India’s on track to get its first bullet train after Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe laid the foundation for a high-speed train network between Mumbai and Ahmedabad on the 14th of September. The Mumbai-Ahmedabad high-speed rail (MAHSR) project launched in Sabarmati will cost nearly Rs 1 lakh crore with 88,000…… Continue reading Pace of Development: The Bullet Train Argument
The hypothesis presented is that the Consumption depends primarily on Real Income. Real Income, which is the main determinant of the consumption function, depends on the level of employment. A rise in employment causes a rise in income. In the short run, employment and real income increase or decrease together more or less proportionally. But…… Continue reading The Consumption Function
In a previous article, I wrote about the economic effects a terror attack may have on a country (https://ananayawrites.wordpress.com/2017/06/18/how-does-a-terror-attack-affect-the-economy/). However, to orchestrate such devastating attacks also requires a great of resources and their procuration, channeling and use, forming the economy of terrorism. An economy is a local, regional or national system of producers, distributors, and…… Continue reading Economy of Terrorism: Part 1
The 2008 terror attack in Mumbai caused Sensex Index by 2.6% at the year end; for the 2001 attack on World Trade Center in the US, this figure was 13.5%. The 9/11 attacks cost America more than $100 billion (counting property damage, lost production of goods and services as well the value of lives lost). Speaking more…… Continue reading How does a terror attack affect the economy?
A quick question, can you use Facebook, Twitter, Instagram and Google Search for free? The answer is both yes, and no. Yes, because you don’t essentially pay the companies for using their services, you create an account and violà, your wish has been granted! However, the answer is no too, because remember what you did…… Continue reading The Data Economy
The Goods and Service Tax Taxes are paid in the sweat of every man who labors. In almost every land, there prevail two kinds of taxes- direct or income tax and indirect or consumption tax. The tax on goods and services is an indirect tax ultimately paid by consumers on the consumption of goods…… Continue reading Impact of GST
There are many things we know for a fact but it is often artists, writers, and film-makers who reveal stories in their undeniably harsh yet raw form. ‘Hindi Medium’ is the story of how a self-created businessman Raj Batra (played by Irrfan Khan) and his wife Mita (Saba Qamar) struggle to procure a seat for…… Continue reading Movie Review: ‘Hindi Medium’