Free Press Journal
  • kerala floods, central government, kerala, kerala government, disaster relief fund, 2018-19, SDRF, State Disaster Relief Fund, Home Ministry, Kerala Floods victims

    We created flood fury because of our folly

    Mumbai and Delhi have been victims of floods that of our own making. We have made vertical walls on the banks of the Sabarmati River in Ahmedabad, Mithi in Mumbai and Gomati in Lucknow. This has freed a large part of the riverbed for property development. That is fine as long as there are no…

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  • Money stashed in Swiss banks hasn’t come back

    Two contradictory reports are available regarding the money held by Indian citizens in Swiss banks. The amount declined by 80 per cent between 2014, when Modi Government came to power, and 2017. The months are not clear, so let us assume that these figures relate to calendar years and this decline took place between January…

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  • maharashtra, crop, loan waiver, maharashtra government, croap loan waiver scheme, farmers

    Need to give land-based subsidy to farmers

    The Government has enhanced the Minimum Support Price (MSP) of Kharif crops in keeping with the commitment made in the Budget to increase the incomes of the farmers. It is estimated that this will lead to an increase in inflation of about 0.2 per cent and to a reduction in GDP of about 0.3 percent….

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  • Trade war has a silver lining for India

    Former Treasury Secretary of the United States, who is equivalent to our Finance Minister, Larry Summers has said that the ongoing trade war between the US on one side and China and India on the other side may lead to a global recession which would be harmful for all the countries of the world. His…

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  • Flow of the Ganga under Manmohan & Modi

    Prime Minister Manmohan Singh used to say “Ganga is my mother”. Similarly, soon after assuming the office of the Prime Minister, Shri Narendra Modi said that “Ganga has called me, now we don’t have to take anything from the Ganga and only have to give it”. Let us see what the two have done for…

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  • Managing externalities: The case of Sterilite

    Businessmen are mainly concerned with making profits. They live in a competitive world and they have to produce goods at the lowest possible cost. Their profits are determined by the payments made for the raw materials such as copper ore by the Sterilite plant in Tuticorin, cost of land, machinery and labour. The cost to…

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  • Troubling free fall of the Rupee

    The Rupee has been sliding lately. The price of the Rupee was hovering around Rs 64 to a US Dollar for the last few years. Recently, it has slid to Rs 67 and analysts expect it to further decline to about Rs 70 to a Dollar. The price of the Rupee is determined in our…

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  • Towards a global fundamental rebalancing act

    The first direct train from China to England reached London recently. It traveled 12,000 kilometers carrying a cargo of garments and other manufactured goods. This is the trailer of the times to come. China is aggressively pushing the Belt Road Initiative (BRI) to establish state of art road and rail transport facilities from China to…

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  • politics, campaign, parliamentary election, rival politicians, editorial, pm, lok sabha, state elections,

    Should renouncees enter politics?

    In Chapter 18 of the Gita, Lord Krishna explains that it is not possible for a person to give up all actions. For example, a sannyasi or renouncee has to beg for food or make a hut of grass to protect himself from rain. However, Krishna said that it was possible to give up the…

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  • Run! Run! Run! The Robots are coming!

    Large numbers of jobs such as the manufacture of cars on the assembly line are increasingly being done by robots. About one-half of the present day jobs may be under threat from robots. White collar jobs like those of legal research are under threat from Artificial Intelligence (AI). We cannot stop this thunderous entry of…

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  • Result-based funding of universities

    The Government has decided to grant autonomy to 62 universities including the Aligarh Muslim University and Benares Hindu University, and other institutions of higher learning. These universities will now be able to freely design new courses, open new centers, and give higher salaries to specialised faculty members without having to obtain the consent of the…

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  • world water day, mumbai, 2050, UN report, United Nations, Water shortage

    India faces manmade water crisis

    The per capita availability of water in Delhi is more than that in Amsterdam. China, with a larger population, uses 28% less fresh water than India. We have ample water yet we face a huge water crisis. About 80 percent of our water is used for agriculture. We are cultivating water-guzzling crops like grapes in…

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