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  • 29-Dec-2017 | Rajiv Shastri

    The bitcoin dilemma

    There are broadly two types of currencies in this world; fiat currencies and alternative currencies

  • 02-Jun-2014 | Rajiv Shastri

    Rajiv Shastri: Rajan, Modi & the supply side conundrum

    To suggest that an inflation-focused RBI will dampen the government's focus on growth is to misread the problem in the economy

  • 29-May-2014 | Rajiv Shastri

    Rajiv Shastri: Transforming policy from good to great

    The new government is showing encouraging signs of fresh thinking in economic policy but it is innovation that will make the difference

  • 15-May-2014 | Rajiv Shastri

    Rajiv Shastri: India's non-solutions for reducing inequality

    Or, why our subsidy and tax policies have been almost exactly wrong

  • 08-May-2014 | Rajiv Shastri

    Rajiv Shastri: Hard truths about QE

    The RBI governor was right to question the benefits of the US Federal Reserve continuing with quantitative easing now that the financial system is back to a modicum of health

  • 27-Mar-2014 | Rajiv Shastri

    Rajiv Shastri: Inequality is a taxing business

    Altering the manner in which labour and capital are taxed in India would go a long way towards righting income inequality

  • 02-Feb-2014 | Rajiv Shastri

    Rajiv Shastri: Why India's subsidies are inflationary

    Instead of rationalising the harmful ones, policymakers compensate with more subsidies, each with its own unintended consequences

  • 18-Jan-2014 | Rajiv Shastri

    Timing the market or time in the market?

    Data show that the chances of loss lessen with more time spent in the market

  • 14-Jan-2014 | Rajiv Shastri

    Rajiv Shastri: How 'Arthakranti' taxes the system

    The Bharatiya Janata Party's proposed banking transaction tax is ill-conceived and inadvisable but it is disruptive enough to raise questions about the perverse nature of India's current tax regime an

  • 08-Dec-2013 | Rajiv Shastri

    Rajiv Shastri: India's self-created fiscal cliff

    A closer look at deficit and accumulated debt suggests that, contrary to claims, the fisc is not under control

  • 24-Nov-2013 | Rajiv Shastri

    Rajiv Shastri: The subsidy devil is in the detail

    Expenses such as employment guarantees and loan waivers are, in effect, subsidies that are classified differently in government accounts

  • 14-Nov-2013 | Rajiv Shastri

    GDP numbers show why all is not well with the economy

    As significant portion of GDP growth is caused by increased subsidies, the impression that things are worse is a fact

  • 06-May-2010 | Rajiv Shastri

    An exchange rate policy for India

    After many attempts at trying to convince the RBI to elucidate the exchange rate policy for India, Mr. A V Rajwade, a noted and respected foreign exchange expert, decided to do it himself. As mentioned in the second of his series (Exchange Rate ...

  • 04-May-2010 | Rajiv Shastri

    Just what is our currency worth?

    In the broadest sense of the word, it was possible to ascribe an absolute value to currencies as recently as 1971. However, it was only till the Great Depression of 1929 that this valuation was at its purest.

  • 28-Apr-2010 | Rajiv Shastri

    Is the REER model of any use?

    Every day, in the context of exchange rate management in India, one comes across proponents of a model called REER. REER has been, and continues to be used, to justify a weak rupee without regard to the fact that it is an inherently flawed model ...

  • 26-Apr-2010 | Rajiv Shastri

    Backdoor Monetization?

    In fiscal and economic policy parlance, monetization of fiscal deficit is broadly defined as the creation of money by the Central Bank to fund the fiscal deficit of the Government. The money so created is normally provided to the ...

  • 19-Apr-2010 | Rajiv Shastri

    Is CII an exporters lobby?

    Reading this (CII seeks RBI's intervention in currency markets) statement by the CII, one wonders what role it wishes to play in the Indian Economic landscape.