An autonomous research institute under the Ministry of Finance

 

Macroeconomics

Understanding the recent Banking Regulation (Amendment) Ordinance, 2017

09/05/2017

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[Co-author: Rajeswari Sengupta]

 

On 4 May, the President promulgated the Banking Regulation (Amendment) Ordinance, 2017. This adds sections 35AA and 35AB to the Banking Regulation Act, 1949 ("BRA").

 
The first applications of this modified law are visible. Under these new provisions, the Government has issued an order ...

A critique of RBI's proposal to regulate pre-paid payment instruments in India

03/05/2017

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[Co-authors: Gausia Shaikh and Bhargavi Zaveri]

 
Demonetisation has reportedly given a fillip to the use of digital pre-paid payment instruments (PPIs) in India. PPIs are stores of value which can be used for the purchase of goods and services. Some PPIs are akin to zero-interest deposits as they allow ...

Competition issues in India's online economy

05/04/2017

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[Co-authored with Ajay Shah and Avirup Bose]

 

The world of high technology companies is seen as a dynamic area with a rapid pace of creative destruction. There is, however, a class of industries where there are strong network effects, where the market tends to collapse into a narrow set of ...


TRAI's consultation towards a net neutrality framework in India

15/02/2017

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[Co-authored with Mayank Mishra and Smriti Parsheera]

 

The context

 
The Telecom Regulatory Authority of India (TRAI) has issued a Consultation Paper (CP) on Net Neutrality seeking inputs for the formulation of final views on the subject. This comes almost a year after TRAI's regulation prohibiting discriminatory tariffs for data ...

Judicial Procedures will make or break the Insolvency and Bankruptcy Code

10/02/2017

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[Co-authored with Pratik Datta]

 

The key test of any default resolution process is: how much value is recovered by the lender? The most important factor that determines this amount is the time taken to complete the resolution. India has set up many recovery mechanisms that have given us long ...