Archive for the ‘economics’ Category
Economic Reforms in India
“India is shining” and “India is rising” are the slogans by various political parties in India to highlight the achievements of the economic reforms initiated in India in 1991.The economic reforms initiated in 1991 are also known as the new economic policy-1991.These reforms were initiated by then prime minister late sri P.V.Narasimha rao under the finance minister ship of the present prime minister,sri.Dr.Manmohan Singh.These reforms were initiated with the hope of transformimg India into a developed nation from a developing nation.The economic growth and economic development of a nation depend on the economic policies of the government,the availability of natural resources,the quality and the quantity of the population,the availability of efficient technology and the availability of credit and proficient and efficient management.In other words these are Read the rest of this entry »
No CommentsThe History of the Eurodollar Market in the 1960s
THE HISTORY OF THE EURODOLLAR MARKET IN THE 1960s
(A CHRONOLOGICAL ACCOUNT)
Introduction
The Euro-dollar market* was in fact, and is indeed today, an international wholesale market in money, involving Euro-sterling and other national currencies such as Swiss franc and to a lesser degree the other major European currencies. This paper will briefly outline in a chronological order how the Euro-dollar market developed during the first five years of the 1960s. As these markets had one thing in common, the fact that they existed in centres foreign to the natural habitat of the currency concerned. US restrictions, such as Regulation Q of the Federal Reserve System limited the rates that may be paid to depositors, whether domestic Read the rest of this entry »
No CommentsMoney and Christianity
It is very important for us to study closely what the Bible says about money and from there we will see that Socialism or Communism does not quite achieve the sort of prosperity that God has promised each man. Firstly, we need to understand that at the core of Socialist thinking from Marx all the way through to Stalin and Mao, God is not the primary focus of their ideology. Instead it is Man and the collective need for social cohesion and harmony among everyone.
When we examine the reality of Communist countries many are dictatorships and have failed to bring about widespread social economic development that the promised, instead the brought about extreme poverty in Africa and Read the rest of this entry »
No CommentsDemocracy in India
Articles for global circulation.
Dalip Singh Wasan, Advocate,
101-C Vikas Colony, Patiala-147003 India.
Democracy in India.
Dalip Singh Wasan, Advocate,
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