Mises Interviews, Episode 1, Mr. Sanjay Garg

Mises India Institute is starting a new program viz., Mises Interviews. In this program we will air interviews of those people who are promoting the ideas of Austrian Economics, Freedom and Peace in India. In the first episode of Mises Interviews we talk with Mr. Sanjay Garg, who is a Loksabha candidate of Swarna Bharat […]

How to Resolve the Kashmir Conflict?

A recent militant suicide attack on a convoy of CRPF (Central Reserve Police Force) in Pulwama, Kashmir has jolted India. Total 44 CRPF soldiers died in this attack. This is one of the deadliest attacks on Indian armed forces in the history of Kashmir insurgency. Majority of the Indians, who are now very nationalistic, are […]

The Maternity Benefit Boondoggle

In March 2017, the Modi government amended the Maternity Benefit Act to increase paid maternity leave from 12 to 26 weeks for all women employees in establishments employing ten or more people. At that time we wrote that the end result of this scheme will be more unemployment for women employees. Instead of getting any […]

Are the Prices of Petrol and Diesel Determined by the Market Forces In India?

The Indian government has supposedly deregulated the determination of prices of petroleum products like petrol and diesel in India. Every time prices of these two products go up, the government plays this card of deregulation to answer the critiques e.g., recently the Modi government reduced the excise duty on petrol and diesel by 1.5 rupees […]

Rafale Deal and Corruption

The Modi government is embroiled in an alleged corruption case of  Rafale Jet deal with the French government. Opposition parties are now gunning for the resignation of prime minster Narendra Modi. They have accused him of personally influencing and altering the deal, which was originally put in place by the former UPA government, to benefit […]

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 […]