As I have talked in the past, the value of Indian rupee against US dollar continues to decline. Rupee has now hit its historical low level of Rs.80 per dollar. Indians are feeling the heat of the RBI generated inflationary monster. Against this background the Indian news media have started peddling a thought that somehow […]
Category Archives: Analysis
16
Jun
Jun
Prime minister Narendra Modi’s economic advisory panel has published a report called The State of Inequality in India. This report is prepared by the Institute for Competitiveness. This ironically named institute from Gurgaon has noticed the skewed income distribution of India and suggested the following government’s size enhancing measures, the Government should launch a guaranteed […]
01
Jun
Jun
Some old fallacies never die no matter how hard we try to expose them. The fallacious notion of the virtues of inflation among some of the mainstream economists and media pundits is one such fallacy. Such fallacies are the result of a total misunderstanding of how an economy works. Mainstream economists and pundits, who rely […]
30
Mar
Mar
Karnataka high court has upheld the government’s orders on the ban on wearing hijab (headscarf) by Muslim girls in school/college etc., places. In its verdict the high court said, India’s Karnataka state has ruled that the hijab is not “essential” to Islam. The three-judge bench held that allowing Muslim women to wear the hijab in […]
27
Feb
Feb
Some recent headlines re the entry of Elon Musk’s electric car company Tesla in India read something like the following, American car manufacturer, Tesla, is in serious negotiations with the Indian government over its entry into India. India is a very large market and all levels of purchases (high-end, mid-range and entry-level) are significant. However, […]