 'act'? Think again

Every serious case of public protests ends with the government agreeing to set up a committee

Demonetisation impact: Did the banks gain or lose?

A wide spectrum of experts believed banks would gain

Debashis Basu: Making remonetisation less painful

According to one calculation, more than Rs 156 crore in new currency notes has been seized so far

Debashis Basu: Black money: The elephant in the room

Demonetisation is really aimed at those who have large stacks of old notes that they can't declare