Navigate..

Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS or NREGS in short) is undoubtedly one of the most debated social welfare scheme in India, and it is not surprising given its magnitude. From the time it helped UPA to win 2009 elections to the time when Modi called it as ‘living monumental failure of congress’, it has not failed to hit the headlines. So the real question is, when NDA/Modi hates NREGS, why they have continued it instead of shelving it. In fact, on contrary,...

Continue reading...

Nokia had finally unveiled a Handset which is loaded with ‘the most popular’ OS on earth, Android. The move seems to be strange one when you consider the fact that Nokia has been sold to Microsoft and that deal will be completed by this quarter end. Android may be the most popular OS, but, WHY NOW? To understand it completely, I need to dig into history a bit, bear with me.

PC sales have been declining for the last few quarters; if Microsoft sticks with its desktop business alone, it wi...

Continue reading...

Inflation, Repo Rate, Credit policy, GDP et cetera are becoming fancy terms among public. Of course, they are fancy and I am not denying with that. For those who don’t know all those fancy terms, Inflation means the rate at which your money loses its value (Don’t go for bookish definition, it took a semester for me to understand that, yes, I was slow). Higher the value of inflation, faster the eradication in the value of money takes place. Here, my question, is it a good thing or a bad th...

Continue reading...

It wouldn't be much of surprise if one asks question, the one who had seen/read about the crisis we had undergone in the year 1991, that, are we heading for another breakdown? What do you think? What i feel is, it would be nearly impossible to see the same kind of breakdown what we had witnessed in early 90's, given the sheer size of our economy and investors interest in India. But what worries me is our approach to the problem. We have a current account deficit which is ever widening, inflat...
Continue reading...

As you know, our government always wins a blame game, this time, they had put blame on US Fed bank quantitative easing programme. Let me brief about that stimulus programme. After sub prime crisis, Americans stopped spending their money, as they left with no money with them. Unlike, European and Asian economies, US economy had built on their citizens spending. As they stopped spending, growth started to see zeros and negatives. To boost up the spending, US fed bank had decreased the interest ...
Continue reading...

Politics or political views have never been my cup of tea, but this time i, at least, want to grab some other’s cup for time being. After all, we live in India, where stupidity is the only qualification for politics, in which i can pass in distinction. Moreover, the topic i want to deal with is not just political issues and it is more to economical one.

‘Aap ka paisa, aapke haath’, was the phrase coined by UPA govt indicating the mechanism of Direct Cash Transfer scheme. 

 

Does Overhyped ...

Continue reading...

Lot of drama is going on for the last two weeks with the sudden hike in petrol prices. Government is continuously saying that they’ve reached a level where the subsidies are unbearable and also oil companies are running in huge losses. Well, what it means to a common man, I mean, subsidies and all the stuff. Is government is subsidizing fuel heavily and state owned oil companies are running in huge losses. Let us discuss,

I want to share my Facebook status over here regarding petrol prices...

Continue reading...

You must been heard of rupee’s steep fall in the last few days or weeks. The question that must be posed is, what it means to a common man. Of course, every macro-economic, overall economic environment, change has an impact on every citizen of its country; India is no exception for that.  Well, we’ll go through the reasons for the fall, implications of falling currency and the possible solutions to control the falling rupee.

 
  Reasons:

There is a saying in Hindu mythology, “there are 1...

Continue reading...

Most of you know that our tax system is going to replaced by Direct Tax Code (DTC), sooner or later. I just tried to understand what it means to the common man and the others and im sharing the details to my understanding level. First of all, I want to make it clear that, DTC is not another amendment for the existing taxation system, but it is completely new one. In simple words, DTC is going to replace of Income Tax Act, 1961. In other way, most of the auditors’ knowledge will get outdated...

Continue reading...

You might have observed the first trade deficit (in first quarter of 2010) of China in the last seven years. Why has it happened?

Does the rapid growth of China will come to an end soon?

Will Chinese goods be no longer cheaper?

May be, it can happen in very near future. If you want to know why it is so, and what is happening with china just read this article. I felt the CURRENCY WAR IN CHINA would be the well suited title for this article. You’ll understand same by the end of this articl...

Continue reading...