Two Arvinds, Arvind Panagaria and Arvind Subramanian, have resigned from the top economic positions in the Modi government before their terms ended. Arvind Panagaria was the vice chairman of the NITI Aayog, the former economic planning commission, and Arvind Subramanian was the chief economic advisor. They both resigned and went back to their former teaching […]
07
Jun
Jun
Finally after a gap of 4 years the Indian central bank RBI raised its interest rate – the repo rate – by mere 25 basis points to 6.25% yesterday. RBI cited a concern for rising price inflation in the form of oil price shock as a major reason for hiking the interest rate. They said, […]
05
Jun
Jun
Narendra Modi is a master of manipulation. That is the reason why he is sitting on the top of the political hierarchy in India. As F A Hayek, in Road to Serfdom, said, in the market place the best of the best rise to the top by serving their fellow consumers, but in politics the […]
22
May
May
The megastar Rajnikant recently said, according to the Constitution, majority should be proved in the assembly, the Congress-JD(S) is going to do it, and I see this as a victory for democracy. Is Rajnikant right? Is the Karnataka election drama a victory for democracy? A win of people who are allegedly to have all the […]
15
May
May
Since coming to power the Narendra Modi government, in the economy sector, was helped by one big factor i.e., the low international crude oil price. Helped because crude oil import represents top import bill for the Indian government. Being the only major source of conventional energy, without which the economy cannot work, oil is the […]