Government & Policy

The article is organized as follows. The first section contains a summary and some highlights from the Big Tech Hearing in-front of the House Judiciary Sub-Committee on Anti-Trust of the US Congress. Jeff Bezos, Sundar Pichai, Mark Zuckerberg, and Tim Cook were present for this hearing, and the Congress had some choice words for each of them...

A ‘Bad Bank’ is not a phrase for an underperforming or a corrupt bank, despite how it’s used in common parlance. A ‘bad bank’ is a corporate structure set up to buy the bad loans and other illiquid holdings of other banks/financial institutions. This helps the banks clear many Non-Performing Assets(NPAs), off its balance sheet, subsequently encouraging the banks to ramp up lending...

On the 26th of August 2019 the Reserve Bank of India issued a press release stating that it decided to transfer a sum of Rs.1,76,051 crore to the Government of India...

As a part of the series 'Analysing Acche Din', we try to evaluate the initiatives of the Modi Government in the third year in power...

Europe is suffering from the leadership crisis, as disruptions are continuously increasing across the continent. Brexit, Yellow Vest protests, and the rise of fringe parties to occupy the mainstream position is becoming the new norm in countries like France and Germany...

It is widely known that in 1700 AD, India and China jointly accounted for almost half of the world’s GDP. As a result of colonisation, their share fell to around five per cent by 1950. However, the recent growth of the Asian neighbours has been extraordinary, and it is common consensus that if the trend is sustained, both economies could recapture their historic share of the world GDP...

Internet is a digital infrastructure. It was developed by DARPA (U.S. Agency for development of defence related projects) to serve as a secure means of communication for U.S. Defence forces. Same story goes with G.P.S which was developed to serve military purposes for the United States. Now imagine what would have our world been had these agencies not opened up these services for universal access and private innovation?

It’s 2018, India is just one year into the elections and parties have already blown the bugle. And like every other government keeping the elections in mind, Prime Minister Modi, in this year’s annual budget has allowed India's subsidy bill to balloon in the lead up to the crucial elections at the risk of breaching his budget deficit goals...

India has been put into a perennial election mode with each year consisting of the general elections or those of the state legislatures. This kind of an environment is not at all conducive for an economy like India with reforms being the need of the hour, not populism. The cost on the government for conducting the elections in a free and fair manner has been increasing manifold every passing general election...

On November 8, with minimal warning, PM Modi’s government announced that Rs. 500 and Rs. 1,000 notes ceased to be legal tender in order to wage a war against black money. The move has been thought of facilitating a crackdown on fake currency, corruption and unaccounted black money. Whether this sudden decision will be a success or failure, only time will tell but it is bound to have some social ramifications along with the economic ones...

When Kerala introduced a “fat” tax of 14.5%, it was applauded by many. It was seen as a responsible move by the government to curb rising rates of obesity and related ailments such as diabetes, cholesterol and cardiac diseases among others. The policy makers had hoped that taxing people heavily on processed junk food would prompt people to move away from calorie-laden, unhealthy food choices. But here’s the catch....

Closing off months of speculation, the government on Saturday, 20th August 2016 finally announced Dr Urjit R Patel as the 24th governor of the Reserved Bank of India...

The Economics Association will be doing a series of comprehensive all-you-need-to-know articles on current topics. Here is a glimpse of what was discussed during the Brexit panel discussion with Mr. Shamuel Tharu on August 26th...

India is not only the world’s second most populated country but also one of the most culturally diverse ones. The first question that arises is how this population affects the country’s economic growth. India’s population has been steadily increasing, from 450 million in 1960, it now stands at 1.28 billion...