Moody’s and Modi

US based bond credit rating agency Moody’s upgraded Indian government’s bond rating from Baa3 to Baa2. This is one level up from their lowest rating grade. They have changed their outlook of the Indian economy from positive to stable with this upgrade. Modi government ministers and its supporters are terming this upgrade as an endorsement […]

Pollution and Property Rights

The capital of India New Delhi is once again engulfed in toxic smog. The usual blame games by politicians have begun about the cause of this pollution. The Delhi chief minister Arvind Kejriwal is blaming the burning of crops in the adjacent states of Haryana and Punjab for this pollution. Other major causes cited by […]

Societies without the State

Can we humans organize our societies without the help of the State aka government? is the question people ask me whenever I talk about free markets or a free society without a presence of the State. Few go as far as saying that without the State life itself will become impossible! Some of the questions […]

Financial Corruption isn’t the Real Problem

Those hoping to clean up our institutions imagine conducting sting operations, with hidden cameras, to catch the culprits in action. There is nothing wrong with such investigations. Governments should be afraid of the citizens. However, it is erroneous to think that the removal of bribery would solve the problems and defects of our institutions. Survival […]

(BOOK REVIEW) GDP: A Brief but Affectionate History

GDP: A Brief but Affectionate History by Diane Coyle (Revised and Updated Edition 2014, Princeton University Press, pp. 167 ) Diane Coyle’s little book GDP: A Brief but Affectionate History tells a very mainstream history of the statistics of GDP (Gross Domestic Product) in brief 145 pages. The book is divided into six chapters not […]

2.11 lakh crore for PSU Banks to Boost Lending

The finance minister of India Mr. Arun Jaitley announced a bailout package of 2.11 lakh crore (US$ 2.11 Trillion) for the public sector banks of India yesterday saying that this will boost their lending activities, which is right now under pressure because of their huge non-performing assets (default loans). The logic behind boosting lending of […]

India to Grow at 10% per year for 10 Years?

Morgan Stanley (MS), an international financial institution, has come out with a report on India claiming that India was already on a path to growth, but the country’s drive towards digitization may put it on track to be the world’s fastest-growing economy over the next decade. MS’s study makes the claims primarily on two initiatives: […]

Strange Nationalism of India: No Interest in the Fellow Citizen

India ranks 100th in hunger, below North Korea, Bangladesh, Nepal and Myanmar. The GDP of India on per capita basis (2016: US$1,709) is lower than that of Africa. At least 50% of Indians do not have access to toilets. Officially 35% cannot read or write—the reality of literacy and employability is much worse. 240 million […]

Is Sex with an underage wife Rape?

The Supreme Court of India on Wednesday ruled that a man is committing rape if he engages in sexual intercourse with his wife who is aged between 15 and 18. How logically sound this Supreme Court ruling is? To know the answer of this question we must first understand what ‘rape’ is. An online dictionary […]