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Revolution is not Bitcoin but Blockchain, replacing double entry Bookkeeping and Banks.

October 21, 2017 - 1:37 pm in Economics, Governance

The reason why digital fiat currency (DFC) is making capitalism obsolescent is that there is no need for loans, debts, interest or capital repayment, hence no need for banks, in the system. Money creation and spending is done by a central bank that, if the…

An Indian Vice Chair at International Telecommunications Union Focal Group on Digital Fiat Currency

October 20, 2017 - 5:04 pm in Economics

After the 17 October 2017 announcement by the International Telecommunications Union that the ITU Focus Group on Digital Fiat Currency (DFC) is tackling…

Briefing paper on Monetary Policy for a Unity Government 2019

October 19, 2017 - 3:40 pm in Economics

The economic policy of the BJP has been blundering along in the footsteps of previous parties and exacerbating in a very short time all the very severe…

The failure of multi-party democracy in India

October 18, 2017 - 1:16 pm in Economics

The 19th national congress of the Communist Party of China is underway. Every day the contrast between the Chinese model of development towards socialism and India’s failed multi-party democracy becomes starker. The vision for the world presented by China’s…

Digital Fiat Currency: Overthrowing Hindu Rashtra

October 16, 2017 - 7:43 pm in Economics

International Telecommunications Union Meet on Digital Fiat Currencies India was nowhere to be seen at the International Telecommunications Union meet up digital fiat currencies in Beijing on 12 October 2017. Whereas BJP Hindu Rashtra punishes the people…

Inter-Generational Poverty in Bihar-UP: Any Light at end of Tunnel?

October 15, 2017 - 5:41 pm in Economics

Inequality is a consequence of development in the conventional sense we understand post-cave life. The problem is absolute poverty and inter-generational confinement of the same set of people in that poverty trap. Let me reject some dominant views that the…

Children sans Childhood: Rag Picking Children in Allahabad, Uttar Pradesh

October 13, 2017 - 2:55 pm in Economics, Health

I am used to wander around to look at people not very much welcome to the civil and elite society – the society excluding unwelcome cross sections is generally self-claimed. My observations are about those who are projected in a way not much acceptable to…

RBI must issue e-Rupees to all citizens

October 8, 2017 - 7:22 pm in Economics

The various reasons for demonetisation have not stood up to scrutiny: 99% of the Rs 500 and Rs 1000 notes came back to the RBI, so only Rs 165 billion out of Rs 16,415 billion may have been black money. Secondly if the aim was to stop people hoarding money…

Survival vs Development: Analysis of Maharashtra Farmer’s Agitation

July 9, 2017 - 6:41 pm in Economics, Governance

The state of Maharashtra is located in the western part of India, with it being the third largest state in the country. The state covers over an area of 118,809 square miles, shares its borders with the state of Gujarat, Madhya Pradesh, Chhattisgarh, Telangana,…

Modi Sarkar: Where does it stand at half Time?

January 19, 2017 - 11:17 pm in Economics

As Modi Sarkar completed half of its term recently (Nov 2016), how do we see the major features of this Government? There are some commentators who feel that he is a leader who has given hope and who is capable of taking bold steps and that he has got a…