H.R. 627 The Credit Card Act of 2009 is a sweeping reform of credit card law. Many consumers are concerned over how this act will affect their spending capacity throughout the new year. The act is called into effect in February, meaning consumers will have very little time to determine how to use the act [...]

Ann Elk: Where? Oh, what is my theory? This is it. My theory that belongs to me is as follows. This is how it goes. The next thing I’m going to say is my theory. Ready?
TV Interviewer: Yes.
Ann Elk: … This theory goes as follows and begins now. All brontosauruses are thin at one end; [...]

Shifting away from central planning
Traditionally, Indian socialism has involved government control of all aspects of financial products or processes. As an example, government specified the time of day at which trading starts and the time of day where it stops. The RBI committee process on currency futures and interest rate futures specified that trading must [...]

MOF has setup a working group on foreign investment:
To review the existing policy on foreign inflows, other than Foreign Direct Investment (FDI), such as foreign portfolio investments by Foreign institutional investors (FIIs)/ Non Resident Indians (NRIs) and other foreign investments like Foreign Venture Capital Investor (FVCI) and Private equity entities and suggesting rationalisation of [...]

“Government is the great fiction through which everybody endeavors to live at the expense of everybody else.” – Frederic Bastiat

Pundits, pontificators and plebeians all have polarized around the issue of national healthcare. Many have spoken wisely on the pros and cons of the proposed system, a heartening fact given the relative deafening [...]

Somasekhar Sundaresan has written in Business Standard on the proposed Financial Services Appellate Tribunal (FSAT). Deepshikha Sikarwar has written in Economic Times on the proposed movement towards Regulatory Impact Assessment (RIA). These ideas come from the Mistry and Rajan reports.
These words — financial services appellate tribunal; regulatory impact assessment — sound like true bureaucratese, and [...]