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...

Read more January 11, 2023 at 5:04 pm Thomas Franco

Reserve Bank of India – Clueless, Careless and Heartless

RBI is the regulator and supervisor of the monetary system. Its objectives are, to maintain public confidence in the system, protect depositors’ interests and provide cost-effective banking services to the public. Its roles are...

Read more December 12, 2022 at 11:30 am Thomas Franco

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...

Read more November 29, 2022 at 1:42 pm Thomas Franco

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...

Read more November 26, 2022 at 2:44 pm CFA

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...

Read more November 24, 2022 at 12:54 pm CFA

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,...

Read more November 12, 2022 at 7:10 pm CFA

महंगाई का पारा कैसे चढ़ा? क्या रिज़र्व बैंक कभी बताएगा?

मुद्रास्फीति को 6% की सीमा तोड़े 9 महीने से अधिक समय गुजर चुका है। कानून के अनुसार, आरबीआई को महंगाई को नियंत्रित न कर पाने पर अपनी विफलता पर सरकार को जवाब देना चाहिए।

Read more November 10, 2022 at 5:45 pm CFA

Why inflation blew up in our face and why RBI won’t explain the reasons to the people

It has been more than 9 months since inflation broke the 6% ceiling. As per the law, RBI is going to write to the government explaining their failure to contain it, but both parties...

Read more November 9, 2022 at 9:49 am CFA

भुखमरी की चपेट में दुनिया | हमारा पैसा हमारा हिसाब

पूरी दुनिया खाद्य संकट से जूझ रही है। अगले साल खाद्य उत्पादन में और भी कमी आने की आशंका है। यानि की खाद्य सामग्रियों की कीमतें बढ़ जाएंगी। मुक्त व्यापार पर आधारित अंतर्राष्ट्रीय संधियों...

Read more August 10, 2022 at 11:17 am CFA

GST has lived up to its nickname – Gabbar Singh Tax | The Money Trail

From a simple and cheap tax, GST has metamorphosed into a tax on everything. Nothing happened as expected since its inception.

Windfall tax on corporations goes as 5% GST on food items kicks in

In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July...

Read more July 21, 2022 at 12:26 pm Prasanna Mohanty

Lies, Despair and a Grotesque Inequality Plagues Indian Economy Today

We witnessed an infantile jubilance on the part of the government since last year about a “record recovery” from the pandemic. Finance Ministry’s report claimed that armed with necessary macro and micro growth drivers, India...

Read more July 12, 2022 at 4:56 pm Anirban Bhattacharya

Black Money, Fake Notes and Inflation – What are the Government and RBI doing?

On November 8th, 2016, Prime Minister Narendra Modi announced that Rs. 500 and Rs. 1000 currency notes would be abolished. These notes have to be surrendered to the bank branches. He said black money...

Read more June 7, 2022 at 11:25 am Thomas Franco

The Lankan Crisis: Lessons for India

While the mainstream media covers the turmoil in Sri Lanka as something that is unfolding on a day to day basis, what is lost out is the long term trajectories that have precipitated the...

क्या अब महंगाई से निपट पाना मुमकिन है ?| हमारा पैसा हमारा हिसाब

महीनों तक नकारने , दिखावा करने और बड़ी बड़ी बात करने के बाद आखिरकार सरकार को सच मानना ही पड़ा। देश एक बड़े आर्थिक संकट की और जा रहा है और महंगाई ने हमारी...