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C.P. Chandrasekhar
Monday 14 May, 2018
The implementation of the Insolvency and Bankruptcy Code, 2016 has led to aggressive competition to acquire firms that have been subjected to the resolution process. This suggests that the default that required the creditors to bring these firms to the National Company Law Tribunal was not due to poor fundamentals.
Alejandro Vanoli
Friday 27 April, 2018
This article traces the context in which this author served Argentina as both the chairman of the Central Bank of Argentina and former chairman of Securities and Exchange Commission of Argentina. As described, the efforts necessary for a country such as Argentina to achieve and maintain financial sovereignty are almost as great as the forces opposing such a possibility. While focusing on the specific case of Argentina and pertaining to a specific time in its history, this article offers insights that hopefully can lead to a better understanding of the global forces that condition the management of national economies in the contemporary world.
C.P. Chandrasekhar
Tuesday 20 February, 2018
Support for Budget 2018-19 is missing across the income and wealth spectrum. While the Finance Ministers’ big talk backed with small money no longer fools the vulnerable, the governments’ image of being “reformist” has also taken a hit among speculative foreign and domestic investors, as a reaction to the new tax reforms.
Prasenjit Bose, Zico Dasgupta, Rohit Azad
Monday 07 August, 2017
The Indian growth story of the 2000s’ cannot be over-simplistically explained as a result of “market-oriented” reforms. Public sector bank credit-financed investments, particularly in the infrastructure sector, played a significant role in sustaining growth, most crucially after the global economic crisis. Such a growth trajectory, however, proved to be unsustainable with the expansionary phase coming to an end in 2011–12 and bad loans piling up in the banking system.
C.P. Chandrasekhar
Friday 07 July, 2017
The very limited Barclays prosecution comes in the wake of a half-hearted investigation effort, which has thus far completely let off all those who took the world economy to the verge of a crisis akin to the Great Depression. It is not clear if anything will finally come out of even this case, which is aimed at merely teaching a lesson to those who hurt a bunch of financial investors by violating insider rules.
Prabhat Patnaik
Thursday 25 May, 2017
The advance GDP estimates for 2016-17, however calculated, show a grim picture of the economy. The real per capita income of the agriculture-dependent population, which constitutes half the country's populace, has remained stagnant or even marginally declined during the three years of the Modi government. While the pursuit of neoliberal policies can be held responsible for this, treating the aggregate growth as a “great achievement” for political mileage is unwarranted.
C.P. Chandrasekhar, Jayati Ghosh
Tuesday 23 May, 2017
As the US reduces its role as engine of global demand, there are no signs that other economies will be able to pick up the slack. The mercantilist approach exemplified by Germany is creating net global slowdown.
Thomas Franco
Friday 19 May, 2017
May Day is celebrated as International Workers Day to remember the sacrifices of the working class and also assert the rights of workers. The first May Day was on May 1, 1886 when more than 300000 workers in 13000 businesses across the United States walked off their jobs asking for an 8 hour day among other demands.
Thomas Franco
Friday 19 May, 2017
Three proposals from three agencies related to the banking sector have come under the spotlight in the media. An MoU with the Department of Financial Services, GOI on a turnaround plan to justify infusion of new capital...
Thomas Franco
Monday 17 April, 2017
There is so much hue and cry in the press about giving debt relief to farmers who are under severe stress. The Madras High Court judges who gave a favourable order are also being questioned as interfering with the Executive.
 

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