HOME 2019-06-24T13:20:50+00:00

CONTRACT  WITH  INDIA

…our mission is to make India great by developing and promoting policies based on the principles of limited government, free markets, individual freedom and rights, equality of justice and individual responsibility…

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IN THE PRESS

28thMay, 19

STATE-SPONSORED OR MARKET DRIVEN CAPITALISM

Mr Modi will encounter a tough economic climate in his second term. The combination of heightened expectations and a weaker global economy will act as headwinds. Plus, he can no longer deflect the blame to past leaders. A hodgepodge of government schemes, without a clear underlying philosophy, will only expand the reach of the government and exacerbate the fiscal deficit without providing the desired economic and social benefits. The window [...]

17thMay, 19

MODI HAPPENED AT THE RIGHT TIME FOR INDIAN DEMOCRACY

  Truth is not the first casualty of war alone; it is the first casualty of populism Today’s world is being increasingly shaped by charismatic leaders. In the US, Europe, and more recently in India, Indonesia, Philippines, Brazil and Turkey, we see the rise of populist leaders who claim to champion the cause of the working poor. So, what is populism? It is a political and social phenomenon that arises [...]

23rdApr, 19

INDIA’S GDP GROWTH: FACT OR FICTION

“A single lie discovered is enough to create doubt in every truth expressed.” Recently there has been much debate about the Indian economy. Surveys conducted by government agencies such as the National Sample Survey Office (NSSO) and data collected by reputed private agencies like the Centre for Monitoring the India Economy (CMIE) show a dramatic uptick in unemployment over the last four years. The NSSO survey shows that unemployment increased [...]

30thMar, 19

INDIA’S FIRST REAL ESTATE INVESTMENT TRUST (REIT)

Stable, liquid and transparent financial markets are a necessary condition for the growth of a modern economy. An economy grows by developing new products and services and incubating new ideas, and this requires capital. Financial markets (also called capital markets) provide a marketplace where savers can find those who need money for new products. These markets work efficiently only if they operate free of government controls and manipulation. Good companies [...]

5thMar, 19

CONTRADICTORY MOVES IN INTEREST RATES

There are broadly two kinds of pension plans. In defined benefit plans, the employer guarantees a fixed (defined) pension benefit to the employee upon retirement. The risk associated with investing the pension corpus is borne by the employer. In defined contribution plans, the contributions made by the employee are defined but the retirement benefits are not fixed and, instead, depend on the return generated by investing the corpus. The investment [...]

17thFeb, 19

ABOLISH THE ANGEL INVESTOR TAX

We live in the age of entrepreneurship. The vast majority of products, services and technologies we use today come from new start-ups, and over 70 per cent of global employment is attributed to these new-age entrepreneurs. It is vital for policymakers to understand how this ecosystem works and how to incentivise it to generate maximum economic growth and employment. Capital is the lifeblood of any new business. The various sources [...]

13thNov, 18

RBI’s INDEPENDENCE AT STAKE

The Ministry of Finance and the Reserve Bank of India (RBI) are engaged in a dangerous game of chicken. Game theory tells us that "winning" or playing such a game to its conclusion is not in the best interest of either player. The consequences will be devastating for the country’s shaky banking system and credit and equity markets. There are three main issues of contention between the government and the [...]

1stOct, 18

VALUE DESTRUCTION IN STATE RUN BANKS

Who pays when you make a mistake? You do. Who pays when the government makes a mistake? Yes, Still you…..Anonymous In a bizarre move the government, which controls seventy per cent of all bank assets in India through state-controlled banks, decided to merge three banks into a larger entity. Two smaller banks, Vijaya Bank and Dena Bank, were combined with a larger bank, the Bank of Baroda. Each of these [...]

16thAug, 18

PEOPLE’S FIGHT AGAINST GOVT. CORRUPTION

There is an important and growing trend in democracies around the world. Public outrage over governmental corruption is toppling more and more leaders. In the last six months alone, leaders from Malaysia, Spain, South Africa, Armenia, Peru, and Slovakia have been forced to resign on charges related to corruption. In the past five years, more than 10 per cent of countries in the world have experienced leadership changes related to [...]

8thAug, 18

INDIA’S LOST DECADE

Countries pass through stages on the road to economic prosperity. Economist W.W.Rostow postulated five such stages of economic development: the traditional society, pre-take-off, take -off, drive-to-maturity, and period of mass consumption. The year 1991 was a watershed point in India’s economic history. It marked a distinct move away from socialist economic policies and an embracing of economic freedom and free-market policies. As a result, the economy started to grow, slowly [...]

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