https://www-ft-com.ezphost.dur.ac.uk/content/7ebec65b-79fb-4366-8d55-bc817c8606ac Martin Wolf, a well-respected economist’s Address to the conference in New Delhi at the National Council of Applied Economic Research and the Consumer Unity and Trust Society was reproduced in its pages as an Op-Ed piece by the UK Financial Times (click on link above). He predicted India would face severe challenges and grave obstacles in the pathContinue reading “It’s about time India learns to look at Democracy as scarce political resource, not so much as governance mechanics”
Category Archives: india economics
THE HINDU grants generous editorial space to “Princeton Professor. Mody” to make Tom Thumb seem like Godzilla!
I am not convinced this Editorial published in today’s The Hindu is any great macro-economic insight. It is however very timely of course. It is a stern reminder to the banking sector of course on prudent lending norms and practices. More importantly, it is a a timely and cautionary warning to households and families (lowerContinue reading “THE HINDU grants generous editorial space to “Princeton Professor. Mody” to make Tom Thumb seem like Godzilla!”
Why India transferred its Gold reserves kept in UK Central Bank vaults since 1991 back to its domestic vaults?
To think of a possible and simple explanation for the question, you have to first quickly read this article of the famous American economist, Paul Krugman: https://finance.yahoo.com/news/remember-u-doesn-t-pay-204354371.htmlhttps://finance.yahoo.com/news/remember-u-doesn-t-pay-204354371.html ….. “Most historical examples of debt crises took place in countries that borrowed in another country’s currency”… says Paul Krugman. What a diabolically ingenious way indeed to defendContinue reading “Why India transferred its Gold reserves kept in UK Central Bank vaults since 1991 back to its domestic vaults?”
After “rajasuya” and “vajapeya yagnya” in this decade, will India witness “Ashwamedha yagnya” also in the next ?
https://indianexpress.com/article/opinion/columns/india-superpower-gdp-growth-9316934/lite/ Bibek Debroy, the economist who has served in India’s apex economic think-tank Niti Aayog, may not get nominated for the Nobel Prize in economics, but “the way he weaves economic facts with our Puranas and Niti Shastras makes very interesting reading”, said a friend of mine with whom I had shared the above articleContinue reading “After “rajasuya” and “vajapeya yagnya” in this decade, will India witness “Ashwamedha yagnya” also in the next ?”
Indian Taxation: a War of Attrition between David and Goliath since the era of Nicolas Kaldar to Thomas Piketty’s
My very respected and learned email friend (Former) Justice Sri T.N.C Rangarajan, ( https://tshc.gov.in/retjudges/tncrj.htmlhttps://tshc.gov.in/retjudges/tncrj.html ) distinguished expert on Indian Taxation Laws and I only yesterday were corresponding with each other on the ongoing national debate triggered by one of the most controversial promises made in the 2024 election manifesto of the Congress Party — “incomeContinue reading “Indian Taxation: a War of Attrition between David and Goliath since the era of Nicolas Kaldar to Thomas Piketty’s”
To hell with population-size based Delimitation of electoral constituencies in India!
The Infograph above is an eye-opener for me. What is so striking to me about it is that Maharashtra’s number exceeds the numbers of TN + Gujarat combined and, yes, TN+ Karnataka too combined ! Also , the number for Greater Andhra (pre-partitioning) exceeds the number for Uttar Pradesh. But what this info-graph does toContinue reading “To hell with population-size based Delimitation of electoral constituencies in India!”
THE HINDU RATE OF GROWTH
https://www.thehindu.com/business/Economy/india-is-dangerously-close-to-hindu-rate-of-growth-says-raghuram-rajan/article66583585.ece The Hindu 5 Mar 2023 It always made me wonder why the phrase “Hindu Rate of Growth” doesn’t hurt the sensibilities of the Hindu majority of India … What is Raghuram Rajan suggesting really? Is India’s GDP created only by the Hindus? Do the other religious groups contribute less or more ? Why doContinue reading “THE HINDU RATE OF GROWTH”
In defence of Nobel Prize for Ben Bernanke: Party-pooping in hindsight is unfair!
Both in the stratospherically cerebral worlds of economists and central-bankers as well as in the worldwide social-media (Twitter , WhatsApp and Private email-groups), there’s a lot of trolling, snide Monday-morning quarter-backing and bitchy-sniping going on about Ben Bernanke being awarded the Nobel Prize for Economics, 2022. Below are 2 examples – one in social mediaContinue reading “In defence of Nobel Prize for Ben Bernanke: Party-pooping in hindsight is unfair!”
Casino bingo-machines of the rich, made by the rich for the rich— Fluff, Frippery and Flimflam
For over 40 years now I’ve been a stock-market investor ever since I became an income-earner in life from the age of 25. And I have prided myself on being a prudent and honest investor, quite happy with the returns gained and with the nest-egg I’ve built for myself and my spouse in the sunsetContinue reading “Casino bingo-machines of the rich, made by the rich for the rich— Fluff, Frippery and Flimflam”
So unlike Nehru… so much like E. F. Schumacher and Mahatma Gandhi…
Many years ago in 1976, I think, when I was an undergraduate student at Loyola College pursuing a B.Com. Degree, I remember I read a book called “Small is Beautiful” by E. F. Schumacher . At that time when I was a callow student, I didn’t believe at all that Schumacher’s views on the modelsContinue reading “So unlike Nehru… so much like E. F. Schumacher and Mahatma Gandhi…”