Ajay Shah @ajay_shah Twitter profile

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Ajay Shah

@ajay_shah

3 years

"In service of the republic: The art and science of economic policy" by Vijay Kelkar and I made it into Bloomberg's"The best books of 2020", recommended by N. Narayana Murthy. List: , book: @PenguinIndia @Infosys_nmurthy

Best Books 2020: Top Picks from Business and Finance Leaders

Our annual list of what the most powerful people in business read this year

www.bloomberg.com

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Ajay Shah

@ajay_shah

7 months

In 1989, everyone understood that `the Soviet model' does not work. The big updation of 2023: we have similarly understood that `the China model' does not work. Episode 16 of `Everything is everything' by Amit Varma and me, "The China model is broken",

The China Model is Broken | Episode 16 | Everything is Everything

The Soviet Union functioned under the delusion that you don't need freedom of any sort to grow as a society. The China model functions under the delusion tha...

www.youtube.com

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Ajay Shah

@ajay_shah

5 months

The knowledge society involves three pillars. We make knowledge. We diffuse knowledge. We participate in improving the world. All three pillars are broken. Episode 24 of Everything is Everything, @amitvarma and me,

Fixing the Knowledge Society | Episode 24 | Everything is Everything

Our universities are broken. The academy is a circlejerk. Our intellectuals have failed us. To nurture a Knowledge Society, we need to rethink how we make kn...

www.youtube.com

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Ajay Shah

@ajay_shah

5 months

The difference between reality and fiction is that fiction has to make sense. Perhaps you will like seven true stories that ought to be movies. Perhaps you will like the sound of the Fat frogs of Tatsinskaya. Episode 23 of EiE, by @amitvarma and me.

Seven Stories That Should Be Films | Episode 23 | Everything is...

The nonviolent resistance of a supposedly warrior tribe. The fat frogs who played a pivotal role in World War 2. The fierce will of a child widow who remakes...

www.youtube.com

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Ajay Shah

@ajay_shah

9 months

Amit Varma and I on the story of India: the deep past, 1869-1913, 1914-1947, 1947-1962, the terrible period 1962-1977, the gains from 1977 and then 1991-2011. Each of these is distinctive and interesting, and all this helps us understand our world today.

Why Freedom Matters | Episode 10 | Everything is Everything

Humanity progresses when people are free. India still hasn't learnt that lesson. Welcome to Episode 10 of Everything is Everything, a weekly podcast hosted b...

www.youtube.com

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Ajay Shah

@ajay_shah

7 months

Episode 15 of `Everything is everything', @amitvarma and I talk about C R Rao, P C Mahalanobis, ISI, @JuliaHub_Inc , Viral Shah, Sourish Das, Rajeeva Karandikar, excellence in Indian research, and stories with the intuition of sound statistical thinking.

Math Is Better Than the Brigadier's Girlfriend | Episode 15 |...

One of the giants of 20th century statistics died a few weeks ago. He was Indian. His name was CR Rao, and he was the finest product of the Bengal Renaissanc...

www.youtube.com

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Ajay Shah

@ajay_shah

2 years

Akshay Jaitly and I have a column in the Business Standard today, "Root cause analysis for the electricity crisis",

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Ajay Shah

@ajay_shah

7 months

The Indian food system is fundamentally broken. And the way out requires understanding the price system. Amit Varma and I talk about this in Episode 18 of `Everything is everything',

What's Wrong With Indian Agriculture? | Episode 18 | Everything is...

India's farmers are suffering. Indian agriculture has been in crisis since we gained Independence. Why? What can we do about it?Welcome to Episode 18 of Ever...

www.youtube.com

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Ajay Shah

@ajay_shah

6 months

Three remarkable stories of firms, Episode 22 of Everything is Everything by @amitvarma and me,

Three Great Leaps by Firms | Episode 22 | Everything is Everything

Firms tend to grow, and even innovate, along predictable paths. But sometimes a firm does something truly audacious, involving a leap of imagination that see...

www.youtube.com

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Ajay Shah

@ajay_shah

2 years

Review of "The Rise of the BJP: The Making of the World's Largest Political Party" by @byadavbjp and @IlaPatnaik , by Ajay Shah,

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Ajay Shah

@ajay_shah

3 months

Episode 32 of Everything is Everything by @amitvarma and me. Unix, Insights into the technology that you breathe every day, its back story, the principles + philosophy that worked so well, and a gentle user level introduction.

The UNIX Episode | Episode 32 | Everything is Everything

Unix is the backbone of the world's technology. It is also a way of living that can help us discover purpose and beauty.Welcome to Episode 32 of Everything i...

www.youtube.com

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Ajay Shah

@ajay_shah

6 months

The Kelkar and Shah book, please be sure to read the 2nd edition paperback (2022), it's much better than the 1st edition hardback (2019).

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Ajay Shah

@ajay_shah

4 months

@amitvarma has a dream: to build a web series about the economic policy transformation of India out of the oppression of the 1960s. Rousing stories, psychological drama, and the fate of the world was on the line. Episode 28 of EiE,

The Reformers | Episode 28 | Everything is Everything

India did not become completely free in 1947. For decades after that, a group of people worked behind the scenes to reform our oppressive state and expand ou...

www.youtube.com

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Ajay Shah

@ajay_shah

7 years

My column in the Business Standard today, "What ails the economy?",

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Ajay Shah

@ajay_shah

2 years

"In service of the republic: The art and science of economic policy", by Kelkar and Shah, has revved. The 2nd edition, Revised and Updated, is out.

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Ajay Shah

@ajay_shah

5 months

The toolkit of public policy: When should the state intervene into human society? What about implementation failure? Hard won tools, easily added into your armoury. Ep 26 of EiE by @amitvarma and me,

When Should the State Act? | Episode 26 | Everything is Everything

What is the duty of the state? It's limited. When should it intervene? Only at specific times. In this episode, we lays out a framework for looking at this q...

www.youtube.com

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Ajay Shah

@ajay_shah

2 years

My column in the Business Standard today, "Does infrastructure now generate growth?",

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Ajay Shah

@ajay_shah

2 years

My column in the Business Standard today, "Worry about middle India",

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Ajay Shah

@ajay_shah

4 years

My column in the BS today, "Economic freedom in agriculture",

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Ajay Shah

@ajay_shah

3 years

Announcements: Position for researchers in public finance and public procurement,

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Ajay Shah

@ajay_shah

8 months

Culture is everything that we learn to do. We choose components, we innovate, we mix influences. This makes our food, language, architecture... Episode 12, Everything is Everything, @amitvarma and me, is out: "Nothing is Indian! Everything is Indian!".

Nothing is Indian! Everything is Indian! | Episode 12 | Everything is...

Most of what we think of as quintessentially Indian originated elsewhere. So what? Culture is a khichdi -- and that's delightful! Welcome to Episode 12 of Ev...

www.youtube.com

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Ajay Shah

@ajay_shah

4 years

At 6pm today, Vijay Kelkar and I will be discussing our new book 'In Service of the Republic: The art and science of economic policy' to be released by @NKSingh_MP @ccoi_1947 . Join us for discussion, Q&A and book signing. #InServiceOfTheRepublic @PenguinIndia @pujamehra

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Ajay Shah

@ajay_shah

5 months

Vaccines are things done by governments to kids? No, vaccines are a first class component of your health-seeking behaviour. Flex your market failure muscles: positive externality, public good, 0/1 decisions. Episode 27 of EeE by @amitvarma and me,

We Love Vaccines! We Love Freedom! | Episode 27 | Everything is...

Vaccines are a modern miracle. Individual freedom is a value we shoud cherish. We love both!Welcome to Episode 27 of Everything is Everything, a weekly podca...

www.youtube.com

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Ajay Shah

@ajay_shah

4 years

In Service of the Republic: The Art and Science of Economic Policy, by Vijay Kelkar and Ajay Shah: In Service of…

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Ajay Shah

@ajay_shah

14 days

There is a great deal of old wisdom in public finance, which helps us understand taxation of wealth and inheritance. My column in the Business Standard of 28 April draws on this knowledge:

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Ajay Shah

@ajay_shah

4 years

Announcements: Positions for Legal Researchers The Finance Research Group, Mumbai is an inter-disciplinary group…

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Ajay Shah

@ajay_shah

6 months

Working 70 hours a week? There are 3 distinct pictures, from the viewpoint of an individual, an organisation and a country. My column in the Business Standard from Monday:

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Ajay Shah

@ajay_shah

8 years

Surgical strike on old Rs.500,1000 notes

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Ajay Shah

@ajay_shah

4 years

Panel discussion on #InServiceOfTheRepublic with @pujamehra @shekhargupta Dr. Shubhasis Gangopadhyay and Mr. Rajiv Lall at Constitution Club of India. Please attend.

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Ajay Shah

@ajay_shah

5 years

The Indian bankruptcy reform: The state of the art, 2018: by Ajay Shah and Susan Thomas. In 2016 and 2017, we…

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Ajay Shah

@ajay_shah

7 years

Is Aadhaar grounded in adequate law and regulations?

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Ajay Shah

@ajay_shah

8 years

My column in the Business Standard today about the adverse monetary shock upon the economy:

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Ajay Shah

@ajay_shah

8 months

All summer long we've seen `the ukrainian counteroffensive', where not a lot of land has changed hands. In Ep14 of `Everything is everything', Amit Varma and I look under the hood, and try to obtain a strategic sense about how this is playing out.

The State of the Ukraine War | Episode 14 | Everything is Everything

How is the Ukraine counteroffensive going? Some are disappointed at not seeing the tactical blows they expected -- but Ukraine might just be playing a positi...

www.youtube.com

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Ajay Shah

@ajay_shah

6 months

"Population or population density hinders the development project". "State coercion to reduce childbirth is wise" "Having a child is a statement of hope". Episode 20 of EiE, by Amit Varma and me,

Our Population Is Our Greatest Asset | Episode 20 | Everything is...

We've been taught for generations that India's biggest problem is its population. This is a lie. Our population is our greatest strength. People are brains, ...

www.youtube.com

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Ajay Shah

@ajay_shah

6 months

Cricket! An arena of strategy, probabilistic reasoning, speculation and principal-agent problems. Episode 19 of `Everything is everything' by Amit Varma and me,

How to Think About Cricket (and Life) | Episode 19 | Everything is...

To truly understand cricket, or life for that matter, we need to learn from poker. We need to understand the concept of Expected Value. We also need to learn...

www.youtube.com

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Ajay Shah

@ajay_shah

7 years

What does the tax data tell us about the state of the economy?

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Ajay Shah

@ajay_shah

2 years

My column in the BS today, "Rethinking the startup economy",

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Ajay Shah

@ajay_shah

8 months

One of the biggest looming threats that India faces is the impact of climate change upon monsoon patterns. My column in the @bsindia last monday was "Preparing for a changing monsoon",

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Ajay Shah

@ajay_shah

6 years

Bank recapitalisation: The myth around growth capital: by Rajeswari Sengupta and Anjali Sharma. Bank credit to the…

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Ajay Shah

@ajay_shah

9 months

"Why gig work matters" by @maitreesh and me, in the Business Standard on Monday,

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Ajay Shah

@ajay_shah

3 years

"What year in the history of an advanced economy is like India today?" by Ananya Goyal, Renuka Sane and Ajay Shah.

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Ajay Shah

@ajay_shah

8 months

Every year is getting shorter, never seem to find the time. In Episode 11 of Everything is Everything, @amitvarma and I think birds eye and worms eye about how better to not drown.

The Greatest Productivity Mantra: Kaator Re Bhaaji! | Episode 11 |...

The road from desire to action is long & painful. How can we make it a smooth journey? Welcome to Episode 11 of Everything is Everything, a weekly podcast ho...

www.youtube.com

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Ajay Shah

@ajay_shah

4 years

Paper by Anirudh, Ila, Shubho and me.

Ila Patnaik

@IlaPatnaik

4 years

FM announced that government will bring in a central act to remove barriers to interstate and intrastate barriers to farm produce. Read about how this can be done at:

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Ajay Shah

@ajay_shah

6 years

An annotated reading list on the Indian bankruptcy reform, 2018: by Rajeswari Sengupta and Anjali Sharma. The…

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Ajay Shah

@ajay_shah

11 months

My column in the Business Standard today, "LLM impact for India",

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Ajay Shah

@ajay_shah

7 years

The Demonetisation Decision: Event, Impact, Narrative and Meaning

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Ajay Shah

@ajay_shah

4 years

A gap has opened up between the performance of listed and unlisted companies: by Ajay Shah. The performance of…

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Ajay Shah

@ajay_shah

2 years

My column in the Business Standard today, "How damaging is freezing central bank assets?",

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Ajay Shah

@ajay_shah

7 years

My column in the Business Standard today, "Three page notes considered harmful",

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Ajay Shah

@ajay_shah

4 years

My column in the Business Standard today, "Gearing up for peak Covid-19",

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Ajay Shah

@ajay_shah

7 years

Legal questions about demonetisation: What happens to the assets that back extinguished…

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Ajay Shah

@ajay_shah

4 years

My column in the BS today, "More securitisation will help",

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Ajay Shah

@ajay_shah

4 years

Covid-19 in India in the coming months: The puzzles faced by leaders of health care organisations: by Ajay Shah…

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Ajay Shah

@ajay_shah

3 years

"Analysing India's KYC Framework: Can We Do Things Better?" by Rishab Bailey, Trishee Goyal, Renuka Sane, and Ridhi Varma.

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Ajay Shah

@ajay_shah

9 years

The new FDI policy: Well begun is not half done

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Ajay Shah

@ajay_shah

3 years

Harleen Kaur, Siddhartha Srivastava and I have a new paper, "How elements of the Indian state buy drugs". This is at the intersection of the fields of government contracting & drug quality.

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Ajay Shah

@ajay_shah

6 months

q: From first principles, figure out what a government should do on the airline industry. Arguments based on power play or populism are not permitted. a:

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Ajay Shah

@ajay_shah

2 years

A new paper, "The lowest hanging fruit on the coconut tree: India’s climate transition through the price system in the power sector" by Akshay Jaitly and I,

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Ajay Shah

@ajay_shah

7 years

My column in the BS today, "Should we recapitalise the banks?",

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Ajay Shah

@ajay_shah

3 years

"Winning the war through vaccines" by Amrita Agarwal and Ajay Shah, in the Business Standard today,

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Ajay Shah

@ajay_shah

9 months

"Doing better than a competitive examination" by @acorn Nitin Pai and Ajay Shah, in the Business Standard yesterday, we question the present structures around the IIT JEE,

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Ajay Shah

@ajay_shah

7 years

My column in the Business Standard today, "On what horizons will the de-monetisation shock play out?",

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Ajay Shah

@ajay_shah

3 years

"An analysis of the SEBI WhatsApp Orders: Some observations on regulation-making and adjudication" by Rajat Asthana and Renuka Sane and S. Vivek,

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Ajay Shah

@ajay_shah

6 years

Law Economics Policy Conference (LEPC), 2017: Last year we initiated LEPC-1, a novel unification of law, economics…

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Ajay Shah

@ajay_shah

2 years

Emerging Markets Conference, 2021, is 13-15 December,

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Ajay Shah

@ajay_shah

3 years

My column in the Business Standard today, "Crypto currencies and conventional currencies will both evolve",

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Ajay Shah

@ajay_shah

4 years

Thomas Laubach: by Ila Patnaik and Ajay Shah. Our dear friend, Thomas Laubach, died in the US, yesterday. Thomas…

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Ajay Shah

@ajay_shah

6 years

My column in the Business Standard today, "Measuring the drama in the economy",

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Ajay Shah

@ajay_shah

2 years

My column in the Business Standard today, "Stopping the inflation",

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Ajay Shah

@ajay_shah

3 years

The Emerging markets conference has come together, over the years, as an annual institution. The 2020 conference () is 14-18 December, in the evening IST every day. To attend, get in touch with shyna.adhiya @gmail .com

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Ajay Shah

@ajay_shah

7 years

My column in the Business Standard today, `A great churning',

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Ajay Shah

@ajay_shah

2 months

My column in the Business Standard @bsindia yesterday, "The evenings are hard", on the challenge faced by electricity grid managers in India.

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Ajay Shah

@ajay_shah

3 years

"Instant cross-border payments vs. current account inconvertibility" by Ajay Shah and Bhargavi Zaveri-Shah,

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Ajay Shah

@ajay_shah

7 years

Universal basic income in India: An idea whose time has not come

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Ajay Shah

@ajay_shah

7 years

My column in the Business Standard today, "Beware of premature load bearing", I worry about GST and bankruptcy.

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Ajay Shah

@ajay_shah

3 years

"Incentive compatibility and state-level regulation in Indian drug quality" by Harleen Kaur, Shubho Roy, Ajay Shah and Siddhartha Srivastava,

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Ajay Shah

@ajay_shah

4 years

Pricing education: An example from Uttar Pradesh: by Bhuvana Anand and Shubho Roy. School shutdowns across the…

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Ajay Shah

@ajay_shah

2 years

My column in the Business Standard today, "The NPS challenge",

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Ajay Shah

@ajay_shah

3 years

My column in the Business Standard today, "How might the lab leak hypothesis matter?",

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Ajay Shah

@ajay_shah

3 years

My column in the Business Standard today, "Goods exports from India: Some of the gloom is unjustified",

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Ajay Shah

@ajay_shah

7 years

Vijay Kelkar and I, in the Mint today, on six battlegrounds on corruption:

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Ajay Shah

@ajay_shah

7 years

My column in the Business Standard today, "How to make digital payments work":

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Ajay Shah

@ajay_shah

6 years

Interesting readings: Consequences of GDP over-estimation by Ajay Shah in Business Standard, May 28, 2018. How…

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Ajay Shah

@ajay_shah

2 months

"Three grand challenges of the Indian energy transition" by @AkshayJaitly2 and me, in the @bsindia last Monday.

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Ajay Shah

@ajay_shah

7 years

Flat buyers under IBC: Creditors or consumers?: by Pratik Datta. The Indian bankruptcy regime is developing very…

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Ajay Shah

@ajay_shah

3 years

"An important change of course by policy in Indian Covid-19 vaccination" by Amrita Agarwal and Ajay Shah,

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Ajay Shah

@ajay_shah

7 years

What happens to private airlines when Air India is privatised?: by Ajay Shah. What's the impact of privatising Air…

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Ajay Shah

@ajay_shah

7 years

My column in the Business Standard today, "Firms are fearful as uncertainty has gone up",

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Ajay Shah

@ajay_shah

7 years

My column in the Business Standard today, "Principles to guide bank bailouts",

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Ajay Shah

@ajay_shah

7 years

My column in the Business Standard today on policy approaches for the coming year, "Strategy for 2017",

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Ajay Shah

@ajay_shah

7 years

High satire by Surjit Bhalla today in the IE --

No proof required: Case for an inter-meeting rate hike

A ‘rate hike in time is just fine’ is a wise RBI saying. With CPI inflation at near-historic lows, this must mean, according to the RBI law of mean reversion, that the future will bring high inflat...

indianexpress.com

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Ajay Shah

@ajay_shah

2 years

My column in the BS today, "How to regulate cryptocurrency",

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Ajay Shah

@ajay_shah

8 years

Trumping black money

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Ajay Shah

@ajay_shah

3 months

My column in @bsindia from Monday, "Are financial markets over-optimistic?".

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Ajay Shah

@ajay_shah

2 years

Akshay Jaitly and I have a column in the Business Standard today, "Gainers and losers from decarbonisation",

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Ajay Shah

@ajay_shah

4 years

Vijay Kelkar and I wrote "The Epidemic of 2020: Setting course for a V-shaped recovery" in the BS today. This is :

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Ajay Shah

@ajay_shah

2 months

A new paper "The electricity chokepoint in Tamil Nadu public finance" by Charmi Mehta, Radhika Pandey, Renuka Sane, me. @chaar_mee @Radhikaskp @resanering Novel in public finance, novel in electricity, novel in Tamil Nadu.

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Ajay Shah

@ajay_shah

3 years

My column in the Business Standard today, on the Budget announcements of yesterday,

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Ajay Shah

@ajay_shah

2 years

My column in the Business Standard today, " Central control of health care",

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Ajay Shah

@ajay_shah

7 years

Problematic terms in the demonetisation debate

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