Ajit Ranade

Stories By Ajit Ranade

The patent waiver on Covid vaccines is welcome, writes Ajit Ranade

The patent waiver on Covid vaccines is welcome, writes Ajit Ranade

US President Joe Biden’s announcement that he would support a TRIPS waiver is a historic decision that comes after surmounting the challe...Read More

The Centre must pick up the tab for the universal vaccine rollout, writes Ajit Ranade

The Centre must pick up the tab for the universal vaccine rollout, writes Ajit Ranade

In her Union Budget speech, the finance minister had said that she was allocating Rs 35,000 crore for this purpose and would stand by to ...Read More

RBI boldly crosses ‘Lakshman Rekha’, 
as it embarks on quantitative easing, writes Ajit Ranade

RBI boldly crosses ‘Lakshman Rekha’, as it embarks on quantitative easing, writes Ajit Ranade

The Monetary Policy Committee (MPC) of the Reserve Bank of India meets every two months to decide on the main policy interest rate. This ...Read More

The current national minimum wage of Rs 176 per day must be revised upward, writes Ajit Ranade

The current national minimum wage of Rs 176 per day must be revised upward, writes Ajit Ranade

It is similar to increasing the minimum support price to farmers, so that urban consumers pay a bit higher for food and the farmer earns ...Read More

Jobs-for-locals is not the appropriate domain to be ‘vocal for local’, says Ajit Ranade

Jobs-for-locals is not the appropriate domain to be ‘vocal for local’, says Ajit Ranade

It is worth examining why this idea is ultimately infructuous or irrelevant. Firstly, it goes against the Constitution of India. In fact,...Read More

The challenge of financing the high-risk deficit is the daunting task ahead, says Ajit Ranade

The challenge of financing the high-risk deficit is the daunting task ahead, says Ajit Ranade

This large fiscal deficit of 6.8 per cent for next year, is not only far in excess of what was specified by India’s own fiscal responsibi...Read More

Volunteerism for a positive cause is a far cry from vigilantism, writes Ajit Ranade

Volunteerism for a positive cause is a far cry from vigilantism, writes Ajit Ranade

The state’s functions and obligations are critical in the areas of law and order. For instance, as the saying goes, “You cannot take the ...Read More

Budget 2021: Growth-oriented fiscal stimulus

Budget 2021: Growth-oriented fiscal stimulus

The government cannot spend even a rupee without the consent of Parliament. Hence its annual spending plan, called the Union Budget propo...Read More

It’s the first time in 40 years that a Budget is being presented after a recession, writes Ajit Ranade

It’s the first time in 40 years that a Budget is being presented after a recession, writes Ajit Ranade

The annual Union Budget will be presented in less than two weeks. It is a constitutional requirement, since not even a single rupee can b...Read More

Having survived 2020 is in itself a cause for celebration, writes Ajit Ranade

Having survived 2020 is in itself a cause for celebration, writes Ajit Ranade

Disease, death, economic destruction and yet resilience, fortitude and determination is how most people experienced the last year. Most o...Read More

V-shaped recovery anticipated, but it's the human capital base of economy that needs care, Ajit Ranade points out

V-shaped recovery anticipated, but it's the human capital base of economy that needs care, Ajit Ranade points out

Macroeconomic winds are blowing favourably as we enter the New Year. Stock markets are at an all-time high. Share price indices are up ne...Read More

The Herculean labour of tackling 
recession & inflation, all at once

The Herculean labour of tackling recession & inflation, all at once

On the one hand, the RBI says it will pursue its accommodative policy as long as is necessary, to revive economic growth. So, money suppl...Read More

In industrial policy, don’t micro-manage

In industrial policy, don’t micro-manage

The recent case of the BSNL is illustrative. Forced to break away from a confirmed tender to Chinese suppliers for its 4G network, it fou...Read More

Closer Indo-American ties contingent on India’s economic strength and growth

Closer Indo-American ties contingent on India’s economic strength and growth

India is seen as a countervailing force to China. ...The feasibility of higher imports from the US depends on stronger domestic growth in...Read More

Ballot choices crying for clean
sweep of criminal taint

Ballot choices crying for clean sweep of criminal taint

The apex court has asked parties and candidates to widely publicise criminal histories in local and national newspapers, as well as on s...Read More

Moratoriums, loan waivers 
vs. credit discipline

Moratoriums, loan waivers vs. credit discipline

It is the interest earnings of banks which allows them to repay their depositors with interest on savings and fixed deposits. If those in...Read More

Farmers need price assurance too

Farmers need price assurance too

Forty years ago, possibly for the first time, there was mass mobilisation and a farmers' agitation led by a most unlikely and uncharismat...Read More

Bracing for a burden of bad loans

Bracing for a burden of bad loans

The larger issue is what is to be done about banking health in times of the pandemic. The RBI-constituted K V Kamath Committee has submit...Read More

Centre-led fiscal push is the only way, writes Ajit Ranade

Centre-led fiscal push is the only way, writes Ajit Ranade

The Centre simply cannot renege on a written and codified promise, act of God or not. We are all in this pandemic together. We are trying...Read More

Facebook and Government of India: How does one regulate social media now?

Facebook and Government of India: How does one regulate social media now?

In the run-up to the 2012 presidential elections in the United States, The Guardian newspaper published a story of how the Obama re-elect...Read More

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