Mises India: Prepare for more insolvencies and bankruptcies

By Madhusudan Raj on Mises India Indian businesses, especially the so-called ‘too big to fail’ ones, are drowning in debt and are failing one after another. Here is a list of few of these businesses: First, the IL&FS default and insolvency. Also, DHLF, another giant housing finance company, is also near default. Second, Baba Ramdev’s... Continue Reading →

The RBI is the Achilles heel of India’s Constitution

The Constitution of India was debated by several eminent and far-thinking personalities who saw far, realised the dangers of large government and limited the government's influence by including Fundamental Rights in Part III of the Constitution. As this article points out, the Constituent Assembly mostly dismissed Ambedkar's vision of a socialist democracy : If the... Continue Reading →

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