Hema Ramakrishnan

Oct 16, 2019, 09.14 AM IST

Hema Ramakrishnan

  • View: All are winners in Trump’s trade truce

    View: All are winners in Trump’s trade truce

    The latest pause in trade hostilities between the US and China will help contain the collateral damage that the rest of the world would have otherwise suffered.

    View: Find a suitable successor to Acharya

    View: Find a suitable successor to Acharya

    As a member of the Central Board of Directors of RBI and the Monetary Policy Committee, Acharya brought credibility to his job that entails a command over finance.

    View: BJP courts angry farmers

    View: BJP courts angry farmers

    Goals such as doubling farmers’ incomes or raising farm output are laudable, but call for sound policy action and investment.

  • Hema Ramakrishnan

    Corporate India must start investing now

    Three years ago, industry lobby the Confederation of Indian Industry sought a cut in India’s corporate tax rate to be cut from 30% to 18%, while scrapping all tax breaks. The NDA government, on its...

    Hema Ramakrishnan

    Sensible action on FDI

    It is welcome that the government has eased foreign investment norms further in single brand retail, coal mining and contract manufacturing, some of which are path breaking in nature and will result in substantial investments....

    Hema Ramakrishnan

    SIT must desist this wild goose chase

    The Special Investigation Team on black money is reportedly probing the misuse of the Liberalised Remittance Scheme by high net-worth individuals to evade taxes, says an ET report. This is baffling to say the least....

    Hema Ramakrishnan

    Drive reforms to ignite entrepreneurship

    Prime Minister Narendra Modi’s first Independence Day address in his second innings reflected definitiveness. Shedding the fear of being (once again) labelled suit boot ke sarkar, he underscored the need to respect wealth creators, and...

    Hema Ramakrishnan

    Auditors must be heard too

    The Ministry of Corporate Affairs should desist painting audit firms as anti-heroes in the absence of any conclusive proof of malfeasance. Its reported move to ask the National Company Law Tribunal to freeze the assets...

    Hema Ramakrishnan

    Why not duty to publish?

    Deft floor management has helped the government ensure the passage of the amendments to the Right to Information Act to alter the salary and tenure of information commissioners. The law, meant to empower citizens and...

    Hema Ramakrishnan

    India must have managed healthcare

    Visits to corporate hospitals become almost a routine with elderly folks at home who often go down with an electrolyte imbalance or even a stomach infection that goes out of control. Attention is prompt, but...

    Hema Ramakrishnan

    Tax Policy Reform: Nuts and Bolts Missing

    The Economic Survey suggests an “optimal tax policy” to spur investment and innovation, among start-ups, but is ambivalent on the specifics. “Countries across the world recognise the need to evolve tax system that can foster innovation....

    Hema Ramakrishnan

    Find A Suitable Successor to Acharya

    The premature resignation of Viral Acharya as Deputy Governor of the Reserve Bank of India (RBI) turns the spotlight on the working relationship among top RBI functionaries with the Governor and the government. With a...

    Hema Ramakrishnan

    Railways must rope in private sector in a big way

    The government’s reported plan to rope in private operators to run passenger trains on low congestion and tourist routes makes eminent sense.To start with, state owned Indian Railway Catering and Tourism Corporation will be offered...

    Hema Ramakrishnan

    Budget must outline more banking reforms

    Recently, RBI Governor Shaktikanta Das rightly underscored the need for governance reform in public sector banks that are reeling under bad loans. “It is important to enhance the quality and stability (in PSB boards) through...

    Hema Ramakrishnan

    Bring More Accountability in Health Care

    The reported death of 43 children, mostly girls, from the outbreak of brain fever in Bihar’s Muzaffarpur district is a tragic reflection of the poor healthcare system in the country. A central team that is...

    Hema Ramakrishnan

    India needs hard reforms to drive growth

    The NDA government has been pragmatic to set up two cabinet committees, chaired by the PM, to resolve the key concerns — investment and employment. It should swiftly clear projects and take a final call...

    Hema Ramakrishnan

    Government must be a good business partner

    The government owes serious dues to assorted vendors that include Hindustan Aeronautics Limited and private telecom manufacturers. Its inability to make timely payments to vendors, both in the public and private sector, on its procurement...

    Hema Ramakrishnan

    Strengthen This Public Network

    The next government that assumes office at the Centre will have to act with alacrity to rescue state-owned telecom companies. A decision on how to revive the beleaguered firms, MTNL and BSNL, that have been...

    Hema Ramakrishnan

    New Revenue Collecting

    The cancellation of elections to the Lok Sabha constituency in Vellore, Tamil Nadu, on Tuesday shows the Election Commission’s (EC) firmness to clamp down on dirty money. This is welcome, indeed. But it also makes...

    Hema Ramakrishnan

    India needs a watch-dog for fiscal discipline

    The Chairman of the Fifteenth Finance Commission Chairman N K Singh has rightly pitched for a fiscal council to enforce fiscal rules and better manage public debt. “The rules of the game should be same...

    Hema Ramakrishnan

    Bridge the gender chasm to boost the economy

    A Womenifesto released by the National Alliance of Women’s Organisations ahead of the International Women’s Day sets out laudable goals including the creation of one crore jobs for women in the next five years. India...

    Hema Ramakrishnan

    Interim Budget: Good bye to Direct Tax reforms?

    Three-crore taxpayers in India will certainly not quibble over the NDA government having broken convention to bestow pre-poll income tax sops. But economists will have concerns about the regression in direct tax reform as the...

    Hema Ramakrishnan

    Arun Jaitley Hits The Bull’s Eye

    It is indeed baffling that the agency which booked former ICICI chief executive Chanda Kochhar, her husband Deepak Kochhar and Videocon Group Managing Director Venugopal Dhoot for alleged criminal conspiracy and cheating also recommended investigating senior officials of the bank who were part of the loan sanctioning committees in past.

    Hema Ramakrishnan

    Regulators must do the tough bit to boost corporate governance

    Sebi must show zero tolerance to corporate mis-governance, and swiftly probe into complaints alleging any irregularities in companies to prevent destruction of share-holder value. The spotlight has turned to corporate governance following the reported tumbling...

    Hema Ramakrishnan

    MSMEs need more access to formal finance

    Tensions are defusing between the government and the Reserve Bank of India. A proof of a  rapprochement is the RBIs latest decision on concessions to micro-small and medium enterprises (MSMEs). The reprieve in the form...

    Hema Ramakrishnan

    Insolvency & Bankruptcy Code: Less delay, more reform

    Last month, 13 economists, including IMF chief economist Gita Gopinath and former RBI governor Raghuram Rajan, praised India’s bankruptcy law while charting an economic strategy for the country heading for general elections later this year....

    Hema Ramakrishnan

    A mini-budget to woo babus

    The NDA government has played Santa ahead of the poll year. Its decision to enhance its contribution to the National Pension System to 14% from 10% for central government employees gives them a big boost,...

    Hema Ramakrishnan

    Run, tax-evaders, run

    On December 1, world leaders at the G20 summit in Buenos Aires, Argentina, agreed to reform the World Trade Organisation (WTO), even as the US and China patched up to ease their trade ‘frictions’ a...

    Hema Ramakrishnan

    Make Corporates Less Loanly

    Version 3.0 of India’s new Direct Taxes Code is moving towards the finishing line. Hopefully, the task force steered by Arbind Modi will recommend progressive reforms in the new income-tax law to slash corporate and...

    Hema Ramakrishnan

    Has doing business in India got easier?

    Would it be easier to do business in India on August 15, 2018, than it was on August 15, 2017? The World Bank’s (WB) Ease of Doing Business rankings, to be released later this year,...

    Hema Ramakrishnan

    Sebi must respect a citizen’s privacy

    Powers to wire-tap audio calls is a bad idea. It violates a citizen’s privacy that the Supreme Court has ruled to be a fundamental right.

    Hema Ramakrishnan

    Scrap, or at least lower road cess

    Earlier this month, initiating the no-confidence motion, Galla Jayadev, TDP MP, raised a point about the Centre not sharing cesses with the states, and how, effectively, the devolution to the states is only 36-37% of...

    Hema Ramakrishnan

    Public sector bankers need protection, and freedom too

    The changes to the Prevention of Corruption Act, cleared by Parliament, are expected to ease the pressure on civil servants and public sector bankers. Will these officials now start signing off on any file if...

    Hema Ramakrishnan

    Protect, & Value, User Data

    Valuing user data has ignited a global debate, even as companies are trying to comply with the EU’s General Data Protection Regulation (GDPR) that gives people more control over their personal data. Should governments tax...

    Hema Ramakrishnan

    Clear the banking mess and let small businesses thrive

    It is disconcerting that half the country’s state-owned banks are now under the RBI’s watch-list for their deteriorating health. Reportedly, more banks could come under the so-called prompt and corrective action framework (PCA) that restricts...

    Hema Ramakrishnan

    Quality of fiscal data needs to drastically improve

    Last week, the Andhra Pradesh government led by Telugu Desam Party chief N Chandrababu Naidu boasted of high growth rates and painted a rosy picture of state finances for the coming fiscal. Ironically, the budget...

    Hema Ramakrishnan

    At the cutting edge of tax

    Corporate tax reform is nice in theory but tough in practice. It usually requires lowering of tax rates and closing of loopholes. And whatever new, lower tax rate is determined, there will probably be another...

    Hema Ramakrishnan

    Keep it elegantly simple

    The GST Council unveiled a mini-Budget of sorts last Friday. Pragmatism prevailed to make the new tax system less painful for taxpayers, but with a dash of populism that could distort the tax structure. The...

    Hema Ramakrishnan

    Good job, let businesses thrive

    It is laudable that India has moved up by thirty notches into the top 100 in the World Bank’s latest Doing Business: Reforming to Create Jobs rankings. A vast improvement in its business regulation and...

    Hema Ramakrishnan

    India needs data-protection laws in place

    There is growing demand for India to write laws on data protection and privacy in the wake of the Supreme Court ruling privacy to be a fundamental right. Concerns over cybersecurity, data protection and privacy...

    Hema Ramakrishnan

    Make laws on data protection and privacy swiftly

    The old order changeth yielding place to new, concluded Justice Sanjay Kishan Kaul, one of the nine members of the Supreme Court bench which unanimously ruled that individual privacy is a fundamental right protected by...

    Hema Ramakrishnan

    Relieve people, not just firms

    Many Indians are vulnerable to financial distress. The proportion of people below the poverty line, estimated at 21.9% in 2011-12, are at greater risk. Rightly, the bankruptcy code, meant to resolve corporate distress, also provides...

    Hema Ramakrishnan

    Bihar must fight the blight of backwardness

    Nitish Kumar is back in the saddle as chief minister of Bihar barely twenty four hours after a political realignment in the state. The BJP that has forged ties with the JD(U) says that the...

    Hema Ramakrishnan

    Should failed managers be given a chance?

    On June 1, 2009, General Motors had filed for Chapter 11 protection, triggering the largest industrial bankruptcy in American history. The Economist hailed the company’s return to the stock market within a year and half...

    Hema Ramakrishnan

    Government must act to rekindle animal spirits in the economy

    The Reserve Bank of India’s decision to keep key interest rate unchanged at 6.25 per cent was on expected lines. Unexpected was the finance ministry’s request asking the monetary policy committee (MPC) to meet mandarins...

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