Anshuman Tiwari is an economic analyst, columnist and author. He has been writing columns on economy for more than 18 years. He has worked in Dainik Jagran, Amar Ujala and Business Bhaskar.
At present he is Editor of India Today (H).
The murky bad loan mess in the Indian banking system has turned murkier. While the efforts to recover public sector banks’ non-performing assets (NPAs), worth Rs 10 lakh crore, are yet to yield tangible results, the government seems alarmingly divided on the genesis of the NPA problem.
Are bad loans in banks the result of an organised p [...]
There is absolutely nothing to be excited about as the Narendra Modi government prepares itself to present its last full Budget. Budget 2018, will in fact, usher in an era of listless budgets in the country. This statement may sound strange given the hoopla surrounding the Budget presentation on February 1.
Given the fact that the consumer q [...]
Economic growth isn’t achieved merely by change of governments, or by a series of electoral victories. Although governments keep making tall claims and paint rosy pictures in front of public, they themselves don’t let it get to their head as they know growth results only when a host of factors fire in tandem.
However, the [...]
Beyond demotions and elevations, what does the third Cabinet reshuffle tell us about the Narendra Modi government? PM Modi has trimmed the length of his dress (his big missions) given the shortage of cloth (talent).
The crux of the reshuffle story does not lie in the juggling of ministerial portfolios or in the new sign-ins that we saw.
Prime Minister Narendra Modi’s war against black money has got an unanticipated antagonist right on the other side of his table. The cherished Goods and Services Tax (GST) will be the first major policy which will go against the ideals of demonetisation and transformation of Indian financial behaviour in an era of less cash.
Gold and r [...]
In spite of several inefficiencies, fortunately, India never witnessed a bank-run or monetary crisis parallel to the scale in Europe or America. However, the chaos and long queues that engulfed banks across India now perfectly mirror the plight the Greeks faced last year, albeit for different reasons.
Demonetisation is a rudimentary monetary [...]
While Prime Minister Narendra Modi’s unprecedented move to temporary demonetise Rs 500 and Rs 1,000 notes is expected to bring in a host of positives, it will also set off major administrative and logistical challenges at the outset, not to mention the plight of common people.
The government and Reserve Bank of India (RBI) will do well [...]
Last fortnight, close on the heels of the rise of firecracker nationalism against Chinese goods on social media, Reserve Bank of India (RBI) was busy making adjustments for yuan’s entry into India’s foreign exchange reserves. Not only RBI, most of the global central bankers too had to alter metrics of their forex reserves after yuan’s rise a [...]
Despite the long history of failed tax amnesty schemes, the Narendra Modi government tried its luck with tax pardons, but to no avail. Howsoever pliable the statistics might be, the fact remains that declarations of Rs 65,250 crore under the black money disclosure scheme could attract just a moderate success for the NDA government. However, [...]
Union railways minister Suresh Prabhu’s latest move of “surge pricing fare system” is a gambit to reduce finance minister Arun Jaitley’s pain, who looks all set to soon adopt country’s messy public transport behemoth. If everything goes by the plan, the 93-year old Rail Budget would cease to exist from the next financial year i.e [...]