Entry of Private Banks

RBI has a discussion paper on opening up banking for entry by private banks. See responses by Jayanth Varma in the Financial Express and by Ila Patnaik in the Indian Express. Also, a less coherent response from me on TV.

A nice feature of the above RBI URL is that it also links to the . . . → Read More: Entry of Private Banks

The Push for at Least 25% Outside Shareholding

The Indian authorities are in the process of pushing listed companies to have atleast 25% shareholding with outside shareholders. I wrote a column in the Financial Express, titled Outside shareholding and market liquidity: Indian empirical regularities where I look at how size and outside shareholding come together to matter for stock market liquidity.

. . . → Read More: The Push for at Least 25% Outside Shareholding

The Rise of Private Sector Education Service Producers in India

In India, in the fields of health and education, an impressive rise of a private ecosystem has come about. In these fields, the State has tried hard to get back in the game, particularly after the UPA won power in 2004. But the unwillingness of the State to undertake deeper reforms has meant that . . . → Read More: The Rise of Private Sector Education Service Producers in India

The Animal That Is Competition

The Red Queen among Organizations: How Competitiveness Evolves. By William P. Barnett. Princeton University Press, 2008. 296 pages. $29.95.

There are several pillars to free market economics. Among these are private ownership of property, price regulation though market action and competition among firms for profit. Given the centrality of competition, one would expect many . . . → Read More: The Animal That Is Competition