These days, we often come across the term ‘Modinomics’ in the mass media. Recently, after the Seoul Peace Prize to Prime Minister Modi was announced, the spokesperson of the Ministry of External Affairs Mr. Raveesh Kumar tweeted by saying that Modi received the award for his contribution to high economicRead More →
Prime Minister Modi won Seoul Peace Prize 2018. He will be receiving this award for his contribution to high economic growth in India and world through ‘Modinomics’. In this neo-liberal era awards have their own meanings and purposes and let’s not be too concerned about them. However, what we mustRead More →
Economics touches every aspect of our lives, yet most of us pay scant attention to it. Paul A. Samuelson, the Nobel laureate and author of the most well-known book on economics, declared, “I don’t care who writes a nation’s laws, if I can write its economics textbooks”. Economics, being theRead More →
Those were the days when I was living in the famous temple town, Bhadrachalam. I was an undergraduate student in the local government degree college. I was an active member (a Swayamsevak) of the Rashtriya Swayamsevak Sangh (RSS) and would attend Shakha wearing Khaki Knickers on an almost daily basis.Read More →
Credit card cum personal loan sales pitch is ubiquitous these days. You almost invariably have to face it when you visit a shopping mall or sign in to your mail box or answer your phone. Many of us wonder why banks try hard to persuade us to apply for oneRead More →
After the pro-rich neo liberalism emerged triumphant, people who are at the helm of affairs appear to be obsessed with only one thing – that is ‘ease of doing business’. Every year the World Bank releases the ease of doing business index, in which it ranks countries on the basisRead More →
Even while half of the humanity survives on meager earnings and probably going hungry to bed night after night leading their destitute lives laboriously in the most squalid conditions, a handful of people, who are blessed with an over-abundance, lead ultra-luxurious lives disregarding the pain and suffering of their fellowRead More →
It is a fact universally known that Indians are very crazy about, or rather greedy for gold. Indian women are so fond of the yellow metal that they even keep pestering their husbands to buy more of it. This infatuation with gold resulted in India being the top most importersRead More →
I’m a salaried employee working for a private sector company located in Hyderabad. I and my wife lead a thrifty life, saving some money for the future of our two children. I save on my taxes through tax planning. It was on November 8th 2016 at 9 pm, while inRead More →
Joseph Eugene Stiglitz, the Nobel Prize-winning American economist, in his recently published book, “The Price of Inequality: How Today’s Divided Society Endangers Our Future” observed that any nation, if it wants its development to sustain in the long run, must achieve a harmonious development of all its four capital stocksRead More →