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Fri, Nov 24, 2017 | Last Updated 2:42 pm IST

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Why this London based Economist has contrarian take on household finances??

Why this London based Economist has contrarian take on household finances??
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According to sources in Mumbai, Tarun Ramadorai prefers to work out of his father's apartment in Malabar Hills. In Delhi, it's usually the offices of one of the many think tanks. Most of the time, though, he is in London, at the Imperial College Business School, where he works, teaches and researches financial economics.

For the son of former TCS CEO Subramanian Ramadorai, there was enough opportunity to strike it rich in the corporate world. However, Tarun, 42, preferred the world of economics and academia. Moreover among the suggestions made by the Ramadorai committee is a proposal to link all gold transactions by jewelers to PAN cards. While that is to deal with the illegal bit, he suggests that inflation-indexed bonds are another product that can help people invests in financial instruments instead of gold, as also the need to make unsecured credit easily available.

Why this London based Economist has contrarian take on household finances??

Meanwhile a howl of protests will surely follow the suggestion to link PAN card. Ramadorai report also notes that the peculiarity of Indian household finance is the near total absence of investments in pension products and Ramadorai says the expectation is often that the next generation will take care of the elderly as is the norm in the traditional Indian joint family structure. 

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