Tag Archives: inflation

What India needs?

Money - Black and White Money


I am writing this blog after about three months of being a part of the Indian Economy. This may sound really fancy but it in fact isn’t. As a matter of fact, I could have just stood on the roads and sold some “chana” to understand the same. But I obviously didn’t take that route. In any case, you may already know what I am about to share with you either partially or completely. What I’ll do is reassert the same. Continue reading

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Banner Número 5

Banner Numero 5 (Inflation)

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One buck for a kg of rice, Chidambaram?

Palaniappan Chidambaram (1)

Palaniappan Chidambaram (1) (Photo credit: Wikipedia)

So I just saw “Rs. 1” trending on twitter and I was intrigued to know what was this all about. It ended up to be a social media version of a statement made by Mr. Chidambaram. I now proceeded to actually have a glance on what other tweeters had to say about this and I must tell you that people on twitter don’t know how to be moderate. What I was more surprised about was their opinion on the statement. Most of them didn’t really make much sense as I am sure that these guys who are tweeting are probably flashing off their blackberries to be really bothered about rice costing Rs. 16 and not Rs. 15 bucks. The inquisitive brain of mine now wanted to read the actual statement rather than the 140 character versions. What you see below is the statement.

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The Inflationary Tax Policy – A Concept

Taxation is one of the major tools used by governments in a mixed economy. It mainly works as a source for government funds and government spending. Now there’s more to why the government takes on the responsibility to make certain investments but thats a a completely different “road” which we are not catching in this paper. Continue reading

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