Employee Provident Fund Organization of India is Near Bankruptcy

The Employee Provident Fund Organization of India (EPFO) is warning of its bankruptcy over the issue of increased outflow by the pensioners! The newspapers are reporting that, The Employees’ Provident Fund Organisation (EPFO) may find it impossible to resist attempts by subscribers to inflate their pension entitlements to levels far beyond its capacity to provide […]

Moody’s and Modi

Moodys

US based bond credit rating agency Moody’s upgraded Indian government’s bond rating from Baa3 to Baa2. This is one level up from their lowest rating grade. They have changed their outlook of the Indian economy from positive to stable with this upgrade. Modi government ministers and its supporters are terming this upgrade as an endorsement […]

Pollution and Property Rights

The capital of India New Delhi is once again engulfed in toxic smog. The usual blame games by politicians have begun about the cause of this pollution. The Delhi chief minister Arvind Kejriwal is blaming the burning of crops in the adjacent states of Haryana and Punjab for this pollution. Other major causes cited by […]

Societies without the State

No State

Can we humans organize our societies without the help of the State aka government? is the question people ask me whenever I talk about free markets or a free society without a presence of the State. Few go as far as saying that without the State life itself will become impossible! Some of the questions […]

Financial Corruption isn’t the Real Problem

Those hoping to clean up our institutions imagine conducting sting operations, with hidden cameras, to catch the culprits in action. There is nothing wrong with such investigations. Governments should be afraid of the citizens. However, it is erroneous to think that the removal of bribery would solve the problems and defects of our institutions. Survival […]