The number of Indian families earning about $4500 to $22000 (Rs2,00000, Rs10,00000), which constitutes the middle class as per the World Bank’s definition of middle class in 1995-96 was 4.5 million per anum, the number of such households grew to 0.7 million in 2001-02. Now India has 28.4 million such families by 2009-10. One can say that the Indian families are growing rich, from poor or depraved families; they are traversing towards the middle income group range. Irrespective of the higher inflation rates, one can justifiably state that the number of high-income households in India has exceeded the number of low-income households and similar is the assertion of National Council of Applied Economic Research (NCAER). Continue reading

With the fall of silver in 1873, Indian Currency Committee suggested British India government to adopt for gold standard and in 1898 British government instead of adopting a Gold Exchange Standard, pegged Indian rupee with British sterling.
After Independence, Indian government started minting Indian coins (rupees); Indians thus never got a gold standard for representing their money
Now since last 63 years, Indians have so much used to the government issued currency, cycles of inflation and depression and always increasing price rise, that even talking about gold standard and private coinage seems to be impossible. Yet, since Indians were in habit of using private monometallic coins in past, it is imperative to discuss the issue of private coinage. Taking the premises of Freedom for everybody and the Self-Governance (Swaraj), which has been extolled by the Indians as a basic Mantra of life, let us examine the case of private currency carefully. Continue reading

A free society by definition is the society in which, each individual, i.e. the basic unit of the structure of society remains to pursue his personal pursuit of happiness, where he is free to achieve his most using his talent and hard-work and saved resources. Obviously, such a society depends on rational pursuit of self-interest and provides full freedom for the individuals from the shackles of social responsibility or altruistic motives.
Often socialists claim that such a free laissez-faire capitalist society will turn out to be a system of dog race where no one will look for the poor, the impoverished an the depraved. Furthermore, socialists claim that for a poverty-free society, compulsory altruism is most necessary, where the producers and creators who can produce wealth, must be forced to pay for the living of the poor and depraved. Continue reading

The two major political propagandas of Indian political parties are “Education for All” and “Electricity for everyone at every Village”. Despite all the technical advancements government failed to provide electricity for every village of India, not only that, government failed to provide incessant electricity to any city too. India suffers acute electric shortage. Most of the cities suffer brownouts. Generally, any common city or town of India suffers electric cuts for 4-6 hours daily, while some more industrial cities and towns of India (like that of cities of Uttar Pradesh) suffers acute blackouts for even 12 hours a day.
It would be nothing new to stress again that it is impossible for any government to ensure and provide anything like “Free-education” or “Free-electricity” as citizen’s rights in any condition. As it is impossible, governments are bound to fail to meet such promises.
The Destruction of Power Sector under Government Continue reading

Jungles and forests are the backbone of a society not only because of their economical importance, as they are natural wealth, but also because of their importance in maintaining ecological equilibrium. Trees and forests helps in formulating the seasons, they acts as cleanser of the air surrounding human society and helps in maintaining ground water levels and water cycle too.
According to the latest state of forests report of the Forest Survey of India the actual forest cover of India is 19.27% of the geographic area. Literary, India has to meet the needs of 16% of the world’s population from 1% of the world forest resources. The same forest has also to cater for the 19% of the world cattle population. The figures themselves signifies the abysmal position and points out the extreme scarcity of forests and the need for proper conservation of forest wealth. Continue reading

For those who went to public schools in America, perhaps you can remember being excited your first day. Although anxious, I was invigorated by the idea of learning, of getting away my mothers knees, being turned out into what seemed like a vast new world of unlimited opportunity where I would learn how to be an adult, how to discern good information from bad, and how to use my faculties to become the best person I could be. I was excited to prove myself to the world and to myself, to know all of my colors, letters and numbers, and whatever came after that. At this age, school was what you expected it to be. Continue reading

The theme of a democratic government unalterably remains as Government of people, by the people and for the people. Democracy provides a government that is subject to the will of people, yet the fact is it submerges the power of an individual to decide for his life in the colossal mass of the voters. The Individual citizen becomes insignificant with no authority to govern his life, and no say in the policies decided by government. Thus, the assertion of socialists supporting the interventions and regulation of government in market, that “the government is still controlled by us” becomes a mockery. Continue reading

How Anarchy Would Work
Insurance companies would either sell defense or maintain proximity with Defense Companies. If we both are customers of Reliance Defense Company, and a dispute between us occurs, the dispute would be submitted to the court of Reliance Defense company, or a court patronized by Reliance Defense Company. The decision of the court would be respected. If you are found guilty, the Reliance Defense Company, or its Insurance Company would compensate me for the damages done by you. It will be then the task of Reliance Defense Company to get back their money by putting you in a debtor workhouse (prison) or by garnishing your wages. I, the Defense Company, and the Insurance Company would be in a position of inconvenience due to the damages caused by you. Continue reading

Like all of the other major industrialized countries, India also have a Universal Health Care System run by the state and central government. The governmental hospitals provide health care to the masses at the tax-payer expense. Most important drugs are often provided free of charge. Obviously, on papers, nothing can seem any better than the universalized health care system. Universal Health Care system is the proposed health care facility for all the eligible residents of a political region, and the costs of the treatment and care are borne by the government funded program, that is by the tax-payers money.
Somehow, government establishes the idea that the health care is a sort of fundamental right for the citizens and it is governmental duty of the system to provide health care facilities; obviously, the tax-payers need to pay for that duty. Continue reading

In an investigative report covered by a television channel, Chennai private colleges were shown where Taliban-style rules were enforced on the students. There is so much segregation among guys and girls that to an American citizen it is going to be reminded of the Jim Crow laws era when blacks and whites were made to attend school separately.

This did not come to me as news, I had friends from those universities who told me about these things years ago. I went to a much more liberal private college so all those things came as a big shock to me. I was told that if a guy was found talking to a girl, he was fined(not always through money, but through social service etc etc). Continue reading