Bubble in Bitcoin or elsewhere?
Gurbachan Singh
Posted on: 11 Dec 2017
Topics:   Finance

The price of Bitcoin has skyrocketed. Gurbachan Singh contends that there may or may not be a bubble in cryptocurrencies. If there is a bubble, then the prices will fall eventually, and the story will end there. If, however, there is no bubble in cryptocurrencies, then there can be interesting implications for other important assets.
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How new technologies can raise farm productivity
Sambuddha Goswami , Uma Lele
Posted on: 06 Dec 2017

Lele and Goswami discuss the potential of new technologies in raising farm productivity, and the challenges involved in turning the power of information and other technologies into a farmer-friendly technological revolution.
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The simple economics of clean air
Ridhima Gupta , E. Somanathan
Posted on: 01 Dec 2017

One of the main reasons why north-western India chokes on smog every November is the burning of residue from the rice crop by farmers. In this article, Somanathan and Gupta contend that public auctions to sell machines that weed out crop residue at a subsidised rate could help stop stubble burning. It will cost the agriculture ministry a fraction of its annual budget.
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Facilitating foreign investment in rupee-denominated debt
Radhika Pandey , Sanhita Sapatnekar
Posted on: 27 Nov 2017
Topics:   Finance

On 22 September 2017, the RBI notified that rupee-denominated offshore bonds – popularly known as ‘masala bonds’ – will no longer form part of the limit for investment in corporate bonds by foreign portfolio investors. In this article, Radhika Pandey contends that while this is a step in the right direction, more needs to be done to complete the reform to simplify and rationalise the current regulatory framework.
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Land records and titles in India
Prachee Mishra , Roopal Suhag
Posted on: 20 Nov 2017
Topics:   Land

Land ownership is broadly determined by access to a land title, which protects the rights of the title-holder, and impacts livelihoods, and industrial, economic, and social growth. However, land titles in India are unclear due to various reasons. In this article, Mishra and Suhag discuss those reasons, policies implemented to address poor land records, and challenges in moving towards a system of State-guaranteed titles.
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Why Asian cities should become focal points for climate change mitigation
Naini Jayaseelan
Posted on: 09 Nov 2017
Tags:   pollution

In this article, Naini Jayaseelan, former Secretary, Environment, Government of National Capital Territory of Delhi, contends that mega cities in South and South-East Asia offer huge opportunities for climate change mitigation via improvements in efficiency in power, transport, and water and sanitation infrastructure.
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Forecasting growth in times of transition
Bornali Bhandari
Posted on: 08 Nov 2017
Topics:   Economic Growth
Tags:   GDP

As per official data released on 31 August 2017, the Indian economy grew at 5.6% in the first quarter of the current fiscal year – in congruence with forecasts of National Council of Applied Economic Research. Based on the quarterly and annual models of NCAER, Bornali Bhandari discusses recent trends in key economic indicators, and future growth forecasts.
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Recapitalisation of public sector banks, and financial repression
Gurbachan Singh
Posted on: 05 Nov 2017

Government of India recently announced its decision to infuse Rs. 2.11 trillion of fresh capital into public sector banks, financed partly through recapitalisation bonds. In this article, Dr Gurbachan Singh discusses how by opting for normal government bonds instead, issues of financial instability and financial repression could have been avoided.
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Why are geniuses destroying jobs in Uganda?
Lant Pritchett
Posted on: 02 Nov 2017

In this article, Lant Pritchett discusses how technological progress is being driven in rich countries by distorted prices and availability of labour and is then inefficiently and uneconomically destroying jobs all over the world, making the dreams of billions around the world of escaping poverty and achieving prosperity through productive work harder and harder to achieve.
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GST Explainer: Value Added Tax 2.0
Aprajit Mahajan , Shekhar Mittal
Posted on: 18 Oct 2017

Aprajit Mahajan (UC Berkeley) and Shekhar Mittal (UCLA) outline some features of the GST that attempt to address the challenges of implementing a VAT system in India.
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