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LOOTING THE RBI

The Reserve Bank of India (RBI) has three main areas of responsibility. It is a banker of banks and is responsible for maintaining public confidence in the banking system. It is also the government’s […]

2019-09-09T14:25:19+00:00 September 9th, 2019|

SHOULD INDIA BORROW OVERSEAS?

In the 2019 budget, the FM announced that the government would increase its borrowing in the international market. This was being done to avoid the “crowding out” effect—a phenomenon where the government borrows money […]

2019-07-28T19:38:52+00:00 July 28th, 2019|

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.

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2019-09-21T13:46:37+00:00 August 8th, 2018|

WATERING DOWN EMINENCE

What comes to mind when you hear the word “eminent” ? Most reasonable people would associate eminence with someone that has attained a level of achievement far beyond others through years of hard work, […]

2018-07-26T22:34:18+00:00 July 12th, 2018|

SKILLING MODERN INDIA’S WORKFORCE

Education and skill development fulfil two goals simultaneously: an economic goal to provide businesses with a skilled workforce necessary to enhance productivity, improve competitiveness and increase economic growth, and a social goal […]

2018-07-26T22:40:35+00:00 April 13th, 2018|

MOODY’S HELPS MODI

Various Indian governments have been pushing the global credit rating agencies (CRA’s) to reexamine the country’s credit rating given its clean seventy-year credit history and recent economic growth. Last week Moody’s finally […]

2018-07-26T22:45:35+00:00 November 25th, 2017|