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 […]
Category Archives: Commentary
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 […]
16
Feb
Feb
A recent militant suicide attack on a convoy of CRPF (Central Reserve Police Force) in Pulwama, Kashmir has jolted India. Total 44 CRPF soldiers died in this attack. This is one of the deadliest attacks on Indian armed forces in the history of Kashmir insurgency. Majority of the Indians, who are now very nationalistic, are […]
10
Dec
Dec
As I opined in my previous article, the RBI governor Dr. Urjit Patel has today resigned finally after a long tussle with the Narendra Modi government. As I discussed earlier, Modi government is under intense pressure to boost the growth and employment figures in the run-up of its reelection next year. The only way in […]
17
Nov
Nov
In March 2017, the Modi government amended the Maternity Benefit Act to increase paid maternity leave from 12 to 26 weeks for all women employees in establishments employing ten or more people. At that time we wrote that the end result of this scheme will be more unemployment for women employees. Instead of getting any […]