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Will Das prove he is the boss?

It was quite abrupt and newsy: the appointment of Shaktikanta Das as Governor, Reserve Bank of India. Remember his hyperactive pronouncements in the tumultuous days following demonetisation? Das was everywhere: in the news televisions, press meets and news conferences. With his suave and assured pronouncements he was the face of

The mega mergers

Finance Minister Arun Jaitley has been advocating the merger of several public-sector undertakings in different sectors to build institutions of large sizes. This plan was given shape last year merging the subsidiaries of State Bank of India with the parent bank. In the budget for 2017-18, he proposed the merger