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Ajit Ranade: Why India shouldn't abandon capital gains tax for the sake of the rupee

New Delhi, Nov. 2 -- Persistent foreign selling of Indian equities has revived demands to reduce or abolish long-term capital gains (LTCG) tax. Another proposal is to keep the tax but impose it only o... Read More


RBI's tightening task: How India's high interest burden muddles the central bank's job

New Delhi, Oct. 19 -- When a government, the biggest borrower in the system, spends 40% of its revenues on interest, monetary tightening has serious consequences. It affects the government's capacity ... Read More


Ajit Ranade: The 2026 Economics Nobel prize focuses on a macro quest that's far from over

New Delhi, Oct. 13 -- The 2026 Nobel Prize in Economics has been awarded to Robert Hall of Stanford University and Michael Woodford of Columbia University. Their research helps explain how decisions o... Read More


Ajit Ranade: Indian policymakers have less space for manoeuvre but here's what they could do

New Delhi, Oct. 5 -- Two recent warnings deserve to be read together. Chief economic advisor V. Anantha Nageswaran has cautioned that the second half of this fiscal year will be tougher, despite first... Read More


Why the Tata inheritance reminds us of Gandhi's view of wealth-best held in trust for people at large

New Delhi, Oct. 1 -- Gandhi's birth anniversary this year is an appropriate occasion to examine his idea of trusteeship. The dispute involving Tata Trusts and Tata Sons has made it a live question: ho... Read More


The Tata model is one of India's unique contributions to capitalism-it mustn't get undone

New Delhi, Sept. 21 -- The dispute engulfing Tata Sons has several dimensions: disagreement over the reappointment of its chairman, differences between its board and Tata Trusts and the interests of t... Read More


Ajit Ranade: RBI owes the public an explanation for its exorbitant dollar deposit scheme

New Delhi, Sept. 7 -- Much has already been said about the Reserve Bank of India's (RBI) abrupt closure of its special foreign currency non-resident (bank) scheme, a facility to attract dollar deposit... Read More


India's Unified Payments Interface is public infrastructure and not just another commercial service

New Delhi, Aug. 9 -- The Unified Payments Interface (UPI) is one of India's most successful pieces of economic infrastructure. In July, it handled nearly 24 billion transactions worth almost Rs.30 tri... Read More