Kamal Morarka

For RBI Governor, Caution Is Better Part of Discretion

Posted by Kamal Morarka under Blog
The monsoon session of parliament is coming to an end and compare to the sessions since the Modi government took over this definitely been a better one. Not only shouting between the ruling party and the opposition was negligible but also a lot of legislative business got done. Of course the main business was GST bill but other bills are also being passed without an atmosphere of confrontation. It is a good augury for democracy. The GST Bill itself is ...

India Needs High Level Thinking in Policy Decisions

Posted by Kamal Morarka under Blog
Two years have passed since this government took over. I personally feel it has done reasonably well as a central government supposes to do, but the problem is the claims being made by the various ministers are quite wrong and in some cases laughable. For instance Mr. Piyush Goyel keeps on saying that 7,000 odd villages have been electrified which had not got electricity even after 67 years of independence.   That is what he says. What he means is out of ...

Public Sector Should Generate More Employment

Posted by Kamal Morarka under Blog
There is not much political activities as much as the high decibel of noises on various matters, some relevant and some irrelevant. The Finance Minister has been saying that the GST bill may go through this monsoon session, so far so good. There are two problems in it. One, the Indian GST as envisaged keeps petrol and alcohol, which means it’s only 60 percent or what it should it be. In my opinion as bad GST is worse than no ...