After exposing the Indian company, Adani Group, of “a blatant stock manipulation and accounting fraud scheme”, Hindenburg has made headlines in Indian media. In addition to analyses of hundreds of papers and interviews with former Adani senior executives, it referenced two years of investigation. The charges have been denounced by the Adani Group as “a vicious…
Category: Ecognisance
Exploring the Possibilities of Central Bank Digital Currencies in India
By Ishu Goyal (Ramjas College, Delhi University) | Edited by Ikshita Jain and Diva Sheth In recent years, the Reserve Bank of India (RBI) has been exploring the use of central bank digital currencies (CBDCs) as a means of increasing financial inclusion in the country. With a population of over 1.4 billion and only 400…
Ticket Scalping: A Battle between Economic Efficiency and Inequality
By Keya Daruwala | Edited by Aashni Rebello Imagine that your favourite stand-up comedian is performing live at an event in your city. The tickets are priced fairly low, enough to give you the adrenaline rush that nudges you to book a ticket. You log in to the online ticket booking platform well in advance,…
Ending Poverty: An Assessment of NITI Aayog’s Multidimensional Poverty Index
“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little’’ is the quote by Franklin D. Roosevelt which rightly shows the direction of efforts that depicts the right path of poverty eradication. Poverty is…
Free Market Capitalism for Sustainable Development Goals
Originally written for The Arthniti Essay Writing Competition. Prompt: Altruistic Capitalism or State Financing – The Way to Finance Sustainable Development Goals. The provision of binary options suggests that our choices are limited to the two, which is a misconception. This article attempts to address the limitations of the given options and suggest alternate solutions…
Expansionism : India, China and the Asian Century
Europe is yesterday’s hegemony, America is today’s and Asia will be the future’s. It’s a notion that eludes pride and buoyancy, but to what extent? The idea of ‘expansionism’ ran through the bloodstream of all our forefathers, but with the turn of each century, each country let go of this idea, except China, who still…
FASTag & The Future of Fare Collection
FASTag, based on Radio Frequency Identification technology to facilitate e-tolling, was made mandatory from February 16, 2021. First gaining prominence in December 2016, it is an easy tool of digitizing toll collections by means of automatic deduction of charges. However, the recent policy of making FASTag binding for vehicles has a far-reaching impact on India’s…
The Economics of Gift Cards
Have you wondered what is common among single-use appliances, cookbooks, and gift cards? Yes, they often go unutilised. They probably gather dust and take some place in your closet. Gift cards, both open-loop and closed-loop, are a convenient and suitable substitute for making payments. They act as a medium of exchange and store of value….
Good Economics and Good Incentives: A Symbiotic Relationship
Let’s take a stroll down memory lane. Well, memory lane is about 50,000 years ago, but in the grand scheme of things, a relatively recent occurrence. There once lived a ‘man’ (in modern day Iraq), who for our convenience was known as Shanidar-1, and he led a life full of physical deformities and ailments. Yet…
The ‘HOW’ Factor : Why Experiences Trump Everything Else
“Ease of use may be invisible but its absence sure isn’t” – IBM If you have ever lost anything (who has not?), you know what follows next. The pain of losing stuff is undeniable. Unfortunately, what can add salt to the injury is the unpleasant task of filing for a claim. (I, for one, can…
Economics Declassified 