CBSE and ISC boards announced their results in the last few days. What was shocking to see was the focus on the toppers of the respective boards scoring equal to or upwards of 99.5%. As we climb down the ladder, the fall is less than 0.1% per rank, with many students sharing the same rank … Continue reading The irony in India’s College Education
Dr. Raghuram Rajan, the immediate previous Governor of the Reserve Bank of India began a bold task in the last year of his tenure, that to clean up bank balance sheets. Indian banks have been facing a grave issue of rising Non-Performing Assets (NPAs), since the last five years now. The reasons behind this phenomenon … Continue reading Does India Really Need A Bad Bank?
The concept of implementing Universal Basic Income (UBI) is a relevant one, that poses severe challenges to Governments and policymakers around the world. But it is also a highly controversial and contestable one. The argument about UBI will surely catch fire in the near future as we start seeing jobs getting replaced by robots at … Continue reading The Case Against Universal Basic Income In India
The Union Budget 2017-18 got all the limelight it wanted, first with the dates right before the assembly elections in a few major states, and on the morning of the D-day due to passing away of a sitting MP, inciting ruckus from the opposition to adjourn the parliamentary proceedings for the day. Thought the first … Continue reading A Synthesis of the Union Budget 2017-18
The 196 countries on the face of the earth have 180 different currencies. But the world has been suffering from currency hegemony in the last century or so. Starting with the Pound in the early 20th century, the world also saw dominance by the Yen, the US Dollar, and recently, after its formation, the Euro. … Continue reading Arguments For A Single Global Currency
Come February the Fourth, and five Indian states go to assembly elections. Needless to say, Uttar Pradesh (UP) is the elephant in the room that everyone will keep an eye on. The other states are Manipur, Uttarakhand, Punjab and Goa, in order of importance, at least as far as I am concerned. What should be … Continue reading Assembly Elections Like None Other
The Government of India and the RBI announced a series of measures late in the evening of 08 November, 2016 in order to curb counterfeit currency of denominations Rs. 500 and Rs. 1000. Subsequently, it also announced issue of new currency notes of Rs. 500 and Rs. 2000. A detailed FAQ sheet was released by … Continue reading What Happens After The Rs. 1000 Notes Have Disappeared Into Thin Air?