In last week's edition of Finanomics, I wrote about the need for the waiver of patents for vaccines as well as other covid-related innovations, as that could help end the covid-19 pandemic sooner. Since the last week's post went...
“How much is it for?” On 19th April 2021, the Government of India put out a statement announcing that all individuals above the age of 18 will be eligible to get vaccinated from 1st May 2021. A move that...
Vaccine Passports Something New The pandemic has enabled ideas and solutions that we would have never imagined in a world without Covid-19. Mandatory isolation, quarantine, lockdown, curfews or stay at home orders, tracking applications (like Arogya Setu), covid bubbles...
Had India chosen the “old economics”, we would’ve been content with greater GNP. Had we chosen “New Economics”, we would’ve been content with growth with social equality. But we have chosen “no economics”, where "ideology matters most”.
Inflation Targeting The inflation target set in August 2016 was set to end on 31st March 2021 as the 5 year period came to an end. The target of inflation through these 5 years was 4% inflation with 2%...
In 2013, India used to buy 1 barrel for 110 dollars and today it's price is around 55-65 Dollars per barrel, but still fuel is more expensive than before.
Budget 2021 and the Modi Government's Keynesian Push
Person 1: Only 1% of India pays Income Tax. It’s a sad state of affairs. Person 2: Obviously. There’s black money, and evasion, and most eligible tax-payers don’t pay up. Person 3: And we know they can pay if...
There are three types of imperialism that exist today, that are “colonies, protectorates, and spheres of influence.” This is where all the problems begin as the erstwhile steps are ostentatious to realism.
