Sunday, April 21, 2019

Management and Regulators Failed Jet Airways

A popular saying says, ‘History repeats itself’. The way Jet Airways has asked to bring down the operations, it confirms. However the official version of Directorate General of Civil Aviation (DGCA) order terms it as temporary order but there is a rare possibility that it would ever be back in the air again. The way events are unfolding, it seems that Jet Airways would have the same fate as of the Kingfisher’s. In the similar fashion, Kingfisher was temporarily brought down by the DGCA in 2012 and it could never fly back in the air. If we compare both cases, the reasons are found to be the very same; the unsustainable huge amount of debt in the books of account.

Sunday, April 14, 2019

Dr. B. R. Ambedkar: A Forgotten Economist

Dr B. R. Ambedkar had published four important works in economics; three books and one research article. These publications are Administration and Finance of the East India Company, The Evolution of the Public Finance in British India, The Problem of Rupee: Its Origin and Solution and Small Holding in India and their Remedies. These works deal with the centre-state relationship, public finance, monetary economics, foreign exchange mechanism and small land holing problems in India. 

Though all the Dr. Ambedkar's views and ideas on various economic matters are not relevant today but were important in those circumstances. However even today, some of his views on small land holdings, state-centre relationship, fiscal discipline, price stability, disguised unemployment and saving in the economy are still relevant.