Since long world government institutions like the IMF (International Monetary Fund) and the central bankers are pushing for an idea of a cashless economy (Agarwal et al., 2015). Harvard university Keynesian school economist like Kenneth Rogoff wrote a book on the subject The Curse of Cash! India’s popular prime minister Narendra Modi went as far […]
12
Oct
Oct
The next batch of reform accompanying recent farm bills by the Modi government has arrived in the form of Swamitva Yojana for the rural people. Why did I say ‘reform accompanying recent farm bills’? Because combined with those bills and looking at the intentions of this scheme, it looks like the Modi government is readying […]
04
Oct
Oct
India’s BJP government recently introduced two farm bills that has generated lot of controversy of late: 1) The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020 and 2) The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020. Opposition parties are alleging that Modi is selling out Indian farmers […]
10
Sep
Sep
I was just returning home from office and saw this warning banner (see figure 1), which my local municipality office hung on the middle of the road, saying, and I translate from local Gujarati language, You are now entering a Coronavirus infected high risk area so be careful. Any sane thinking person will immediately ask […]
03
Sep
Sep
In the aftermath of full lockdown imposed by the central government of Narendra Modi, Indian GDP has crashed by -24% in the June quarter. This is an historic event. Government’s revenues continue to plummet while their expenditures, to supposedly revive the economy, continue to sky rocket resulting in historically high record budget deficits. Government’s debt […]