Uncovering the Monetary Policy Rule in India

India’s central bank, the Reserve Bank of India (RBI), has an unenviable task. It is not really independent, it has multiple objectives (not all of its own making), it has to deal with a country that is extremely heterogeneous in terms of economic structures and development levels, and it often lacks good data for its […]

Where is India in Internet adoption?

Where is India in terms of usage of the Internet? One way to think about this question is to look at specific application areas. I saw two fragments of evidence today: Online tradingWriting in Hindu Business Line, Rajalakshmi Sivam has interesting information about the share of online trading on NSE: 2006 Today Number of trades […]

Impressive Piece of Work

I am ordinarily gloomy about the public policy process in India. But for a welcome change, the quality of staff work in the draft direct tax code, which has been put out for discussion, is outstanding. Originally published at Ajay Shah’s blog and reproduced here with the author’s permission.

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