Indian businesses, especially the so-called ‘too big to fail’ ones, are drowning in debt and are failing one after another. Here is a list of few of these businesses: First, the IL&FS default and insolvency. Also, DHLF, another giant housing finance company, is also near default. Second, Baba Ramdev’s Patanjali is struggling hard with slower […]
Category Archives: Commentary
24
May
May
Immediately after winning his reelection bid with yet another thumping majority, on the back of surgical strikes across the LoC, the prime minister of India Narendra Modi made three vows to the people of India. They are, My first vow is that I will not do anything out of ill-will or bad intentions, I could […]
21
Apr
Apr
The Indian Parliamentary election for the next five years is on. The present Indian prime minister Narendra Modi is battling hard for his reelection. All opposition parties are united against his government to combat the kind of polarization that Modi and Shah (BJP national president) are spreading in India with the support of their ideological […]
25
Mar
Mar
The main opposition party of India, Indian National Congress, has announced a new scheme, NYAY (Nyuntam Aay Yojana), as a political promise to the poor people of India. According to the announcement from the Congress party president Rahul Gandhi, this minimum income guarantee scheme will assure a payment of Rs. 72,000 a year for India’s […]
12
Mar
Mar
The former governor of RBI and the chief economist of IMF Dr. Raghuram Rajan recently told BBC that, I think capitalism is under serious threat because it’s stopped providing for the many, and when that happens, the many revolt against capitalism. He said governments cannot afford to ignore social inequality when considering the economy. Is […]