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Home / Author / Praveen Chakravarty

Praveen Chakravarty

Praveen Chakravarty

Articles by Praveen Chakravarty

In huge capex bet, an audacity of hope

Increasing capex is a welcome directional shift in expenditure management. The debate is about the levels and the rate of such increases, and at what cost (HT PHOTO)

Updated on Feb 2, 2023 02:09 IST

A road map to fight the inflation stress

Of all the economic woes, inflation pinches people every day; hence, this is the most important economic issue to address on a war footing. (AFP)

Updated on Jul 27, 2022 13:50 IST

India must plan for economic shocks

Now with high global oil prices, a lot of India’s economic vulnerabilities of broken supply chains, fractured labour markets and insipid trade performance are threatening to flare up (REUTERS)

Updated on Apr 6, 2022 14:22 IST

Union Budget takes an audacious gamble

There was some expectation from the private sector to boost flailing personal consumption with schemes such as an urban MGNREGS. On the contrary, the government cut even the rural MGNREGS budget.

Updated on Feb 1, 2022 16:44 IST

Union Budget: Press the reset button

India’s industrial policy needs a radical departure from the failed pursuit of big manufacturing that does not produce as many jobs as they used to. Grand announcements of budget schemes without accounting for the number of jobs they create are pointless. (Sushil Kumar/HT PHOTO)

Updated on Jan 25, 2022 15:03 IST

Declare crypto will never be currency

Communicating clearly and loudly to everyone that cryptocurrencies will not be recognised as currency, or as a medium of exchange in India may be the best option to rein in the frenzy over cryptocurrencies (Shutterstock)

Updated on Nov 29, 2021 07:48 IST

Making sense of Pegasus-derived data

How did information flow from Pegasus on people’s phones to the end recipient of this information? (Shutterstock)

Updated on Aug 5, 2021 14:01 IST

The new vaccine policy needs an overhaul

Representational Image. (File photo)

Updated on Apr 21, 2021 09:04 IST

Why India’s polity has adopted the logic of Nyay

I recall a meeting in 2019 when Rahul Gandhi told some of us, “Political parties will soon have to address income inequality with a concrete plan such as a minimum income threshold”, which laid the origins for Nyay (Vivek R Nair / Hindustan Times)

Updated on Mar 26, 2021 12:24 IST

The government’s arithmetic jugglery cast a shadow over the budget’s right direction

Updated on Feb 1, 2021 17:08 IST

Vaccinating all Indians, for free

A tiny tax on stock market transactions can help fund India’s vaccination drive without burning a hole in the wallets of stock market investors and give the government headroom for other expenditure to help save lives (AFP)

Updated on Jan 25, 2021 24:38 IST

Covid-19 highlighted the ‘the tyranny of experts’

Healthcare workers collect swab samples of migrants, Thane. September 10, 2020

Updated on Jan 1, 2021 14:37 IST

The menace of social media monopolies

WhatsApp provides encrypted services to billions of users for free because its costs are borne entirely by its parent, Facebook. So, the fountainhead of “deaths by WhatsApp” in India is Facebook’s monopolistic profits

Updated on Dec 15, 2020 24:45 IST

What the Indian markets don’t tell you | Analysis

Excesses of financialisation and financial markets are a real threat to social stability and harmony, not just in India but elsewhere too

Updated on Nov 30, 2020 18:19 IST

The robustness of the US federal set-up

Detroit election workers work on counting absentee ballots for the 2020 general election, Michigan, November 4, 2020

Updated on Nov 9, 2020 14:33 IST

The myth of India’s low income tax base

The key to widening India’s income tax base is in keeping the exemption threshold unchanged over many years, not in harassing the 3% of working Indians that fall within the tax ambit

Updated on Sep 2, 2020 07:26 IST

PM Modi can learn from CM Modi| Analysis

There is consensus in industry that it is in their own interests to revive demand by putting money into people’s hands

Updated on May 20, 2020 13:56 IST

Learning to live with coronavirus, writes Praveen Chakravarty

A majority of Indians may get infected, and then recover from it. The lockdown is neither a cure, nor viable anymore

Updated on Apr 26, 2020 13:07 IST

Full lockdown or deaths: The false dichotomy

A lockdown impacts daily wage workers who must step out to work every day to feed themselves and their families. Less than a fifth of the workforce in the US, Italy and the UK are such daily wage workers. But in India, 90% of all workers are. So, the scale of the impact of a total lockdown in India is exponentially larger than in other nations.

Updated on Apr 5, 2020 11:32 IST

Covid-19 will devastate the economy. Buckle up, writes Praveen Chakravarty

The coronavirus is no longer just a Chinese problem, but a global one. India’s crisis is no longer just an economic one, but a health crisis too

Updated on Mar 18, 2020 13:07 IST

The new IT structure won’t have an impact on the majority of taxpayers

Eighty per cent of income tax filers will not be impacted by the new structure and another 15% will not see any significant savings benefits

Updated on Feb 14, 2020 13:19 IST

The budget is insipid. It won’t revive the economy | Opinion

On February 1, the finance minister stood up in Parliament to give the nation a three-hour lecture on India’s prosperity in the “Sindhu Saraswati” civilisation

Updated on Feb 1, 2020 16:49 IST

Judge the budget by its tax revenue growth figure | Opinion

Two weeks ago, India recorded its lowest nominal GDP growth in over four decades.

Updated on Jan 22, 2020 14:10 IST

The inside account of Abhijit Banerjee’s Nyay connection

Esther Duflo and Abhijit Banerjee, two of the three winners of the 2019 Nobel Prize in Economics, at Massachusetts Institute of Technology, Cambridge, Massachusetts, US, October 14, 2019

Updated on Oct 16, 2019 12:39 IST

India’s sick economy needs Nyay medication

The poorest 50 million Indian families still earn a meagre <span class='webrupee'>₹</span>6,000 a month

Updated on Aug 19, 2019 15:38 IST

The costs of Modi’s morality governance paradigm |Opinion

The purported suicide note of VG Siddhartha is a grim reminder of the devastating impact that an aggressive tax revenue targeting policy can unleash on our economy and society

Updated on Aug 3, 2019 05:09 IST

Not speaking truth to power has cost us dearly

“I thought that there are clouds, it’s raining, so there is a benefit that we can escape the radar... the cloud can benefit us too.” Prime Minister Narendra Modi, in a recent interview, revealed these backroom details of the military strikes against Pakistan

Updated on May 16, 2019 08:26 IST

Ushering in a new social contract through Minimum Income Guarantee

The minimum income proposal will not absolve the State of its core responsibilities of providing food, education and healthcare to the poor.

Updated on Mar 7, 2019 01:57 IST

The proof behind India’s rising income inequality

India is experiencing the twin shocks of high levels of income inequality and a rapidly widening pace of such inequality.

Updated on Aug 22, 2018 03:15 IST

To call demonetisation a political success is not accurate

People queue up outside the RBI in New Delhi to submit their demonetised bank notes on last day of currency exchange in New Delhi, March 31. In India’s notorious first-past-the-post system, winning an election does not necessarily reflect increased popular support.

Updated on Dec 5, 2017 12:41 IST

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