Bharat Jhunjhunwala

Stories By Bharat Jhunjhunwala

A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai April 17, 2012. The Reserve Bank of India cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts. REUTERS/Vivek Prakash (INDIA - Tags: BUSINESS)

The futility of lowering interest rates

The Reserve Bank of India (RBI) has recently lowered the rate of interest that it pays to the banks on the amounts deposited by them with...Read More

Missed Opportunities and the Way Forward

Missed Opportunities and the Way Forward

NDA’s win appears to be anchored on Pulwama and strong administration. The alliance has won despite many missed opportunities. The only e...Read More

How we are whipping democracy

How we are whipping democracy

French philosopher Jean-Jacques Rousseau laid the foundations of modern democracy. He said that persons elected by the people had a right...Read More

Ideological bankruptcy of NDA and UPA

The basic problem of governance is how to make the rulers act in the interests of the people, not in their own. At the same time it is al...Read More

Public funding for elections should be inculcated in India

Public funding for elections should be inculcated in India

The role of money—whether black or white—in elections cannot be eliminated. But it certainly can be reduced. The makers of our Constituti...Read More

Need for good relook at fiscal deficit mantra

Need for good relook at fiscal deficit mantra

The fiscal deficit consists of the money borrowed by the government to finance its expenditures beyond its income. BJP and Congress agree...Read More

Photo by PUNIT PARANJPE / AFP

The time for universal basic income has finally arrived

Congress President Rahul Gandhi has promised to pay Rs 7,200 per year as basic income to the 20 per cent poorest families of the country....Read More

Why is India far behind China

Why is India far behind China

The income of a Chinese Citizen was 1.2 times that of an Indian Citizen in 1980 according to the data released by the International Monet...Read More

Women need to strike a balance

Women need to strike a balance

The earliest living organism was called gametes. This was unisex. Any two gametes mated and created offsprings. The stronger and larger g...Read More

(PTI Photo/Vijay Verma)

Dicey state of the economy

Speaking at the Global Business Summit Prime Minister Narendra Modi said that his Government had provided a corruption free environment i...Read More

Scrap the Indus Water Treaty

Scrap the Indus Water Treaty

India has imposed 200 per cent import duty on goods imported from Pakistan in retaliation to the Pulwama attack. This is not likely to go...Read More

The grim case against hydropower on the Ganga

The grim case against hydropower on the Ganga

The Union Government must be congratulated for taking a decision not to make new hydropower projects on the Ganga River. The issue of fou...Read More

(PTI Photo/ Arun Sharma)

Don’t fear fiscal deficit

Finance Minister Piyush Goyal has claimed with some justification that the NDA Government has been successful in keeping the fiscal defic...Read More

Reform GST in 2019

Reform GST in 2019

The challenge for 2019 is to push up the growth rate fromthe present seven per cent. Economic growth is basically driven by demand.There ...Read More

What Modi needs to do to claw back

What Modi needs to do to claw back

The policy of BJP in the last four years was to consolidate the Hindu vote on the issues of cow, Sanskrit and Ram Temple. At the same tim...Read More

The future belongs to Solar Alliance, challenges remain

The Jawahar Lal Nehru Solar Mission was started in 2010. Prime Minister Narendra Modi has pushed it forward dramatically and set a target...Read More

Ethanol is a bad choice to run cars in India

Ethanol is a bad choice to run cars in India

Sugar factories across the country are not able to make payment of the sugarcane purchased from the farmers. Farmers are suffering. The s...Read More

Why rupee is sliding?

Why rupee is sliding?

The rupee has declined from Rs 64 to a dollar a year ago to Rs 71 presently and is expected to decline further in the coming months. The ...Read More

PTI Photo

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 A...Read More

Money stashed in Swiss banks hasn’t come back

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 be...Read More