Ila Patnaik writing for the mass media

2000-mid 2004 This was mostly my alternate-Wednesdays column in Business Standard., unless stated otherwise.

2004

• Cutting deficits, 16 June 2004. kw - fiscal deficit, budget, taxes,Keynesian policies.
• Riding the cycle, 2 June 2004. kw - business cycles in India, monsoon cycles, exports, investment.
• Is the stock market a barometer of the economy,The Times of India, 23 May 2004. kw - stock markets, economic performance.
• Its the market, stupid, 19 May 2004. kw - election, left, stock markets, investment, Black Monday.
• The USD quagmire, 5 May 2004. kw - Forex reverves of China and Japan, US economy.
• A change in course?, 7 April 2004. kw - currency regime, exchange rate volatility, central banks that lie.
• Looking beyond Mr. Joshi, 17 Mar 2004. kw - higher education.
• Dining with the devil, 3 Mar 2004. kw - currency policy, sterilised intervention, reverse speculative attack.
• Feeding an elephant, 18 Feb 2004. kw - currency policy, sterilised intervention, quasi-fical costs, monetary stabilization fund.
• Outsourcing is an old story with new critics, The Asian Wall Street Journal, 13-15 Feb 2004. kw - outsourcing, protectionism.
• Fiscal implications of the DA merger, The Economic Times, 9 Feb 2004. kw - DA merger, fiscal impact.
• Fiscal Consolidation, 5 Feb 2004. kw - fiscal deficit, anti-cyclical fiscal policy.
• What next with GDP growth?, 21 Jan 2004. kw - sustainability of GDP growth, investment.
• RBI tries to hang on, 7 Jan 2004. kw - currency policy, sterilised intervention, reverse speculative attack.

2003

• Feel bad factor 17 Dec 2003. kw - Fiscal deficit, public goods.
• Getting governance right 1 Dec 2003. kw - Governance, public goods.
• Back to the 1970s 19 Nov 2003. kw - ECB guidelines, capital inflows, inspector raj.
• 8 percent tariff for 8 percent growth 5 Nov 2003. kw - custom duties, reserves, capital inflows.
• Trade deficit: Boon or bane? 15 Oct 2003. kw - current account deficit, development strategy, capital export.
• Outlook for credit policy, 1 Oct 2003. kw - credit policy, interest rates.
• Quasi-fiscal costs, 17 Sept 2003. kw - sterilized intervention, currency regime, monetary policy.
• Dr Jalan's dilemmas, 2 Sept 2003. kw - currency regime, open capital account, impossible trinity.
• Should ECB norms be relaxed, Economic Times, 20 August 2003. kw - capital inflows, interest rates, currency regime.
• Lazy bankers, 13 August 2003. kw - yield curve, interest rate risk, credit monitoring.
• What next at RBI, 30 July 2003. kw - Y. V. Reddy, currency regime, capital inflows.
• Creative Destruction, 16 July 2003. kw - PCO/STD booths, labour market flexibility.
• A change in course?, 1 July 2003. kw - currency regime, sterilized intervention, floating exchange rate.
• Book review: Seeking Social Justice through Globalization by Gavin Kitching, International Studies, Volume 40, No.3, July-September 2003, kw- globalization of financial markets, gains from trade.
• No rate cut, 18 June 2003. kw - exchange rate regime, interest rate differentials.
• What next on interest rates?, 4 June 2003. kw - currency volatility, interest rate volatility.
• Enter the dragon?, 14 May 2003. kw - India's trade with China and Hong Kong.
• The visible hand, 30 April 2003. kw - review of Saving capitalism from the capitalists, by Raghuram Rajan and Luigi Zingales.
• Making Indian banks safer, 16 April 2003. kw - banks, interest rate derivatives, interest rate risk, interest rate futures launch.
• Higher oil prices?, 2 April 2003. kw - iraq war, India's vulnerability to higher oil prices.
• Contractionary Fiscal policy, 19 March 2003. kw - budget, fiscal policy.
• The silver lining?, 5 March 2003. kw - pension proposals in the budget .
• Which ministries should get the axe?, 29 January 2003. kw - public expenditure, public goods, fiscal constraints.
• How safe are Indian banks?, 15 January 2003. kw - banks, interest rate risk.
• Who will pay for local services?, 1 January 2003. kw - local government, public spending, taxes.
• Interest rate risk in Indian banks, January 2003, moneycontrol.com, kw - interest rate risk, banks.
• Signs of revival: Evidence from imports, January 2003, moneycontrol.com, kw - growth in imports.

2002

• Political economy of interest rates, 18 December 2002. kw - saving, tax exemptions, market distortions.
• Reserves as insurance: Money Back or Life?, 4 December 2002. kw - foreign exchange reserves, reserves management, investment.
• Bill Gates: Friend or Foe?, 20 November 2002. kw - Microsoft, free software, monopoly.
• Is the rupee undervalued , 7 November 2002. kw - currency, real exchange rate, productivity.
• Run up to the credit policy , 17 October 2002. kw - credit policy, interest rates, crr, saving rate.
• Why they think we are junk , 2 October 2002. kw - India credit rating, rupee debt, fiscal adjustment.
• Fiscal impact of bail-outs , 4 September 2002. kw - bail-out, financial institutions, UTI, NPA .
• Drought Management , 7 August 2002. kw - rainfall, drought, gdp growth projections .
• Can the Indian economy grow at 8 per cent?, 21 July 2002 The Times of India. kw - growth, investment.
• The road ahead for the new FM , 3 July 2002. kw - corruption, excise duties, expenditure.
• Special Group vs Task Force , 5 June 2002. kw - employment, labour laws .
• Book review: Economics of Chance, , 18 May 2002. Outlook. kw - Book review of Glimpses of Indian Economic Policy - An insider by I. G. Patel.
• Has the bank rate bottomed out , 8 May 2002. kw - interest rates.
• An embarrassment of riches , 10 April 2002. kw - foreign exchange reserves, reserve adequacy.
• Is the Budget milking the salaried class dry , 17 March 2002. The Times of India. kw - Income tax, tax incentives, provident fund.
• Zoellick versus Bush , 13 March 2002. kw - steel industry, protection, US trade policy .
• Horses for courses , 20 February 2002. kw - tax exemptions, Shome committee, Reddy committee.
• Heads in the sand , 8 February 2002. kw - Real exchange rate, REER, currency, exchange rate management.
• Consumer key to growth, 02 February 2002 The Times of India. kw - Income tax,tax incentives, provident fund, consumer demand.
• When a leopard changes spots , 23 January 2002. kw - Report on Currency and Finance, inflation, growth.
• Book Review: A job half done , 14 January 2002. kw - Book review of Development and Finance by M. Narasimham .
• Book Review: Asian Crisis Revisited , 12-18 January 2002. Economic and Political Weekly kw - Book review of The East Asian Currency Crisis by Mihir Rakshit.
• How to read tea leaves , 9 January 2002. kw - business cycles, leading indicators.

2001

• What causes prosperity and collapse?, 27 December 2001. kw - Review of Indian Economic Review's Special Issue on Business Cycles.
• An investment revival? , 13 December 2001. kw - investment expenditure .
• Reform job partly done ,26 December 2001. kw - Book review of Protection in Indian Manufacturing: An Empirical Study by Hasheem Nouroz.
• For appearances sake ,24 November 2001. kw - CRR, credit, reserve money.
• Languishing social sector, 7 November 2001. kw - health, education, income .
• Me safe you sorry , 24 October 2001. kw - RBI, liquidity, monetary policy.
• Come into my parlour, 27 September 2001. kw - China's entry into WTO.
• The dark side of the moon, 2001. kw - unemployment, capital-labour ratio.
• Yashwant Sinha's totem-pole, 26 July 2001. kw - GDP growth rate, monsoon.
• Few signs of recovery , 12 July 2001. kw - growth, deficit.
• Old habits die hard , 6 June 2001. kw - industrial growth, demand .
• To worry or not to worry , 23 May 2001. kw - GDP growth, data revisions.
• From GDP to PDY in 16 easy steps , 9 May 2001. kw - National income accounting.
• India's new business cycle , 25 April 2001. kw - business cycles, exchange rate policy .
• Heterogeneity of Ideas , 16 April 2001. kw - Book Review of Contemporary Macroeconomics by Amitava Bose et.al.
• The case against a rate cut , 11 April 2001. kw - bank rate, monetary policy.
• How about swadeshi savings , 12 March 2001. kw - domestic savings.
• Will the surcharge go , March 2001, India-today.com, kw - budget, income tax surcharge.
• Stroking sentiment , 26 January 2001, Times of India, kw - budget, business confidence.
• What is a positive environment? , 25 January 2001. kw - bank rate, investment .
• Of onions, oil and inflation , Sharekhan.com, 25 January 2001.
• Budget to step up aggregate demand , Sharekhan.com, 1 March 2001.
• Try debt, dear Henry, try debt , Sharekhan.com, March 2001.
• The hand of god , Sharekhan.com, March 2001.kw-revising IIP data.
• Railways in the red , Sharekhan.com, 2001.
• Behaving responsibly , Sharekhan.com, 2001.
• The credit policy: Deja vu , Sharekhan.com, April 2001.
• Is the worst over? , Sharekhan.com, 2001.
• My share of the cake , Sharekhan.com, 2001.
• PPF rate cut , Sharekhan.com, 2001.

2000

• What's worrying you Mr. Governor, 26 December 2000. kw - foreign exchange reserves, reserve adequacy.
• Who is afraid of Chinese imports?, 26 November 2000. kw - manufactured imports, China.
• Where has all the credit gone, 31 October 2000. kw - bank credit, oil prices, imports.
• Monetary Policy in uncertain times, 11 October 2000. kw - inflation, forecast, money.
• Coming of age for social capital, 8 September 2000. kw - social capital.
• Does the RBI know what it wants?, 14 August 2000. kw - monetary policy.
• Bon Apertif, 28 June 2000. kw - Book review of Issues in Financial sector reforms by S.S.Tarapore.
• RBI has struck the right note, 6 June 2000. kw - monetary policy.
• Legalising Cricket betting will encourage match fixing, 3 May 2000. kw - betting.
• Surprising Naivete on Tax Havens, 11 April 2000. kw - double taxation treaties.
• Good News for Importers, 30 March 2000. kw - exchange rate, imports.
• Sawal Sau crore ka , Sharekhan.com, 13 December 2000.
• Between a rock and a hard place , Sharekhan.com, 20 December 2000.
• Paying for Mum and Dad , Sharekhan.com, 27 December 2000.

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