Page 3 - T T Ram Mohan

Fintech challenge is a fantasy

Digital banks are a threat, not so much to banks as to banking stability on account of the systemic risk they pose

Blame Ukraine conflict, not central banks

The origins of the inflation shock the world is experiencing are primarily political, not economic or monetary

Time to revisit the IIM Act

The government must jettison its hands-off attitude towards the IIMs and address the governance deficit

A fresh blow to globalisation

The conflict in Ukraine will deepen concerns about globalisation and national security

Not quite a Lehman moment

China is well placed to deal with the fall-out of the problems at Evergrande

Why has India's growth slowed?

The slowdown in growth is primarily on account of the banking crisis

Bankruptcy process needs a re-look

A mechanism is needed to ensure bank-led resolution- not the NCLT- is the first resort for lenders

Economy poised to shrug off second wave

Hard-hearted as it may sound, there is no correlation between the loss of lives and national output

Managing the 2nd pandemic wave

Many of the criticisms of the government's handling of the pandemic are strictly hindsight or lack a rigorous foundation

A comprehensive win for the Tatas

They stand vindicated in the Mistry saga, but what is legally sound may not conform to the best standards of governance

Expect banking revival in 2021

The potential turnaround in banking means the government does not need to act in haste, only to repent at leisure

Covid shock: India got its response right

The economic recovery thus far has vindicated the government's approach to minimising the impact of the pandemic

Covid shock vs global financial crisis

The pandemic is not as bad as the 2008-09 global downturn

Now is not the time for stimulus

Next fiscal package must await fall in inflation

Technocrats versus politicians

In a democracy, monetary policy cannot be entirely left to technocrats any more than war can be left to generals

Bank recapitalisation is a must

We need to be clear about what 'recovery' means

Calibrating exit and stimulus is our best bet

There is a view that an extension is not warranted. It suffices to lock down areas with incidence of coronavirus

There's no emerging market debt threat

It's good to be warned and to be prudent in managing debt. But are EMDEs really going on a debt binge that could hurt the global economy?

IL&FS was a Lehman-like moment

Now that the consequences of the collapse of IL&FS are before us, the question worth asking is: Was the decision to let IL&FS fail a policy blunder as the Lehman decision was?

Fix credit growth to fix the slowdown

The Indian banking crisis has merely meant a lower level of GDP growth than before the onset of the crisis