Governance

On this 7th of November, a section of the press in India had reported that the Government of India is considering moving away from the antiquated cash accounting system to an accrual based system. In an article entitled “New accounting prices Taj at Re 1″, the reporters unfortunately did not give any authentic source to […]

Mustard Yellow, Red Hot, Pure White, Coffee Brown, Mystic Maroon. These colours pretty much describe an Incredible India 1.That of course is India with its wonderful colours of diversity and heterogeneity for the tourists. What about us who have to deal with a set of educated and elected leaders who are incredibly driving this country […]

Free Saris, free electricity, free color televisions and now free loans. India is trying to be truly a welfare state that even the Sultans of the Gulf will be put to shame and who knows even Adam Smith must be turning in his graves.
All these are key budgetary drills of a government that has thrown […]

“The future holds little hope for any government where the present holds no hope for the people” Lyndon Johnson
Governance has today become a buzz word. A key slogan for business leaders, politicians, media, academicians and the general public, it is increasingly becoming an elastic term so pliable that its use (or abuse) has […]

We might hope to see the finances of the Union as clear and intelligible as a merchant’s books, so that every member of Congress and every man of any mind in the Union should be able to comprehend them, to investigate abuses, and consequently to control them,” said President Thomas Jefferson to Treasury Secretary Albert […]