Who is going to fall? Gautam or Narendra?
Mr Gautam Adani who become the second-richest man due to the support of Mr Narendra Damodardas Modi (See Random Reflections – Why boycott Adani) is in deep trouble. Almost every bank in the country...
Trade deficit to touch all-time high of 7% of GDP in FY23
As India prepares for the next budget, here is another critical issue it needs to focus on: The galloping trade deficit. According to the First Advance Estimate (AE1), released earlier this month, the trade...
Budget of the decade; will she remember the common people — for a change! THE MONEY TRAIL
The Money Trail Will our Finance Minister align with the common people this time? Will she accept that the economic slowdown is predominantly a demand crisis and not because corporates are not motivated enough?...
Systematically killing public sector banks: Pushing away people to money sharks
It was only after the nationalisation of 14 banks on July 19, 1969, that the banks reached the common people. The main changes that were done included a shift from class banking to mass...
‘Car economics’ to explain India’s skewed growth model
Somewhat like ‘thalinomics’ of Economic Survey of 2019-20 which measured household incomes and “dosa economics” of Raghuram Rajan in 2016 to explain inflation, ‘car economics’ explains the higher-growth-higher-inequality paradigm
India’s Biggest Ever Coal Mine Auction will Aggravate Climate Crisis; Is Against India’s Climate Pledges
The central government opening the biggest new coal mine auction, announced in November 2022, is a mockery of the Prime Minister’s own climate announcements at climate change summits, and an invitation to worsening the...
Time to press the panic button: Job loss is widespread and galloping
India has officially acknowledged that 62.5% of its population or 813.5 million people are extremely poor and need to be fed
Demonetisation, Supreme Court order and unanswered Questions
In this in-depth analysis of the entire Demonetisation process in the context of the 4:1 Supreme Court verdict delivered on January 02, 2023, points out that the extensive damages caused by the 2016 measure...
An “Amrit Kaal” which entails feeding 62.5% population with “free” food
How do you describe a nation that is the fastest-growing major economy in the world and also the fifth largest economy in the world
RBI, Artificial Intelligence, Machine Learning and MNCs – Dangerous proposal – Must be dropped
When RBI is refusing to disclose details of borrowers whose loans are written off except in the case..
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...
Primer on Wealth Inequality in India
Several overlapping crises afflict the world today – the pandemic and the health crises, an uneven economic recovery and impending recession, the climate emergency, and the question of survival of democracies and institutions with...
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...
How the Climate Summit of 2022 botched up the last chance to control global warming
Our planet is all set to reach and breach the first climate red line of 1.5 degrees Celsius warmer in the next decade. With just 8 years left before the climate disaster, the COP...
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