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 […]
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 […]
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.
<p style="text-align: […]
It is estimated that since 2014 about 23,000 millionaires have left India to settle in other countries (Morgan Stanley). The vast majority of […]
The New York Times (NYT) is as rabidly anti-Trump as any other newspaper in the world. So recently (June 1, 2018) when the […]
I hate watching evening debates on Indian television. Besides the uncontrolled shouting and the lack of intelligent and respectful discussion, it is always […]
Even Mr.Modi’s most ardent critics will acknowledge his immense enthusiasm and self-belief. But it is his misguided belief that he can somehow “fix” […]
Economic freedom is the bedrock of modern capitalist societies. It is based on personal rights, voluntary exchange, and open markets. The link between economic freedom and prosperity has never been clearer. The […]
There are reports that the government is contemplating a Rs. 50,000 crore stimulus to boost the economy. The notion that governments need to […]
Dear Mr. Modi:
Your commitment to making India great is unquestionable. Your tireless promotion of Brand India is unparalleled in Indian politics. […]
We all want economic progress. But how should we measure economic progress?
In last week’s newsletter, I used the analogy of a […]
India’s GDP growth has declined now for four consecutive quarters. Total GDP ( Gross Domestic Product) has dropped almost 3.1% since the 4th quarter of 2016. Future GDP will likely get worse as […]
“The record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the […]
At the World Economic Forum in Davos, India’s Commerce Minister Nirmala Sitharaman, made a preposterous statement. She suggested that the world needs to do […]
Here is a radical proposition. Abolish all current taxes in India: by all I mean all the 50 or so different direct and indirect […]
As demonetization unravels into a spiraling disaster the government is looking for new narratives to justify the policy. The latest justification that it will […]
Donald Trump will soon become the most powerful man on earth. The rhetoric of the campaign is over, and while it is hard to say exactly […]
Much has been written about demonetization and the impunity with which the elected leader of a country destroyed the currency of the fastest growing […]
All big disasters start off as small events. Hurricane Katrina was a small ripple in the South Atlantic Ocean before it killed 2,000 people […]
The Reserve Bank of India (RBI) has several roles. It is the banker’s bank and is responsible for maintaining public confidence in the banking system. It is […]
The recent attacks on Uri by Pakistani trained terrorists is part of a strategic chess game that has been slowly playing out over the last decade, […]
