September 2021 - Ecostar Business

Thirty years of reform, the centenary of the reformer Rao

September 29, 20211845 Views0

India’s 30-year journey on the reform highway has been an impressive haul. Though the potholes and gutters on the highway slowed the progress, India is now moving faster, whatever may be the counter-argument. In Indian history, no government did so much for the economic changes as the Narasimha Rao government and the Vajpayee government did. The interim period between these two governments was an era of peacetime disaster. There were two governments between the era of Rajiv Gandhi and P V Narasimha Rao. Both the governments were also disasters for the country. These two interim periods between three strong governments pulled India many decades back. That showed how political instability could make the national economy worse. The fight for power and position overrode economic inter...

BlogSajikumar Nair

The fear of the third wave erodes

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September 29, 20212362 Views0

The world has begun to learn to live with the virus. People are coming out of their fear. Enough is enough. The time is up to bid farewell to the pandemic. The so-called second wave disappeared months ago. The media is shifting its attention from Covid-19 chaos to vaccination progress. Other interesting political matters like changing State governments and the Afghan crisis shadowed experts’ free advice on Covid-19. Their interest may resurface only when they spot something that can change their fortunes. The virus has become weaker for the time being. When Covid-19 began to part its way by winter last year after an onslaught in early summer, the second wave stormed again in the following summer. No one thought the Covid-19 would resurface with a rage. That was the time people beg...

BlogSajikumar Nair

The currencies ruin the life

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September 22, 20211924 Views0

Today, we can’t imagine a world without money, a legal tender against liabilities. It has struck us so deeply to thrust us into hell. We allowed it to overpower us. In the calendar of human existence, currency, as a legal tender, is only a few days old. It is the discovery of the modern world. It may sound strange! After the discovery of money, we have kept aside all other priorities in life, bringing a drastic change for the worst, perhaps. In one of her beautiful stories, Sudha Murthy mentioned a barter system existing in some parts of Karnataka. Until then, I hadn't heard of such a most common and simple trading system in any part of India or any corner of the world. I would have happily chosen that place to live the rest of my life. Karnataka is one of the states that has ...

BlogSajikumar Nair

Does the US practise “Hammurabi” law?

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September 4, 20212285 Views0

The US soldiers returned home with 13 dead bodies and scores of injured ones after 20 years of Afghan invasion. Trillions of dollars-worth military junks in the Afghan junkyard tells the saga of a futile war that the most powerful one in the world led. War for the sake of war made the US back to square one in a typical characteristic of the human species. For the first time in history, the US got a tight slap on their ego. The left-over uniforms, weapons, helicopters, vehicles, etc are laughing at the most powerful country on earth. At least for some time, they will not interfere in the internal matters of other countries. Maybe, that was the first time a US president cried in front of the media for killing soldiers by its "friendly" foe. When 13 US soldiers died, more than 15...