A recent Presidential Ordinance legally empowered the Reserve Bank of India (RBI) to enforce expeditious resolution of non-performing assets (NPAs), aka bad loans, of Indian banks. The problem of Nonperforming Assets (NPAs) of banks has become very grave over a period of time. According to estimates Indian banks, mostly public sector banks like the SBI, […]
Author Archives: Madhusudan Raj
07
May
May
The Finance Minister of India, Mr. Arun Jaitley, who is attending ‘Asia’s Economic Outlook: Talking Trade’ in Japan right now, recently said that, Protectionism can blunt US firms’ efficiency … US firms may become sluggish if cheaper products and efficient services are cut off to them due to protectionist policies … India has so far […]
06
May
May
By Madhusudan Raj In this book review I am going to take a look at a very important book written by French sociologist Professor Jean Baechler, The Origins of Capitalism. What differentiates the Western civilization from the rest of the world is its capitalist spirit, which, sadly, started waning in the last part of the […]
30
Apr
Apr
By Madhusudan Raj Many parents in different states of India, including the state of Gujarat which is my home state, are right now agitating against private schools (sic) for higher fees (see here, here and here). Troubled about the rising cost of their children’s schooling many of these parents are asking the government to control […]