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Ila Patnaik

Ila Patnaik

Keep the money moving

The NREGS is now particularly important. It can both help individuals who are experiencing bad times and generate counter-cyclical expenditures. The g

Clear as liquid

The package announced by the RBI this weekend will go quite a way in easing rupee liquidity in the coming days.

The world is what it is

The Reserve Bank of India’s interest rate cut is among the many steps Indian policy-makers need to take to reduce the impact of the global crisis on I

Call money rates ease

In recent weeks, companies which are short of cash have withdrawn money from mutual funds where their treasury function was often outsourced.
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Global equity markets take heart as govts act in concert

European countries unveiled a series of initiatives aimed at resolving the global financial crisis.

Let the rupee be

In trying to reduce rupee volatility, RBI could trigger a financial crisis

Will the G7 plan stabilise global financial markets?

Last Tuesday, the UK came out with a three-part plan to resolve the global financial crisis.

An agenda for difficult times

The financial crisis in the United States has created ripple effects all around the world. As a result of deepened...

Hope it will float

The Indian rupee has continued to depreciate over the last few days. It is strange that even though a weak rupee...

The Thursday syndrome

Today is weekly inflation data day. Every week, courtesy bad number crunching, we are misled

Pricing the rupee

The Congress-led government, with the Left off its back, is now expected to undertake economic reforms.

Central bank misrules

Those who fix rates must learn from history. RBI clearly has not

What price people?

Why no one asked when RBI’s anti-inflation policy turned anti-household

In the number soup

The WPI based inflation rate has crossed 8 per cent. Inflation data in recent weeks has become a source of short-term...

Engineering inflation

The last few days have seen a sharp depreciation of the rupee. At a time when there are significant inflationary pressures in the economy, this is one

China doesn’t show the way

With inflation above 7 per cent and industrial production growing at 3 per cent, the Indian economy is in trouble.

The Nineties nightmare

Just as it had in the middle of the last decade, is policy again nudging India into recession?

Let the rupee climb

When global inflation is high in dollar terms, why keep the rupee cheap?

A capital idea

The focus in Indian policy making should now be on getting the monetary policy framework right, to cope with fluctuations in capital flows

How RBI imported high prices

Stronger rupee will make imports cheaper and work much better than the quantitative curbs

And Bihar still doesn't get it

Every quarter, the Centre for Monitoring Indian Economy tracks all investment projects presently under implementation.

Engineering of the rupee

The month of February saw the US dollar weaken against world currencies.

No free lunches here

Congress and Left want a borrow-and-spend budget. This is bad economics and politics

Understatement is not a virtue

The UPA government has been claiming that it has done well on fiscal consolidation.

Home is where the dollar goes

Indians living abroad send dollars into India in two ways. One, through NRI deposits...
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