With less than two weeks to Diwali, the Supreme Court has banned sale of fireworks in Delhi. As a consequence, traders who had the licenses to sell fireworks will no longer be able to do so. Delhi has massive problems with pollution. The question is: Would Supreme Court’s order help? The court’s order applies only […]
Author Archives: Madhusudan Raj
01
Oct
Oct
Former RBI governor Y V Reddy said that Coalition governments in India have produced better economic growth rates in the last three decades than a strong majority government… Interestingly, the highest growth in India from 1990 to 2014 was really during coalition governments… So, in a way it’s consensus based… in Indian situation, a coalition […]
19
Sep
Sep
The full impact of Narendra Modi government’s economically unsound policies of demonetization, GST as well as lose money policy of RBI in the form of lending cheap artificial credits to insolvent borrowers via commercial banks resulting in huge load of unproductive debt has started to show on the Indian economy. Finance ministry officials are now […]
11
Sep
Sep
A recent official report said that, the Indian roads became deadlier than ever in 2016, with a total of 1.51 lakh people dying in 4.81 lakh accidents…This denotes a 3% increase in fatalities over the previous year, even as the number of accidents declined by 4.1%, indicating a rise in the severity of accidents. India […]
02
Sep
Sep
The exercise of demonetizing around 87% of all circulating currency note supply taken by Narendra Modi and RBI last November has resulted into nothing but overall disaster for the economy. In his televised speech on 8th November, 2016 Narendra Modi talked about three main goals of the whole demonetization exercise, and they were: Curbing financing […]