Roundtable Discussion on ‘Role of Financial Institutions in Monetisation of Gold in India’, Bangalore

On 29th January 2016 a roundtable discussion was held on ‘Role of Financial Institutions in Monetisation of Gold in India’ to examine the role of financial institutions and other stakeholders of gold business in gold monetisation. The discussion revolved around the nuances in implementation of the recently introduced Gold Monetisation Scheme (GMS), the role NBFCs…

Computing the Socio-Economic Value Addition of FDI in the E-Commerce Sector

India’s retail sector has seen many developments in the last two decades. From a market that had been largely dominated by small traders/kirana stores, India has seen the growth of organised retail and recently, the growth of e-commerce, both Business-to-Business (B2B) and Business-to-Consumer(B2C). While in most countries, these are but different models of the same…

Look East for Wisdom on Our Monetary Policy Framework: Monetary Policy is Too Serious a Business to be Left to Monetary Authorities and Inflation is too Big a Job to be Left to Monetary Policy

On monetary policy as in many other areas, we tend to ape the latest in the West without considering the differences of circumstances. On the issues of independence of Reserve Bank of India(RBI), its mandate on controlling inflation, its instrument for controlling inflation, we have been we have been trying to replicate the US/UK strategy…