Recently the American president Donald Trump was on his maiden visit to the Indian nation state. During his visit to New Delhi, India’s capital, the city witnessed big communal violence in which, so far, around 53 people have lost their lives. Hindu nationalist goons clashed with the Muslim mob. In these clashes, one police constable […]
Author Archives: Madhusudan Raj
21
Feb
Feb
With falling direct and indirect tax revenues (sic), the Modi government is desperate to raise more money to spend on their fiscal programs to allegedly bring the economy out of the slump which they think is caused by a fall in aggregate demand. Experts and even BJP MPs like Subramanian Swamy are calling this tax terrorism. I am going to analyze two […]
02
Feb
Feb
With the slowing GDP, the rising prices – the retail inflation rose to its highest since Modi came to power in 2014 of level of 7.35% in December – of various goods like onion, garlic, milk etc., is raising a specter of stagflation in India. Modi government is pushing RBI, which it owns, to lower […]
12
Jan
Jan
The Indian political scene, just like any other country’s political scene, is full of leaders who are good at the art of leadership of humbuggery and manipulation. Today many people in India are worrying about Narendra Modi government, just like any other past governments, as it also did not fulfill its election campaign promises. Narendra Modi […]
28
Dec
Dec
Amidst the on-going severe recession in the Indian economy, the Indian central bank RBI is trying to do something impossible. Driven by its Keynesian logic of lack of aggregate demand as the root cause of the recession, RBI is trying to boost both consumption and investment at the same time. In its recently published bi-annual […]