The Indian, and world economy, is entering in one of the worst phases of modern day recession right now. The warning signs of rapidly slowing Indian economy are everywhere. Auto companies are firing workers at a rapid pace and halting production. Even age old manufacturing company like Parle, which makes famous Parle-G biscuits, is firing […]
11
Aug
Aug
India’s new and first female finance minister Nirmala Sitharaman in an interview recently said , At this stage, what we are looking at is making sure that consumption is encouraged through various steps that we’re taking, actually get the money into the hands of people, rural, particularly. This whole DBT-based transfer of entitlements to those […]
27
Jul
Jul
Democracy is our present world’s political religion. India supposedly is world’s largest democracy. We are being bombarded everyday by politicians, media pundits, academicians and other intellectuals about the virtues of democracy. In his second term’s first Mann ki Baat program prime minister Modi termed democracy as a part of India’s culture and heritage while on […]
05
Jul
Jul
Chapter 2, Vol I of the Economic Survey of India 2018-19 begins with this title: Policy for Homo Sapiens, Not Homo Economicus: Leveraging the Behavioural Economics of “Nudge”. It starts with the following Sanskrit stanza: We cannot rely totally on rational thinking to gain information, as it is not without its bias. The following is […]
29
Jun
Jun
Modi government, since again coming to power with even bigger majority than in 2014, is centralizing the economy and the society at a rapid pace. It is bringing out one central plan after another one. It is trying to dictate every little thing that is going on in India. For example, apart from the flurry […]