The first question is of course about the interest rate, and how much will a bank be willing to give out to investors. As far as retail investors are concerned I feel it is really hard to get excitement going… Read moreTwo important unanswered questions about the gold monetization scheme
PTI reported today that industrialist Yash Birla, along with four other lesser known businessmen hold Swiss bank accounts as confirmed by the Switzerland authorities. This news apparently delighted the finance minister who chalked this to successful diplomacy and cooperation between the Modi government… Read moreYash Birla has a Swiss Account, what next?
The heat has been particularly merciless in the last few days, and the reports of hundreds of people dying due to the heat wave is quite saddening. Unfortunately, this is nothing new; every year people die of the heat wave in… Read moreWhat is the definition of a heat wave and how do people die of it?
The Finance Ministry published a draft on the Gold Monetization Scheme that the finance minister had spoken about during the recent budget. The big idea behind gold monetization is that India produces almost no gold and imports massive amounts of it… Read moreDetails of the Draft Gold Monetization Scheme
The China pitstop has perhaps been the most interesting in our globe trotting PM’s itinerary. The beginning wasn’t as exciting for its substance as it was for its selfie opportunities, and even though a couple dozen government to government MOUs were… Read moreThoughts on the India – China MOUs
Rajya Sabha cleared the Black Money Bill today, which is officially Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015, and this is perhaps the only piece of legislation which the Congress finds itself unable to oppose. The finance minister had… Read moreCan the Black Money Bill affect you directly?
Mr. K V Kamath was named the first head of the BRICS Bank or officially the New Development Bank today, and the news was all over today with much excitement and pride (a little misplaced in my opinion). First, a little… Read moreWhat is the BRICS Bank that K V Kamath just became the president of?
The RBI Governor, Dr. Raghuram Rajan has brought up the subject of full convertibility of Rupee again recently, and it will be interesting to see what steps he takes to make it happen in the future. Capital account convertibility of… Read moreWhat is full convertibility of the Rupee?
Reading and writing about the land acquisition bill has made me somewhat gloomy, and question how you can get anything done in a Democracy like India? Congress is intent on blind opposition to whatever the government proposes instead of educated debate,… Read moreHow do you get anything done?
I wrote about some of the sticking points in the Land Acquisition Amendment yesterday, and a related question to that is of course how important is this act itself? Is it really stopping progress? Don’t state governments already have large… Read moreDo States have large amounts of unused land already?