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
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?
I had this post drafted on my blog. Finally got the time to complete it. Well I am not taking the regular route here. Let me take another route. Forget Government. What are we doing? Read with an open mind. IOC has been pushing this message to the customers and gently calling forth for Nation … Continue reading LPG Subsidies- Not Govt’s problem but our Psyche’s
The International Monetary Fund (IMF) came out with its bi-annual publication World Economic Outlook recently and it predicts about India's economy in coming years. There are a lot of numbers, and lot of data. Here is the simplification of all of it and this is what is required for us to know that is related to India. … Continue reading Future of India’s Economy as predicted by IMF
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.