Recent analysis
IDBI Bank’s Rescuers Put In ₹54,000 Crore. At Fairfax’s ₹81 a Share They Make a Profit, but Less Than Government Bonds Would Have Paid
Fairfax is paying ₹52,878 crore for 60.72% of the bank. Counting the stakes they keep at ₹81 and the dividends paid, the government get...
Read the piece →The World Bank Says 496 Million Indians Left Poverty. Its Own Note Says the Last Year’s Drop Is Partly a Better Survey
Poverty below $4.20 a day fell from 57.7% to 16.1% between 2011-12 and 2023-24, and extreme poverty to 2.6%. About a fifth of the twelv...
Read the piece →Panchayats Raise Barely Two Rupees in Tax for Every Hundred They Receive, 33 Years After the 73rd Amendment
Village panchayats took in Rs 35,354 crore in 2022-23; 2.1% came from their own taxes and 94% from grants. The states that devolve most...
Read the piece →States Can Draw Rs 61,008 Crore of Short-Term Credit From the RBI. A Few Live on It, While the Rest Park Up to Three Times That in Treasury Bills
An RBI committee wants the ways-and-means limit raised 11% to Rs 67,839 crore and overdrafts cut short. The bigger problem is distribut...
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Umashankar Triplicane Dwarakanathan
Investment Promotion & Energy-Sector Leader · Chennai, Tamil Nadu, India