Newspaper Hindustan Times reported, ‘One Route, One Fare’ scheme launched by Govt. airline. Government-owned Alliance Air has launched the “Fare se Fursat” fixed airfare scheme, which essentially means that the fare will remain constant regardless of the time of booking. Before I write anything about the consequences of this new government “scheme” of One Route, […]
Tag Archives: India
06
Aug
Aug
The Moral Case for Reservation After more than seventy years of Independence, India is still debating how to uplift its most marginalized communities. For decades, the state’s answer has been reservations. But have they genuinely helped the state uplift the marginalized group? It is certainly true that SC/ST communities have faced historic injustices, both before […]
15
Jul
Jul
The science of economics tells us that society’s resources are scarce, and we should use them with extreme care to make sure we do not waste them. The goal of every human action is to fulfill as many needs as possible using those scarce resources. There are two major economic systems that any economy can […]
23
Jun
Jun
The Economic Times newspaper published an article entitled $2.4 Trillion Worth of Gold! India’s Household Hoard is 6x Pakistan’s Economy. Indian households hold an estimated 25,000 tons of gold worth $2.4 trillion—nearly six times Pakistan’s GDP and greater than Italy’s economy. Despite monetization challenges, high prices and strong demand keep gold central to Indian wealth. […]
09
Jun
Jun
Of late there are lots of economic falsehoods being spread around about India’s economy by the Modi government, and it’s lapdog media. The first one being India becomes the fourth-largest economy of the world, overtaking Japan, and the second is its extreme poverty rate declining to 5.3% after the World Bank raised its poverty line […]