A headline from Yahoo Finance article reads, Notes From the WEF: Cash Is Dead, Long Live Digital Cash. Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead. “Physical money is out,” said B.S. Kohli, an economic advisor to the head of the Indian state of Punjab. Mothanna Gharaibeh, […]
20
Aug
Aug
Several of us had gone to visit a top Indian bureaucrat. While we entered his room and stood, he kept looking at his cell phone with his glasses reflecting his Facebook page. It took him a while to lift his face and recognize us. He perhaps thought we would be impressed by how loaded with […]
14
Jul
Jul
After the Portuguese introduced the otherwise unassuming fruit called tomato to India, Indian cuisine became dependent on it. You take any Indian recipe and tomato will be an integral part of it. Indians are the second largest producers of tomato in the world. In the past month or so the prices of tomato across India […]
09
Jun
Jun
Recently RBI released the inflation numbers and they don’t look good for the Modi government which is getting ready for elections in 2024. Retail inflation hit a high of 7.8 percent in April while wholesale inflation crossed 15% mark. This high level of price inflation coupled with so many other economic, social, religious etc., issues […]
02
Jun
Jun
In 2016 the Indian government abruptly banned the use of 500 and 1000 rupees notes to curb (as initially told to people by the then finance minister Arun Jaitley) corruption, black money, counterfeit currency, and to combat terrorism. Within a month’s time everyone including the government knew demonetization failed to achieve its stated objectives so […]