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Basispoint Insight
@basispointinsight.bsky.social
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Thought-provoking insights on the #economy & #markets | Deep research, actionable analysis.
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Basispoint Insight @basispointinsight.bsky.social · 23m
2/2 Should we really be outraged that an Indian financial institution stepped in to stabilise a major domestic conglomerate at a moment of market stress?

Where does financial pragmatism end and crony capitalism begin?

Read TK Arun's column for BasisPoint 👇

#PoliticalEconomy #CorporateGovernance
BasisPointInsight.com - Why This Outrage over LIC Investing in Adani? by TK Arun
Probe the allegations of government-Adani nexus in airport privatisation bids, but why oppose the company getting support from the country’s financial institutions when it was vital. by TK Arun, Basis...
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Basispoint Insight @basispointinsight.bsky.social · 23m
1/2 Any outrage over depicting Adani as a fair damsel in distress is perfectly understandable, but is the presumed stink over the relationship between the government and big business as real as it is construed to be?

#LIC #AdaniGroup #StateCapitalism #IndiaEconomy #PublicInvestment #MarketPolicy
BasisPointInsight.com - Why This Outrage over LIC Investing in Adani? by TK Arun
Probe the allegations of government-Adani nexus in airport privatisation bids, but why oppose the company getting support from the country’s financial institutions when it was vital. by TK Arun, Basis...
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Basispoint Insight @basispointinsight.bsky.social · 1h
4/4 He speaks of optimism as a policy stance, humour as a coping mechanism, and communication as the new frontier of monetary credibility.

He calls it a “balance on the razor’s edge between helplessness and efficacy”, a description that captures both the burden and beauty of central banking.

Read👇
BasisPointInsight.com - Calm Hands Steer India Through Policy Storms by Kalyan Ram
Dr. Michael Patra’s new book reveals the inner theatre of India’s central banking—from crisis firefighting to quiet reforms. by Kalyan Ram, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1h
3/4 In this wide-ranging conversation, Dr Patra opens up about the moral calculus of policymaking, the rescue of India’s mutual fund industry over a single weekend, and the unseen human cost of decisions taken in the fog of uncertainty.

#IndiaEconomy #TestimonialsofTumultuousTimes #routledge
BasisPointInsight.com - Calm Hands Steer India Through Policy Storms by Kalyan Ram
Dr. Michael Patra’s new book reveals the inner theatre of India’s central banking—from crisis firefighting to quiet reforms. by Kalyan Ram, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1h
2/4 Over four decades at the Reserve Bank of India, he witnessed the institution’s transformation from a cloistered craft to a communicative public body, balancing science with judgment and stoicism with empathy.

#BasisPointInsight #CentralBanking #MonetaryPolicy #RBI #MichaelPatra #EconomicPolicy
BasisPointInsight.com - Calm Hands Steer India Through Policy Storms by Kalyan Ram
Dr. Michael Patra’s new book reveals the inner theatre of India’s central banking—from crisis firefighting to quiet reforms. by Kalyan Ram, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1h
1/4 Calm Hands Steer India Through Policy Storms

Dr Michael Patra in conversation with BasisPoint

Few policymakers have lived through as many crises and shaped as many quiet recoveries as Dr Michael Debabrata Patra.
BasisPointInsight.com - Calm Hands Steer India Through Policy Storms by Kalyan Ram
Dr. Michael Patra’s new book reveals the inner theatre of India’s central banking—from crisis firefighting to quiet reforms. by Kalyan Ram, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1d
3/3 🔹Can lower taxes really sustain higher revenues in the long run?
🔹Is India’s fiscal mindset shifting from revenue maximisation to growth maximisation?
🔹Could this be the quietest tax reform success in years?

Read Nilanjan Banik’s column for BasisPoint: Lower Taxes, Higher Trust 👇
BasisPointInsight.com - Lower Taxes, Higher Trust by Nilanjan Banik
GST rationalisation is quietly reshaping India’s fiscal philosophy, from taxing more to trusting more. by Nilanjan Banik, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1d
2/3 September’s ₹1.89 trillion collection came after rate cuts. That’s the Laffer Curve at work — and a signal that India’s tax system is maturing from coercion to compliance, from taxing more to trusting more.
BasisPointInsight.com - Lower Taxes, Higher Trust by Nilanjan Banik
GST rationalisation is quietly reshaping India’s fiscal philosophy, from taxing more to trusting more. by Nilanjan Banik, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1d
1/3 India’s GST rationalisation may be doing more than simplifying rates, it’s rewriting the country’s fiscal philosophy.

#FiscalReform #GST #IndiaEconomy #PublicFinance #TaxTrust #EconomicPolicy #GrowthAndGovernance #ReformEconomics
BasisPointInsight.com - Lower Taxes, Higher Trust by Nilanjan Banik
GST rationalisation is quietly reshaping India’s fiscal philosophy, from taxing more to trusting more. by Nilanjan Banik, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1d
4/4 Read Babuji K’s Briefing for BasisPoint:
Why RBI’s ECL Mandate Puts Banks on a New Prudential Frontier 👇

BasisPoint Briefing — Explainers from seasoned practitioners for readers who want more than the basics.
BasisPointInsight.com - Why RBI’s ECL Mandate Puts Banks on a New Prudential Frontier by Babuji K
The new expected credit loss framework signals a shift in RBI’s supervisory philosophy, from reactive cleanup to forward-looking prudential control. by Babuji K, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1d
3/4 Questions to ponder:
🔹Will smaller banks struggle to meet the data and modelling demands of ECL?
🔹Can this framework truly prevent boom-bust credit cycles in India?
🔹Is the RBI signalling the start of “prudential intelligence” — supervision driven by data, not discretion?
BasisPointInsight.com - Why RBI’s ECL Mandate Puts Banks on a New Prudential Frontier by Babuji K
The new expected credit loss framework signals a shift in RBI’s supervisory philosophy, from reactive cleanup to forward-looking prudential control. by Babuji K, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1d
2/4 By 2027, every Indian bank must move from the old “incurred loss” model to a forward-looking regime that provisions for potential defaults before they occur.

#RiskGovernance #RegulatoryShift
BasisPointInsight.com - Why RBI’s ECL Mandate Puts Banks on a New Prudential Frontier by Babuji K
The new expected credit loss framework signals a shift in RBI’s supervisory philosophy, from reactive cleanup to forward-looking prudential control. by Babuji K, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 1d
1/4 When prudence becomes prediction.

The RBI’s new ECL framework marks India’s biggest prudential shift in two decades, turning banks from reactive clean-up crews into predictive risk managers.

#RBI #PrudentialSupervision #ExpectedCreditLoss #FinancialStability #IndiaBanking
BasisPointInsight.com - Why RBI’s ECL Mandate Puts Banks on a New Prudential Frontier by Babuji K
The new expected credit loss framework signals a shift in RBI’s supervisory philosophy, from reactive cleanup to forward-looking prudential control. by Babuji K, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
3/3 🔹And in a world drowning in “luxury,” can meaning still be your moat?

Read and comment on Kirti Tarang Pande’s column for BasisPoint: Why Piyush Pandey’s Identity Ladder Works and Why Luxury Brands Fail 👇
BasisPointInsight.com - Why Piyush Pandey’s Identity Ladder Works and Why Luxury Brands Fail  by Kirti Tarang Pande
Customers don’t buy your product; they buy a better version of themselves. Purpose, not price, makes a product truly aspirational. by Kirti Tarang Pande, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
2/3 When purpose fades, price can’t hold attention. That’s Emotional Inflation — when everything looks premium, but nothing feels personal.

🔹So, what are you really selling — a product, or a transformation?
🔹When did your brand last make someone feel something?
BasisPointInsight.com - Why Piyush Pandey’s Identity Ladder Works and Why Luxury Brands Fail  by Kirti Tarang Pande
Customers don’t buy your product; they buy a better version of themselves. Purpose, not price, makes a product truly aspirational. by Kirti Tarang Pande, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
1/3 Cadbury didn’t sell chocolate. It sold joy, belonging, and the right to feel free.

Luxury brands, meanwhile, keep selling perfection — but perfection doesn’t connect.

#BrandIdentity #LuxuryBrands #PiyushPandey #MarketingInnovation #BrandStrategy #IdentityLadder
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Basispoint Insight @basispointinsight.bsky.social · 2d
4/4 🔹And can regulatory tweaks ever substitute for timely monetary action?

Comment on Barendra Kumar Bhoi’s analysis for BasisPoint: RBI Sitting on 100 bps of Policy Space 👇
BasisPointInsight.com - RBI Sitting on 100 bps of Policy Space by Barendra Kumar Bhoi
If inflation stays near 2.5% and growth around 6.7%, the Taylor rule implies nearly 100 basis points of policy space for the RBI to cut rates. by Barendra Kumar Bhoi, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
3/4 With inflation projections repeatedly overshooting and borrowing costs rising for consumers, investors, and the government alike, the question now is whether caution is costing growth.

🔹Should the RBI act before the policy window closes?
🔹Is India overpaying for its inflation stability?
BasisPointInsight.com - RBI Sitting on 100 bps of Policy Space by Barendra Kumar Bhoi
If inflation stays near 2.5% and growth around 6.7%, the Taylor rule implies nearly 100 basis points of policy space for the RBI to cut rates. by Barendra Kumar Bhoi, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
2/4 Yet, the Monetary Policy Committee continues to hold at 5.5%, keeping real interest rates high and credit growth sluggish.

#PolicySpace #FinancialStability #CreditGrowth
BasisPointInsight.com - RBI Sitting on 100 bps of Policy Space by Barendra Kumar Bhoi
If inflation stays near 2.5% and growth around 6.7%, the Taylor rule implies nearly 100 basis points of policy space for the RBI to cut rates. by Barendra Kumar Bhoi, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
1/4 India’s inflation has cooled faster than the RBI anticipated, falling to around 2.5% even as growth holds near 6.7%. That combination gives the central bank nearly 100 basis points of policy space for rate cuts under the Taylor rule.

#MonetaryPolicy #CentralBank #IndiaEconomy #InterestRates
BasisPointInsight.com - RBI Sitting on 100 bps of Policy Space by Barendra Kumar Bhoi
If inflation stays near 2.5% and growth around 6.7%, the Taylor rule implies nearly 100 basis points of policy space for the RBI to cut rates. by Barendra Kumar Bhoi, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
2/2 🔹Is SEBI’s discretion starting to overshadow its deterrence?
🔹Can investor faith survive when settlements seem lighter than the misconduct?
🔹Should the pursuit of regulatory speed come at the cost of transparency and trust?

Share your comments on Indra Chourasia’s analysis for BasisPoint 👇
BasisPointInsight.com - When SEBI’s Discretion Overshadows Deterrence and Investor Trust by Indra Chourasia
SEBI’s settlement framework, designed for swift justice, risks eroding market faith as discretion eclipses discernment and leniency replaces deterrence. by Indra Chourasia, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
1/2 When Enforcement Looks Negotiable, Trust Becomes the Casualty

SEBI’s settlement framework was meant to deliver swift justice, but growing discretion now risks diluting deterrence.

#RegulatoryOversight #InvestorProtection #SEBI #CorporateGovernance #IndiaMarkets #MarketIntegrity
BasisPointInsight.com - When SEBI’s Discretion Overshadows Deterrence and Investor Trust by Indra Chourasia
SEBI’s settlement framework, designed for swift justice, risks eroding market faith as discretion eclipses discernment and leniency replaces deterrence. by Indra Chourasia, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
(4/4)
Behind both strategies lies Bihar’s old constant — caste arithmetic.
Every ticket, a calculation.
Every face, a signal.
The verdict will decide not just who governs —
but whether Bihar chooses memory or momentum.
#BiharElections2025 | via @basispointinsight.bsky.social
BasisPointInsight.com - Bihar Election 2025: NDA Banks on Experience, RJD Bets on Change by Amitabh Tiwari
BJP-JDU is backing experience and RJD betting on change, as caste dynamics drive ticket distribution across key social groups in Bihar elections. by Amitabh Tiwari, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
(3/4)
Meanwhile, BJP–JDU have kept 74–80% of incumbents, banking on governance and delivery to outweigh fatigue.
For them, experience is the message.
For RJD, renewal is the gamble.
BasisPointInsight.com - Bihar Election 2025: NDA Banks on Experience, RJD Bets on Change by Amitabh Tiwari
BJP-JDU is backing experience and RJD betting on change, as caste dynamics drive ticket distribution across key social groups in Bihar elections. by Amitabh Tiwari, BasisPointInsight.com
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Basispoint Insight @basispointinsight.bsky.social · 2d
RJD has dropped 44% of its sitting MLAs, the sharpest shake-up in Bihar politics.
A recent VoteVibe survey showed 53% of voters wouldn’t re-elect their current MLA.
That number forced a rethink — new faces, new energy, new hope.
BasisPointInsight.com - Bihar Election 2025: NDA Banks on Experience, RJD Bets on Change by Amitabh Tiwari
BJP-JDU is backing experience and RJD betting on change, as caste dynamics drive ticket distribution across key social groups in Bihar elections. by Amitabh Tiwari, BasisPointInsight.com
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