Will imposing import duties on foreign electronic products boost ‘make in India’ campaign?

  Recently the government of India raised import duty on electronic items including cellphones and TVs to allegedly boost its Swadeshi campaign of Make in India as well as government revenues (sic). Let us analyze this protectionist policy of government using sound economic laws and see if it is capable of achieving its stated goals. […]

Supreme Court wants to Regulate the Legal Profession

Last Tuesday the supreme court of India expressing concern over growing commercialization of the legal profession with lawyers demanding “astronomical” fees from litigants, which made it difficult for the poor to access justice, the Supreme Court asked the Centre on Tuesday to bring a law to regulate the field and to prescribe “floor and ceiling […]

Neutral net?

The Telecom Regulatory Authority of India (TRAI) recently came out in support of the concept of net neutrality or open internet. It said that it opposed any “discriminatory treatment” of data, including blocking, slowing or offering preferential speeds or treatment to any content. Should the net be neutral in that the internet service providers are […]

Your Money in Bank is not Safe!

If Narendra Modi and Arun Jaitley get their way then when next time some bank will fail in India they will be legally allowed to confiscate all your hard earned saving, that you have deposited in that bank in the form of savings or term deposit accounts etc., to rescue themselves. Because doing so will […]

Employee Provident Fund Organization of India is Near Bankruptcy

The Employee Provident Fund Organization of India (EPFO) is warning of its bankruptcy over the issue of increased outflow by the pensioners! The newspapers are reporting that, The Employees’ Provident Fund Organisation (EPFO) may find it impossible to resist attempts by subscribers to inflate their pension entitlements to levels far beyond its capacity to provide […]

Moody’s and Modi

Moodys

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

No 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 […]

(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 […]

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 […]