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More »Concerns with Delhi Metro
19/12/2018
(Coauthored with Ajay Shah)
The primary input that goes into an infrastructure project is money. In the case of the Delhi Metro, cost estimates run to Rs.5.52 Billion per km for the underground stretches and Rs.2 Billion per km for the over-ground stretches. The construction cost …
[Co-authored with Manya Nayar]
The Clinical Establishments (Registration and Regulation) Act, 2010 (Clinical Establishments Act) is facing resistance from the medical fraternity. The Indian Medical Association claims that the law will cause an increase in the cost of treatment and adversely affect small …
[Co-authored with Shubho Roy]
In his budget speech of 2017, the Finance Minister, Arun Jaitley announced that the government has prepared an action plan to eliminate two vector-borne diseases by the end of this year (para. 64):
"Poverty is usually associated with poor …
Transparency and governance in central banks
There is renewed debate about the working of the RBI board, after the demonetisation decision. In a recent article in the Indian Express, we linked the observed outcomes to the faulty institution that is the RBI board. The …
Runs on real estate companies?
25/11/2016
A new threat
Many households in India like to invest in real estate, even though this has not worked out as a great asset class. The Indian real estate business has been facing considerable difficulties in the present business cycle downturn. The recent `de-monetisation' is …