Category: Finance

Demonetization and Fiscal Deficit

PM Modi's "Surgical Strike on Black Money" on 8th November 2016 surprised the whole nation. Things are still chaotic after 3 days and will remain so at least for a few weeks. Many messages and articles are being written about the effects of this huge demonetization initiative. One of the messages said: "Government of India is... Continue Reading →

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Microfinance – Organized usury?

Just a few days ago (on 25th July) I saw an interview of Shyam Sekhar (Twitter:@shyamsek, FaceBook: https://www.facebook.com/shyamsek) where he said: "Microfinance is organized usury. Wouldn't give a P/E multiple to usury".   Yesterday, in less than a week, Ujjivan Financial Services - a microfinance company that was recently listed on exchanges, announced that their net... Continue Reading →

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