For Prime Minister Modi, the day before August 15 must have been a day of reflection, a day to take stock why his government had allowed things to come to such a sorry pass, and a day to resolve to make a new beginning.
It is our callousness towards that inviolable right called 'liberty' and our ignorance about how liberty is eroded that lead to a George Floyd moment in Minnesota, US, or a Jeyaraj and Bennix moment in Tamil Nadu, India.
Demand is still abysmally low, hitting the Manufacturing and Services sectors very hard. People are hoarding cash. Year-on- year, currency in circulation has risen 14%. The reasons are two: one, fear of Covid infection and th
Mr Modi's dream that the 21st century will be a China-India led Asian century is practically over. It is obvious that Mr Modi did not take a correct measure of Mr Xi. Whether Mr Xi took a correct measure of Mr Modi is a matte
It is elementary economics that income alone - money in people's hands - will revive demand; demand will spur supply and production; production will bring back jobs and incentivise investment; and all of these will revive gro
The Modi government has one last chance. It must get off its horse named 'Ostrich' and Spend, Borrow and Monetize. Otherwise, the people will never forget or forgive the Modi government for setting India's economy back by at
The bank can lend only the remaining amount and earn interest (interest income). Even that amount is capped by what is known as the CRAR or Capital to Risk (Weighted) Assets Ratio, commonly known as the Capital Adequacy Ratio