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 […]
Tag Archives: RBI
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 […]
28
Jul
Jul
As I have talked in the past, the value of Indian rupee against US dollar continues to decline. Rupee has now hit its historical low level of Rs.80 per dollar. Indians are feeling the heat of the RBI generated inflationary monster. Against this background the Indian news media have started peddling a thought that somehow […]
01
Jun
Jun
Some old fallacies never die no matter how hard we try to expose them. The fallacious notion of the virtues of inflation among some of the mainstream economists and media pundits is one such fallacy. Such fallacies are the result of a total misunderstanding of how an economy works. Mainstream economists and pundits, who rely […]
18
Sep
Sep
Recent survey said 77% of Indians want petrol and diesel to come under GST. The rationale for bringing petrol and diesel under GST goes something like this, Bringing petrol and diesel under the ambit of GST will significantly improve the cost of living for many. The price of petrol and diesel can come down to […]