Business & Economy

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Stop This Bloody Business of Notional Losses

First published on 22.09.2012 Excuse me for the uncivilized caption, but what I am writing below deserves none better. Notional losses, as the name suggests, means calculation of loss/profit on the basis of some fictional reference point. Year 2004 is the starting point for this non-sense. This is the year when the transformation of India from a License Raj Economy to a Market Based Economy is deemed to have been…


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FDI in Retail

First published on 28.11.2011 Below are the pros and cons of the FDI in retail: Pros – Discounts to the customers esp. in lesser known brands. – Bypassing of the middlemen – Ease of shopping – Possibility of better recourse to law by the customers esp. if some kind of public duty is imposed on the big retailers. Cons – Breaking up of the traditional debit model of the Kirana…


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Budget 2012 Review – An Opportunity Missed Indeed

First published on 17.03.2012 A lot of importance is attached to the Union Budget. In a way, it is good because, this way, lazy people like me update themselves with the reigning perspective of the government towards development; however, otherwise, it is supposed to be just an accounts statement. For development, of course, the revenues ought to be generated and accounted for in the budget estimates; however, as a common…


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Reasons for High Inflation

Various reasons have been offered for high inflation in India. Let me take up each of them and demolish it. Recession It is being said that the inflation in India is the direct result of the Global Recession, which is false. The inflation in India is linked to high food prices. The food prices in the USA have been falling as a result of the Global Recession; the USA is…


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Budget 2010: Choices Before the Finance Minister

The Indian society has started walking on a path where the economic culture and the social culture are becoming synonymous. The status of a person is known by what he earns, and it doesn’t matter whether the earning is legal or illegal, moral or immoral. The status of a politician/government servant is known by the kind of bribe he demands. The status of a businessman is known by the assets…