Archive for the 'Economics' Category

Ills of Current Account Deficit- GOLD -Prof R R Pillai

January 2 2013No Comments

Categorized Under: Economics

RBI is rightfully worried of the ballooning Current Account Deficit. CAD  impacts markets , exchange rates, inflation and so on. CAD increase from 1.3 % of GDP in FY’08 to 5.4% in July- Sept- Quarter of FY’13 is really shocking. At absolute level in a  growing economy like ours it’s really damaging the economy at […]

PDS Wastage & Amarthya Sen- Prof R R Pillai

March 13 201223 Comments

Categorized Under: Economics

Recently I was watching a programme on NDTV  in which Nobel Laurette Amarthya Sen and Planning Commission Chairman Montek Singh Ahluwalia were  in a discussion . The audience was a large number of students and the anchor was Dr Prannoy Roy. In the course of expressing opinions on diverse issues confronting India be it corruption, […]

G20, Do a Nelson Mandela- Prof R R Pillai

February 21 2011No Comments

Categorized Under: Current Issues, Economics

The time is running out for all the debt and deficit ridden countries.The public debt in G20 countries has risen to a humongous level of 82% of GDP in 2010 from 62% in 2007, the year  prior to the crisis. The fiscal deficit would take another 5 years to come down from the present 7%  […]