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160. A Capital Budget (with Narayan Ramachandran and Pranay Kotasthane)
Budget 2022
Speakers
Historically, the country’s annual budget exercise has been a major event and spectacle in the annual economic calendar. There was a time when the post budget analysis by people like Nani Palkhiwala used to draw audiences in droves. Off late with the dropping of the railway budget, and the introduction of the GST, the annual budget is increasingly becoming just another important day in the announcements made by the government. This year there were expectations of a populist budget in view of upcoming state elections but that did not happen. We have a budget focused on growing capital investments and infrastructure.
To discuss this and more on this episode of BIC Talks we have Narayan Ramachandran, social entrepreneur, columnist and emerging market investor. in conversation with Pranay Kotasthane, deputy director of Takshashila Institution where he teaches public policy, international relations, and public finance at Takshashila’s graduate and post-graduate programmes.
Speakers
Narayan Ramchandran
Narayan Ramchandran is father of two girls, husband of writer, social entrepreneur, columnist and emerging market investor in that order. He worked on Wall Street (mostly at Morgan Stanley) for over 20 years, most recently as head of global emerging market investing and then country head of Morgan Stanley in India.
Pranay Kotasthane
Pranay Kotasthane is deputy director of the Takshashila Institution. Pranay’s current research includes high tech geopolitics and the politics of radically networked societies. Pranay teaches public policy, international relations, and public finance at Takshashila’s graduate and post-graduate programmes.
Pranay co-writes Anticipating the Unintended, a newsletter on public policy ideas and frameworks and co-hosts Puliyabaazi, a popular Hindi-Urdu podcast on politics and policy and technology. He has co-edited India’s Marathon: Reshaping the Post-Pandemic World Order.
A concept he wants to popularise is societism — the idea that the society, like markets and States, has a distinct role in any human community. Pranay has contributed opinion pieces and essays in several Hindi and English outlets.
Pranay started his public policy career at the Takshashila Institution in March 2014. He is an alumnus of the fifth cohort of Takshashila’s Graduate Course in Public Policy (GCPP). He was conferred with the Gomtibai Govindji Award for the best student of his batch.
Pranay graduated from the National Institute of Technology Karnataka, Surathkal, with a B.Tech degree in Electronics and Communication. He had stints with two Fortune 500 companies working on integrated circuit design for mobile processors after that.
