On real-estate prices and rental yields

R Jagannathan, in a recent article, predicts an eventual crash or protracted stagnation/decline in real-estate prices in India. What the aforementioned article presents, as an indicator of a “bubble”, is the differential between rental-yields and secured bank lending-rates. Now, I do not know much about the nitty-gritty details of the real-estate market in India and I […]

Comment on the Revised Draft Indian Financial Code

My comments on the draft IFC which I sent to the FSLRC: I appreciate the hard work put in by the Commission to come up with a draft legislation that will aid greatly in enhancing the transparency within the financial system in India. This is a much needed bill and the formation of an MPC […]