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 […]
Tag Archives: RBI
21
May
May
The latest issue of the Economist magazine (figure 1) discusses the coming digital currencies of the governments. It talks about how these currencies are risky but a risk worth taking and how they will transform finance as we know it today. Let’s see what risk we all are taking when governments are going to impose […]
22
Apr
Apr
The German sociologist Franz Oppenheimer in his discussion of the political institution of the State divided the society in two classes. In his own words, There are two fundamentally opposed means whereby man, requiring sustenance, is impelled to obtain the necessary means for satisfying his desires. These are work and robbery, one’s own labor and […]
25
Mar
Mar
Many people ask me about what possibly can happen if Indian central bank RBI is abolished or it collapses under its own weight? The following write-up is a brief reply to such important questions. We in the Liberty camp, who talk about doing away with the statist central planning institutions like the central bank, have […]
19
Dec
Dec
The Indian finance minister Ms. Nirmala Sitharaman while addressing the annual general meeting of the Indian Chamber of Commerce (ICC) said that, While in early 2020 green shoots and revival signs of the economy were visible, it was upset with the pandemic setting in. the government has taken several of measures to support the economy […]