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Takshashila Institution

Goods and services tax in India

Feasible options for the implementation of the GST in April 2016. The introduction of the goods and services tax (GST) involving the unification and rationalisation of multiple production and consumption taxes at the Union and State levels, into a unified value added taxes on goods and services (GST) at Union and State levels, has been […]

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Pakistan’s tenuous relationship with violent non-state actors in Afghanistan

Understanding this dynamic is critical to a path to peace in Afghanistan. Following the news confirming Mullah Omar’s death, analysts have evaluated that internal rifts in the Taliban would derail the on-going peace negotiations. However, little has been said about Pakistan’s relationship with the Taliban factions or with militias outside the Taliban fold in Afghanistan. […]

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Indian financial code: real risk of financial capture

The biggest risk that the draft financial code poses to Indian economic and financial stability is that it vests tremendous powers in the executive branch of the government. India’s factor markets are broken. Land acquisition is next to impossible. Labour market reforms are threatened by a coalition of international agencies and molly-coddled labour unions. Banks have […]

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Let his village remember

A review of Farthest Field by Raghu Karnad. Raghu Karnad’s Farthest Field (Harper Collins India) is a “forensic non-fiction” about three men who lived in his house as sepia coloured photographs in silver frames, until he decided to find out more about them starting with their real names. What starts as an effort to paint […]

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Human capital: Where does India stand?

The skew in India towards younger generations highlights the disconnect between today’s education system and the skills required in the labour market. Upon analysis of the Human Capital Report – 2015, released recently by the World Economic Forum (WEF), it is clear that for India to tread on the path of long-term economic success, the […]

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The ‘Troika’ goal is not Grexit from EMU but Syrexit from Greece

Unless timely financial assistance is forthcoming, Greece will default on its payment and this might trigger a process of reactions and actions . In January, Greece elected a left-of-centre political party, Syriza, to office. Syriza has pledged to repudiate the debts it owed to international creditors and relax the fiscal austerity programme it had been […]

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The eightfold path to India’s nuclear fuel supply security

The eightfold path presents eight principles which will help India secure its nuclear energy infrastructure. Energy security will continue to remain a critical determinant for India’s growth story. If India expects to resuscitate its economy, the domain of energy security will need immediate and dedicated focus. Moreover, within a few years, 24×7 electricity will become […]

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The return of the tantrum

India has seen improvements in its macroeconomic fundamentals since 2013, and is better suited to face the global financial market tantrum predicted later this year. Every macroeconomist worth his salt has an opinion on when the Federal Reserve is going to increase the interest rates. Speculations about rate hikes have intensified in 2015, making it the most anticipated and feared […]

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A theory of censorship

A ban must be understood through a framework that takes into account the reason for the ban, the stakeholders involved and its impact on the stakeholders. Censorship and bans are as old as the civilised world. Although the two terms are different, the meaning they convey is often similar. The instances of censorship or bans […]

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Taxi marketplaces and competitive regulation

With the coming of players such as Uber and Ola into the local transportation markets, we are effectively seeing “competitive regulation” in the sector. App-based taxi matching companies such as Uber, Lyft and Ola have never had it easy with regulators. Uber, for example, is banned in a few states in the USA and in […]

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