In 2016 the Indian government abruptly banned the use of 500 and 1000 rupees notes to curb (as initially told to people by the then finance minister Arun Jaitley) corruption, black money, counterfeit currency, and to combat terrorism. Within a month’s time everyone including the government knew demonetization failed to achieve its stated objectives so […]
Category Archives: Analysis
07
Apr
Apr
As the 2024 parliamentary election approaches the Indian political scene is heating up rapidly. The sitting prime minister Narendra Modi doesn’t want to lose election at any cost and he and his party are making all desperate attempts to defeat their political opponents by hook or crook. All institutions are subverted and being used for […]
11
Mar
Mar
The general idea of protectionism is based on a notion that somehow banning or restricting trade will benefit society or a particular industry. The Encyclopedia of Brittanica defines protectionism as a policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports […]
25
Nov
Nov
After the Indian GDP – in nominal cash terms according to exchange rate adjusted basis – overtook the UK GDP a few months back India’s prime minister Narendra Modi said, Achieving this spot is special as we have left behind those who ruled over us for 250 years. Another newspaper proclaimed, The timing couldn’t have […]
11
Sep
Sep
India’s Finance Minister Nirmala Sitharaman at the US-India Business Council’s India Ideas Summit said, Instead of inflation, red-lettered priorities for the country would of course be jobs, equitable wealth distribution and making sure India is moving on the path of growth. In this essay I am going to discuss the relationship of inflation with jobs, […]