India’s Border Problems

India has border disputes with Pakistan, Bangladesh, China, Nepal, Bhutan, and Myanmar. Are India’s neighbours particularly unfriendly? Is India necessarily so honest that we must trust the map that the Indian government provides us? In reality, any line on the world-map—depending on the scale of the map and the kind of the pen used—represents a […]

The Real Lesson of 2G Scam Verdict

So after a decade the verdict of the CBI court for the very famous 2G scam, which was in a way responsible for the demise of the UPA government, came out yesterday. And it was a dud! The court acquitted all the accused, including two main ones D Raja and Kanimozhi, saying there is no […]

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. […]

The Realities of “Make in India”

  Until a couple of decades back, Indian politicians were restricted to using only Indian cars, the now extinct Ambassador or Premier Padmini. The cars of the President and the Prime Minister, however, except for the facade, contained engines and other mechanisms imported from Germany, etc. Both companies have since gone the way of the […]

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 […]

Can India avoid becoming the next Pakistan?

Pakistan faces two major external foes. One is India, whose economy is eight-times larger, and hence has a much higher capacity to finance the military. The other external foe is the existence of Afghanistan, a chaotic bunch of tribes that is a country only on the map. In trying to tame it, the USSR faced […]

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 […]