The finance ministry’s response is lethargic, to say the least! We, citizens, know this is how the RBI is managed! Mr.Urjit Patel, the governor of the Reserve Bank of India has revealed, for the first time, we believe that the big bank scams and frauds can’t be controlled! He cites the reasons. One crucial reason…
Category: Economics
Indian mindset: a permanent state of dependency, even despondency?
How long we Indians would be under the British syndrome trap? Why don’t Indians learn to think independently? Why do we always look for outside opinion? Are we not dependent upon outside opinion to even understand ourselves? Why still the surveillance, servility of mind? What do we mean by syndrome? We mean a combination of…
Is this all to the eradication of corruption? Under the Modi government? And only this much of expertise from the NIIT? Yes, this is a very timely book no doubt. It gets a collection of articles written by almost by all members who work at the NITI, the body that replaced the old Planning Commission…
There is much room for optimism!
Economic growth slows down? No, not at all! See, the World Bank’s projection for the next year! The very next day after the Prime Minister met the economists, came the World Bank projection of 7.3% for 2018 and 7.5 % in the next two years. You see the economists these days have become more timid,…
The bureaucratic jungle that is New Delhi!
Who doesn’t know the Indian psychology? Every Indian citizens, not necessarily, the ordinary citizens but only those who are government servants or already in the charmed circle of IAS or IPS officers, the IFS lost its old glory and other services are on the whole a disgruntled lot. Why? It is because the very ways…
Economic policy making in a democratic society
You see that a democratic government is one that is supposed to be a guardian of citizen rights, right? In the current context, how far the citizens cutting across all class barriers feel about their rights and well-being safeguarded by the elected government? Then, also, how do the citizens come to know about what is…
A case for Capitalism!
Capitalism is good and needed for faster economic growth! Unbridled avarice and greed bad! Capitalism as an economic growth engine! Corruption under Capitalism can be fought, as proved in South Korea and Brazil where elected Presidents were impeached and removed! Actually Indian politics needs to be sensitised over how to tackle the corruption that is…
India’s economic growth to accelerate to 7.4%?
There is much optimism on India’s economic future Fine! Then what are the Prime Minister’s priorities to reach out the poor? The Prime Minister, after the flush of victories in UP and other states, has now come to the theme that he would reach out to the poor. Wonderful! But are his new priorities to…