After the sweeping election win of Narendra Modi and his Hindu nationalist BJP party four years ago, there is a barrage of misleading propaganda coming from Modi and his government about the so-called glorious past of India and the sacred Hindu culture. Hindu fundamentalist forces (sic), under the tutelage of Modi and his government, are […]
Author Archives: Madhusudan Raj
06
Jul
Jul
The Indian rupee is known to be the worst performing currency in the South Asia region. Continuing its worst performance it fell to its all time historic low level of 69 rupees against 1 US dollar few days back and again today. Why is rupee falling against dollar? The fundamental reason is its demand and […]
27
Jun
Jun
Last year the government of India passed a bill extending maternity benefit leave from 12 weeks to 26 weeks for the pregnant women with lot of fan-fare. The objective of this law was to protect the employment of women during the time of pregnancy and entitles them to full paid absence from work to take […]
21
Jun
Jun
Two Arvinds, Arvind Panagaria and Arvind Subramanian, have resigned from the top economic positions in the Modi government before their terms ended. Arvind Panagaria was the vice chairman of the NITI Aayog, the former economic planning commission, and Arvind Subramanian was the chief economic advisor. They both resigned and went back to their former teaching […]
07
Jun
Jun
Finally after a gap of 4 years the Indian central bank RBI raised its interest rate – the repo rate – by mere 25 basis points to 6.25% yesterday. RBI cited a concern for rising price inflation in the form of oil price shock as a major reason for hiking the interest rate. They said, […]