Since long world government institutions like the IMF (International Monetary Fund) and the central bankers are pushing for an idea of a cashless economy (Agarwal et al., 2015). Harvard university Keynesian school economist like Kenneth Rogoff wrote a book on the subject The Curse of Cash! India’s popular prime minister Narendra Modi went as far […]
Tag Archives: RBI
30
Aug
Aug
Price of gold (and silver) is going up recently. The price of gold has risen from under 40,000 rupees per 10 gram to 54,000 rupees in these few months time. Internationally also price of an ounce of gold has breached historic US$2000 level. What is driving prices of gold and silver higher in India and […]
26
Aug
Aug
The Indian central bank RBI recently said that, Indian government consumption key to growth in economy amid pandemic. Indian government spending will support the economy during the pandemic, but private consumption will be needed to drive any economic recovery once the coronavirus threat eases. Is it so? Is government spending and consumption key to growth? […]
31
May
May
Mises India Institute President Dr. Madhusudan Raj was recently interviewed by Mr. Yohan Tengra of Anarchy for Freedom India to discuss the economic fallout of the Covid-19 lock down that the Indian government has imposed since last couple of months. They discussed the following topics: Economic condition of India before the lock down, The main […]
13
May
May
Amidst the ongoing Covid-19 lock down in India, yesterday the prime minister announced continuation of the lock down in its fourth phase in little less restricted mode. More importantly, he also announced an economic stimulus package worth 20 trillion rupees i.e., some 10% of India’s GDP. This package will also include already announced measures as […]