Tag: Public Policy

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Building a pipeline of urban infrastructure projects

The Financial Express ($) Over the last month, two important reports on urban India came out in quick succession: The World Bank’s report on “Financing India’s urban infrastructure needs” and the Reserve Bank of India’s “Report on Municipal Finances”. The World Bank report peers into the future to detail the quantum of investments required in urban India over the next decade and a half; … Read More Building a pipeline of urban infrastructure projects

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Winner’s Curse

Strategies to understand and mitigate it Last month, at a leadership development program, I went back to my alma mater, IIM Ahmedabad. It is always fantastic to go back to the classroom and that too at IIMA! A topic that we detailed deeply there was Winner’s Curse. For an investor, entering into auctions can be fraught with the risk of overbidding such that while … Read More Winner’s Curse

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Building a network of green financing institutions in India

Financial Express The idea that India needs to invest trillions of dollars in meeting its Net Zero by 2070 commitment is, by now, well known. Estimates run to over ten trillion dollars in the next half century or the hundreds of billions of dollars in the next decade. The sums of monies to be channelized for this transition are very significant as a proportion … Read More Building a network of green financing institutions in India

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Fiscal considerations of the Green transition

State of public finances has a direct impact on Green policies that Government can pursue – the range of policy options gets shaped by the need for more revenues or the ability to spend them Financial Express India’s commitment to Net Zero by 2070, has well and truly set the course for a Green transition in the country. Many aspects of this once-in-a-lifetime change … Read More Fiscal considerations of the Green transition

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Sequestering the fiscal bounty

The notional ‘saving’ of ~Rs 1 lakh crore on the fiscal deficit front offers India an opportunity to create a fund to deal with climate change Financial Express Fiscal year 2021-22 has been volatile, to say the least. The Budget for FY2022 was presented on Feb 1 last year at a time when the first wave of Covid-19 was firmly behind us. However, soon … Read More Sequestering the fiscal bounty

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Annual report of IIMA Public Policy ASIG

I co-lead as an alumni coordinator the IIMA Public Policy Alumni Special Interest Group’s (PP ASIG). Learn more about the IIMA PP ASIG’s activity highlights from 2020 in the #AnnualReport published recently. IIMA ASIGs were true to their goals, key priorities, and projects even in the face of Covid-19. Backed by the institute, the PP-ASIG aims to foster collaboration among the IIMA community (alumni, … Read More Annual report of IIMA Public Policy ASIG

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Hedging INR for the long-term

Foreign investors with long-term commitments to Indian infrastructure need the ability to hedge their currency exposure in India. The exposure can typically last for multiple decades, especially in the context of infrastructure. The recently concluded Virtual Global Investor Conference saw large global investors recommitting to their interest in investing in India for the long-term. For investors, the return they seek is dependent on the … Read More Hedging INR for the long-term

HippoBrain conversation

In 2015, I was summoned to the North Block from the office of the then Minister of State for Finance, Jayant Sinha. For somebody who worked in a bank, my first thought was that some hell had broken loose somewhere; I may have written something that was a slip-up or something. We ended up having a one-hour long conversation and that was it. Nothing … Read More HippoBrain conversation

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Getting the vaccine to a billion plus people

India can learn a lot from its experience in managing cash – getting a billion people what they need can be planned effectively. A vaccine for Covid-19 is expected to come sometime over the next few months – hopefully in this year. Once a vaccine is available, getting it to India’s billion plus people is a logistical challenge with many moral and ethical questions … Read More Getting the vaccine to a billion plus people

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Making the frontier sector work

Many of the networks of value could start to become ‘utilities’ as they become more embedded in everyday lives. In the previous article, we introduced the idea of the D-sector. The three traditional sectors have a well-defined, or largely settled, understanding of the many elements that build them: (1) what resources are required, (2) employment and its regulations, (3) the path to skills, (4) … Read More Making the frontier sector work

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Indian Aviation: Looking Ahead

Aviation is amongst the worst-hit industries in Covid-19: what might change? – By Akhilesh Tilotia and Sunil Bhaskaran Before Covid-19 pandemic hit India and its aviation industry, airline traffic had been growing smartly for last many years: indeed, the industry had celebrated fifty consecutive months of double-digit growth in December 2018. Airlines in India had started transporting more people annually (~140 million) than the … Read More Indian Aviation: Looking Ahead

Landmark Reforms in Indian Agriculture

Notes from a Live Webinar co-hosted by Axis Bank and agribazaar The panel was represented by senior government officials, investors, developmental agencies, agri-industrialists and a banker. The reforms undertaken by the Government were outlined and explained by the four Secretaries to the Government of India. These reforms have been variously called the “watershed moment”, “1991 moment”, and the “unshackling” of Indian agriculture, especially since … Read More Landmark Reforms in Indian Agriculture