PM Narendra Modi’s speech on New Year’s even has less surprises. However, the speech contains inherent messages that give an idea of how the economic policies are going to take shape in the next few weeks that lead to the budget.
High Denomination Notes Cease To Be Legal Tender
PM Modi Announces cancellation of the legal tender nature of India’s High Denomination notes of Rs. 500 and 1000. How do we make the transition to new currency notes smoother?
Driverless Cars: Moral and Legal Considerations
Driverless cars are no longer a fantasy. Despite being far from general purpose use, this technology is evolving leaps and bounds, thanks to players like Google and Tesla making steady progress on this technology. As the technology evolves and enters into public life, several legal and moral issues are going to crop up. The recent… Continue reading Driverless Cars: Moral and Legal Considerations
Data Insurance: to Limelight and Mainstream
In contrast with other essential elements of human life like death and taxes, the history of insurance has been very short. However, in terms of evolution, the concept of insurance has been constantly changing and continuously embracing new domains. Insurance of properties, life, health, beauty, athletic talent and limbs are very trivial now. Data insurance,… Continue reading Data Insurance: to Limelight and Mainstream
Currency recalls in a note folding economy
The Reserve Bank of India issued a notice to recall currency notes prior to 2005 in an effort to curb black money in the country. It first issued a notice in January 2014 on modalities of the recall. Then it extended the deadline for recall till January 01st, 2015. While the intent and rationale behind… Continue reading Currency recalls in a note folding economy
Do you want to supersize that drug?
I am a big ibuprofen fan for all sprains and related inflammations. The ibuprofen strips in our medical cabinet usually expire before they get consumed and we throw it away, just like we threw away that strip of 200mg dose of ibuprofen last month. Having a backup of a strip of 400mg dose, I didn’t… Continue reading Do you want to supersize that drug?
Free is costlier in reality
As elections are getting closer, political parties in India are announcing more and more populist schemes across India. None of the major national parties or prominent regional parties are exception to this. Even though these populist schemes work in the short term to please masses (and in return fetch votes), the impact of these schemes… Continue reading Free is costlier in reality
RBI Rate Hike
The chain of recent rate hikes by RBI, including the one yesterday, is going to hit the pockets of middle class severely. The increase in repo and reverse repo rates will make owning homes and cars dearer, putting pressure on middle class to stay where they are in terms of infrastructure and lifestyle. This will… Continue reading RBI Rate Hike
Mukesh Ambani on Bank of America Board
Bank of America named Mukesh Ambani as board member. Read here and here. He is the first non-American board member of the bank. This membershipÂ speaks a lot about the changing face of global economy. Not very long ago, companies in India are working extra hard to rope in directors from western economies to leverage… Continue reading Mukesh Ambani on Bank of America Board
This year’s railway budget is not at all impressive. Especially for the state of Andhra Pradesh, the amount of budget allocations are very poor. For example, a project with a few hundred crores of estimate is allocated with about a crore of budget. This budget never focused on any of the infrastructure improvement projects in… Continue reading Railway Budget