The Indian government has supposedly deregulated the determination of prices of petroleum products like petrol and diesel in India. Every time prices of these two products go up, the government plays this card of deregulation to answer the critiques e.g., recently the Modi government reduced the excise duty on petrol and diesel by 1.5 rupees […]
Tag Archives: Modi
02
Oct
Oct
IL&FS insolvency is rocking the Indian stock markets right now. The situation is so grim that the Modi government has now “nationalized” the company! They have bailed out a private limited company by using public money. The news is coming out that, as usual, LIC and state bank of India (SBI) are being coerced by […]
29
Jul
Jul
After the sweeping election win of Narendra Modi and his Hindu nationalist BJP party four years ago, there is a barrage of misleading propaganda coming from Modi and his government about the so-called glorious past of India and the sacred Hindu culture. Hindu fundamentalist forces (sic), under the tutelage of Modi and his government, are […]
21
Jun
Jun
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 […]
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 […]