economics

If all private bank deposits were transferred to CBDCs, conventional banks would be forced to act as "loanable funds intermediaries" under the control of the central bank.

We attributed economic success to the price of the everyday commodity. It not only made wrong economic judgments but invented freebie policies.

Nearly 10% of our import bill is spent every year on purchasing gold which results in a huge outflow of foreign exchange from India.

GST was a huge bargain when States gave up their rights to collect sales tax while the Centre gave up excise and service tax. Australia also shares the GST anniversary with us where the rates have been constant at 10%. Thus, a single rate in India can be a huge reform, and a matter of discussion too! But there is an urgent need for structural reforms in GST, in order to be a leading economy.

All economies should focus on self-sufficiency where they can provide for all without any dependence on external sources. This change in priorities of the neoliberal order will remove all the internal fractures in it like poverty, over exploitation of the environments, unemployment, disease and other internal conflicts over scarce resources.

We will have to understand economics in right perspective as Arthshastra which originated in India. The primary focus of which was human happiness index and was largely successful for many centuries without huge recession.

The policymakers have to play a significant part in relaxing the restrictions in such a manner that at the one end, steepness of crisis is brought to baseline while on the other end; economic functions are alleviated with proper credit security by the government.

India needs to join the US, Australia, and Japan to call out and penalize China for transparency in handling the outbreak.

With slump in tourism and locals coming back to state, will Kerala model be able to survive?

Many countries are waking up to the realization that dependence on China is unreliable, and not in the interest of them and thus should reduce.