Who Is Responsible for the Bad Loans (Non-Performing Assets) Problem?

A mud-slinging exercise is going on between the former Congress and present BJP government about who is responsible for the mounting non-performing assets (bad loans) problem. Political parties, as usual, are blaming each other for this mess. Former RBI governor Dr. Raghuram Rajan implicated bankers themselves for this problem. In a note on bank non-performing […]

Should We Not Worry About the Falling Rupee?

The turmoil in the Forex market continues and with it the collapse of Indian currency rupee. The Indian currency rupee breached the level of 70 against US dollar for the first time in its entire history. And this fall isn’t finished yet. The chances of it falling further are high. In the aftermath of this […]

Breaking the Backbone of India

The Informal sector is what keeps India moving. That part of the market keeps on working and so you get your daily milk, vegetables and newspapers delivered to your doorsteps.  According to ILO, close to 81% of the Indian jobs are in this informal sector. Informal sector is the backbone India’s economy. Since coming to […]

Rising Oil Price and Weakening Rupee

Since coming to power the Narendra Modi government, in the economy sector, was helped by one big factor i.e., the low international crude oil price. Helped because crude oil import represents top import bill for the Indian government. Being the only major source of conventional energy, without which the economy cannot work, oil is the […]

Arvind Kejriwal’s Unemployment Guarantee Scheme

The Arvind Kejriwal government in New Delhi has just guaranteed unemployment for many unskilled, semi-skilled and skilled workers by passing a tough minimum wage bill recently. As newspapers reported, President Ram Nath Kovind has given his assent to the Delhi government’s Bill to amend the Minimum Wages Act under which employers violating labour rules in […]

Guns: Girl’s Defense Against Rapes

Rape attacks on girls are very common in India. It is the history of this country as evidenced by the rape of Draupadi by his own brother in laws inside the royal court! Recently many such cases were reported in North India, especially in Uttar Pradesh (the recent Unnao rape case), Haryana, Punjab and Jammu […]

Economics for Everyone Workshop (October 2018, Baroda)

Economics for Everyone flyer

We are glad to announce a 2 day workshop Economics for Everyone. It is going to be held in October 2018 at Baroda. It’s registration link will soon be open. This workshop is open for all the citizens who wish to learn sound economics so that they can understand what is happening in the Indian […]

Narendra Modi and Globalization

India’s Prime Minister Narendra Modi in his latest Davos World Economic Forum speech, which he delivered in Hindi and caused surprise and flurry in delegates who had to reach for their translation headsets quickly, defended globalization and attacked the increasing trend of protectionism around the world, especially in United States under President Donald Trump. Does […]

India is Not an Investment Haven

Decades old investment treaty with foreign governments was scrapped last year by the Modi government. The new treaty, which is offered by the Modi government to foreign investors, is having terms and conditions that give no protection to foreign investors, which is the reason why they are now reluctant to enter the Indian market: Negotiators […]

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 […]