PMJDY for the financial inclusion of the poor

Over 50% of Indian Population is unbanked, that is, they do not have an account at a formal financial institution. Pradhan Mantri Jan Dhan Yojana seeks to ensure that all households and businesses, regardless of income level, have access to and can effectively use the appropriate financial services they need to improve their lives. Currently, … Continue reading PMJDY for the financial inclusion of the poor

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Cash transfers for subsidies, viable?

In my opinion India is not yet ready for the single minded pursuit of the cash transfers which the current government has high on its agenda for social policies and subsidies. It's not about the inflation worries which is bothering me- the popular media thinks cash transfers would increase the money supply in the market. Enough papers … Continue reading Cash transfers for subsidies, viable?

British hegemony in India: pros and cons.

Pre-colonial period. Though agriculture was major source of livelihood for Indians before the British colonized us, India's pre-colonial trade was wide spread, to entire Europe, Middle east, China. We exported in abundance the finest quality of cotton, muslin, and silks; we exported rice, sugar, jute etc. We were largely self-sufficient in food crops, reared cattle, … Continue reading British hegemony in India: pros and cons.