‘Hello Subra will you do a post for the Budget?’ Me: No. Media house: Why? Me: The Budget is a media event, NOT what the public want. MH: Subra, everybody wants to know what will happen to the country in the next financial year. Me: Complete nonsense. We are a victim of HABITS. The English […]
The Central Government has something called a fiscal deficit. This has to be funded. The market borrowing of the Central Government is met by issuing dated securities (called G Sec) and 364 day Treasury Bills. This is normally done by issue of a slew of G Secs, T bills, by holding auctions. Money is raised […]
As far as my view on the economy is concerned, frankly it does not matter. Here I am with Peter Lynch – if I spend 10 minutes on finding out how the economy is doing, I think I have wasted 7 minutes at least. However there is too much media, student, colleagues, friends pressure to […]