The next Federal Reserve chair will inherit an institution that, by any historical measure, is deeply fractured internally and lacks credibility externally. By strengthening the Fed’s analytical framework and establishing a "balance-sheet theory," Kevin Warsh can oversee the institution's return to excellence.
Mohamed A. El-Erian
A new GDP base year lifts some numbers, trims others — but leaves a harder question: where is India’s growth really coming from?
BasisPoint Insight
A bunker play about nuclear powers on Friday. A real war by Saturday. From Tehran to Tata Sons, from GDP rebasing to bank frauds, the scarcest currency right now is trust.
Phynix
US Navy
Trump claims Iran’s Supreme Leader Ayatollah Ali Khamenei was killed in a US-Israel operation, vowing sustained strikes as Tehran confirms his death and regional tensions threaten to spiral.
iStock.com
The Finance Minister’s warning on mis-selling signals overdue consumer concern. Durable reform will require possible FSDC involvement, incentives, supervision and culture across financial regulators to change and harmonise synergies together.
Srinath Sridharan
The IDFC First Bank fraud exposes how formal controls collapse under pressure, revealing the dangerous gap between risk frameworks and institutional reality.
Anupam Sonal
An RBI rule has turned a chairmanship extension into a deeper contest over control, stewardship and the future architecture of India’s most influential conglomerate.
R. Gurumurthy
tata.com
Floating exchange rates were meant to absorb shocks. This essay shows how, in emerging economies, they have often magnified crises instead.
Michael Debabrata Patra
In a real-time, AI-driven financial system, operational risk is no longer peripheral. It is fast becoming a co-pillar of systemic stability.
Rubio soothed Europe with familiar stories. Carney stripped them away. Two speeches, one anxious West, and what the gap means for India.
Neutral is no longer a pause before easing. February’s minutes recast it as a strategy, with April’s data reset pivotal.
BasisPoint Groupthink
Poonam Gupta/LinkedIn
India’s private sector growth accelerated in February, even as a widening trade deficit, rising unemployment, and renewed FDI outflows highlighted underlying pressures.
Datametricx
India’s new FX framework deepens global integration, but reinforces capital, reporting and exposure guardrails.
V Thiagarajan
After a Supreme Court setback, Trump imposes a temporary 10% global import surcharge, escalating trade tensions and reshaping tariff policy under alternate legal authority.
White House
The Supreme Court’s ruling dismantles key Trump-era tariffs, freeing over half of India’s US-bound exports and reshaping the future of bilateral trade negotiations.
The Supreme Court of the United States
Juvaida Khatun/Istock
India’s liquidity looks ample on paper, but thin reserve buffers and weak deposit elasticity reveal a deeper structural strain.
Kalyan Ram
RBI tightens pledge-backed takeover funding while opening bank-led acquisition loans, shifting Indian M&A toward cash-flow strength and real equity.
Krishnadevan V
Michael Patra is an economist and former RBI Deputy Governor.
Arun is a seasoned writer on economic and policy matters.
Abheek is an Independent Economist and the Former Chief Economist at HDFC Bank.
Ajay Srivastava is the founder of the Global Trade Research Initiative.
Vijay Singh Chauhan, a former IRS official, is a Senior Visiting Fellow at ICPP, Ashoka University
Dhananjay, a D-School alum, is CEO and Co-Head of Equities at Systematix Group.
Kriti is a psychologist specialising in mental health, org behaviour, and brand strategy
Srinath is an author, corporate advisor, and independent director on corporate boards.
Ex-civil servant Chavaly held key Railways, Finance roles; specialises in infra & PPPs
Nilanjan Banik, Professor at Mahindra University, specialises in trade and development economics.
Sachin was till recently an MD with Standard Chartered Bank.
Rajesh Mahapatra is the former Editor of The Press Trust of India
Krishnadevan is Editorial Director at BasisPoint Insight.
Chandra advises companies on big-picture narratives on strategy and markets.
Kalyan Ram co-founded Cogencis. He now leads BasisPoint Insight.
Gurumurthy is an ex-central banker who handled markets, and later, financial stability for RBI.
Lt Gen Syed Ata Hasnain is a former Commander of India’s Kashmir Corps.
Arvind Mayaram, former Finance Secretary, is Chairman of the Institute of Development Studies, Jaipur.