Is there a better way of transferring from the income generators to the destitute that can integrate the society rather than dividing it? The government has the responsibility of ensuring the overall well-being of its citizens. They have to defend the boundaries of...

If you need to use an asset that you don’t own, you can always lease or borrow it from somebody who owns it. In consideration, you pay a price for the ‘use’ to the owner. But if you take the asset from the owner without their knowledge or will or don’t pay adequate...

Inflation means that money is losing its value or its purchasing power. So, another approach to counter inflation can be to ensure that there is even more money in people’s hands. Am I over-simplifying things or does the idea make any sense? I vaguely remember our...

“Heer Ranjha”, “Romeo Juliet”, and “Virat-Anushka”: these love stories are nothing when compared to the romantic affair of the Indian Bankers with “Collateral Security” these days. Conceptually, a “primary” security is the one that gets created out of the lender’s...

We, Indians are very calculated when it comes to spending money. We are brought up with concepts like ‘paisa vasool’ i.e. “value for money”. If we don’t get “chavanni me rupaiye ka fayda” (a rupee’s worth in a quarter), we almost feel ‘cheated’. Right? So, here I am...

According to The World Travel and Tourism Council (WTTC), tourism generated 6.8% of India’s GDP in 2019 and supported 8% of its total employment. But do we really care about this industry? Hotels are the backbone of the tourism industry. And they are facing probably...

“Socialism” means public ownership of the means of production, distribution and exchange. Why have socialist ideas become so attractive again, despite the fact that, without exception, every socialist experiment over the past 100 years has ended in dismal failure?...

Since independence, India has always been a ‘socialist’ country by heart. It may be due to the socio-economic structure of our society or our traditions and culture as such. During the constituent assembly debates on framing the Constitution in 1946, K.T. Shah...

Have you ever asked what is the root of money? Money is just a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade...

Just to set the record straight before you read any further – I absolutely mean it. No sarcasm or pun intended. I am an ardent fan of Mr Vijay Mallya. To me, the man is a legend, an icon. Of course, he is not someone to be worshipped or idolised. But in no way, he...

Having spent a decade-long career as an arranger & provider of “debt”, I sometimes feel like a ‘HALWAI’ or ‘MITHAIWALA’. No, I am not completely insane. My wife had me tested, twice… When I say that I feel like a “HALWAI/ MITHAIWALA”, that's because I compare the...

PM Narendra Modi inspires the country by giving them the dream of a “$5 trillion economy”. We, the ambitious and resilient citizens of the country feel that this is very much achievable. It's ‘timing’ though might be up for some debate. But is there anything that...

The Finance Minister Mrs Nirmala Sitharaman while announcing the fifth and final tranche of the stimulus package for the economy hit by the coronavirus pandemic had said that violations involving minor technical and procedural defaults would be ‘decriminalised’ as an...