We are approaching May 16th – the day when the 2014 general elections results will be declared. We have received the good news that the Indian Economy has become the third largest in the world...
The movement in currency – rupee is linked to the Balance of Payment Account .When there is current account appreciation, as more rupee flows come to India, and also capital account surplus. Then the excess...
Our policymakers are pushing a US-UK economic model, driven by financial markets rather than banks. But our people, like Germans and Japanese, would have none of it. At the G20 summit in April 2009 where...
Re-looking at the Indian Tragedy Just a decade ago India was being promoted as a shining light of Asia, globally. India was dubbed as economically resilient and fundamentally sound by an army of Indian economic...
The economic crisis in the country is largely associated with the fiscal and current account deficits. The fiscal deficit is primarily a domestic economic issue while the CAD is intertwined with international developments. The fiscal...
Portugal’s highest court has rejected lay-off bill aimed at phasing out surplus public sector workers by reducing pay and then laying them off. This was the court’s second ruling against cuts needed to secure bailout...
Every family in India with school-age children was shaken up recently by the tragedy that struck Bihar. 22 children in the village of Dharmasati Gandaman died from organophosphate insecticide poisoning after consuming a state-sponsored mid-day...
The biggest lender in debt-stricken Greece, the National Bank NGB, has announced that it raised the necessary amount of private capital to avoid nationalization. It secured even more money than required by law. The National...
Unemployment in France has hit a level last seen in 1998 as Europe’s second-biggest economy remained stuck in recession. President Francois Hollande has vowed to reverse the rise, but the worst seems yet to come....
Global companies, like Apple, have a plethora of possibilities to avoid paying taxes. Mostly, they use loopholes created by lawmakers. Now, these tax dodging schemes are coming under scrutiny. The Senate governmental affairs subcommittee in...
Reduction in poverty has been the major goal of developmental planning in India since independence and has been the prime focus of the Indian government through all the five year plans, beginning in 1951. But...
“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who...
