After Sachin Vaze, the next in line for interrogation could likely be the ex-Mumbai CP Parambir Singh.
The change of guard was likely a measure by the MH Government to avoid the embarrassment of NIA interrogating a sitting CP.
NIA meeting Mumbai CP could be in this regard.
Mar 11, 2021 • 15 tweets • 4 min read
The Ertugrul Turn in the Indian Subcontinent.
The next stage of the top-down Pakistan-Turkey geopolitical engagement and deepening of ties has started to take shape.
While the National Strategy may get formulated at the Top, its dissemination downwards requires a Cultural Turn.
PM Imran Khan is on record, of wanting Pakistan to replicate the Turkey model under his leadership.
The Ambassadors of distilling the strategic change into the cultural consciousness of a geography are often the National and Local Celebrities.
Turkish Game of Thrones is key.
Feb 1, 2020 • 15 tweets • 3 min read
Ok let’s tackle the elephant in the room first. And primarily there are two of them.
1. Non Starter Personal Income Tax Cuts; and
2. Cues from Equity Markets.
The non starter personal income tax is disappointing for the middle class. It’s unlikely many will opt for new rates
For people to shift to new structure, their effective tax rate should have been lower than the proposed new structure.
While it doesn’t make sense for high income earners availing housing loans/HRA exemptions to shift, even many below 15lakhs won’t likely shift to new rates.
Aug 27, 2019 • 8 tweets • 4 min read
Your savings lie in 2 bank acs - Bank B (for contingencies) & in Bank A (for daily expenses).
Due to an externality, you estimate that your expenses > than income + Bank A savings.
You have surplus savings in Bank B.
Will it be a good move to transfer the surplus from B to A?
RBI can at most ensure systemic liquidity remains well provided.
How can the RBI enforce last mile liquidity which has dried up due to loss of risk appetite among lenders amidst defaults/rating downgrades?
Jul 4, 2019 • 8 tweets • 6 min read
Dr. Urjit Patel’s presentation at Stanford is an extremely detailed and thoughtful analysis of Indian Banking.
Provisioning policy of Indian Banks has long been at odds with the Loss Given Defaults of lenders.
From Subbaro to Patel, all governors have called for this correction
Dr. Patel has dispassionately analyzed why Indian Banks have been structurally challenged.
He rightly calls out the failures on part of key stakeholders: Banks, RBI and Government.
The analysis has been broken down into Pre 2014 and Post 2014.
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