Trade deficits hit $111 billion in November 2022 – up by 135%
Import barriers are self-inflicted wounds which is not only disabling the fourth growth engine – exports – but also increasing forex outflows
The Fiscal Challenges of the Realization of Workers’ Rights: Do They Exist?
For the past 36 years, banks' pensions have not been upgraded. No social security, like universal basic income, is considered. The vast majority of unorganised sector workers (94%) do not have access to provident...
When less than 4% of Indian dollar millionaires pay income tax
In FY18, the last year for which disaggregated income tax data is available, only 29,002 ITRs declared income above Rs 5 crore, while Credit Suisse said India had 7.25 lakh dollar millionaires (the wealth...
20ची टोळी – एक चित्रकथा
प्रकाशन का नाम: 20ची टोळी – एक चित्रकथा रचनाकार: ऑरिजित सेन, समर्थ, सोनल रघुवंशी मराठी अनुवाद: अनिल आठलेकर प्रकाशन: ऑक्टोबर 2022 उपलब्ध भाषा: अंग्रेजी, हिंदी, मराठी, बंगाली उपलब्ध स्वरूप: प्रिंट, Epub, PDF *हेन्रिच बॉल...
No escape from the lower-middle income trap, at least not yet
A 17% credit growth in the first quarter of November 2022 means little since personal loans continue to dominate over loans to industry, particularly large industry. In September 2022, the CFA explained how India’s...
PM-Kisan: Who and how many are getting income support of Rs 6,000?
Surely, the Center doesn’t know; had that not been the case, it wouldn’t be giving multiple sets of data, all of which contradict each other. One true “master stroke” that helped the Modi government...
Recession – What India should do?
Contrary to the claims of the Finance Minister, India is in recession. Even the RBI agrees. Inequality is on the rise. From jobless growth, we are in 'job loss' growth. Study after study confirms...
The State of Finance in India Report 2021-22
The State of Finance in India report is a first of its kind that expands the domain of finance and economics beyond the confines of ivory tower experts.
नोटेबंदी पर RBI की भविष्यवाणी कैसे हुई सच? | हमारा पैसा हमारा हिसाब
नोटबंदी की बात करने से केंद्र सरकार हमेशा कतराती रही है। लेकिन पिछले हफ्ते जब सुप्रीम कोर्ट ने नोटबंदी के खिलाफ याचिका पर सुनवाई शुरू की तो उन्हें मजबूर होना पड़ा। केंद्र सरकार ने...
What RBI told Modi about demonetisation and how it turned out to be true | THE MONEY TRAIL
The Union Government has always shied away from talking about demonetisation. But last week they were forced to, as the Supreme Court is hearing the petition against demonetisation. The Union Government in its affidavit...
While the RBI was sleeping…
Nearly a month after Maruti Suzuki chairman RC Bhargava raised a stink by saying that people’s ability to buy small cars has eroded and would continue to decline next year and national dailies reported...
Why are Public Sector Banks performing better?
The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All these banks showed good profits in the financial year 2021-22. Twelve PSBs made a net profit...
The biggest hurdle in facing the recession is the Govt’s lack of political will
“In my entire career as a public servant I haven't witnessed the extraction of public wealth for private profit on the scale that we see today”, said Jawhar Sircar, Rajya Sabha member, Trinamool Congress,...
Government in Denial of Economic Recession; The Repercussions will be Unprecedented: Conference on Finance
“The government had borrowed money from the IMF during the pandemic and yet did not spend it in order to keep the fiscal deficit in control! This internalisation of keeping the fiscal deficit under...
EWS Quota: Can targeting 90% of Indians be called reservation, affirmative action or positive discrimination?
Until now, reservation was prompted by the perennial caste-based discrimination system, which has pushed a significant population into multiple deprivations; upper castes suffer no such handicap.
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