Outlook For The Indian Rupee

Revisiting my earlier thoughts on the Indian Rupee, I am more convinced now than before that the Indian Rupee is likely to depreciate to a new lower band versus the US dollar.

Since my earlier post about the rupee in November, it depreciated to 54 rupees to a US dollar, rebounded to 48 rupees to a dollar and currently trades at 50 to a dollar. More...

Jumpstarting Is Essential

I consider myself a die-hard capitalist and an advocate of free markets and meritocracies. I am against the welfare state and I think enforced equality creates mediocrity and is antithetical to a meritocracy.

However, I find myself supporting the Rural Employment Guarantee Scheme in India, I support Affirmative Action (Reservation) in education for the most under-priviliged in India and I support the yet to be tabled National Food Security bill in India. More...

Open Access In The Indian Power Sector

Charlie Munger has said that India suffers from too much due process. It can seem at times that consensus building is a goal in itself among Indian bureaucrats and India's polity. Change in India is never voluntary. Politicians and bureaucrats are always dragged to change crying and kicking. More...