cafeconomics

 Far too often, citizens blame governments for insensitivity and insufficiency but it is too easy to play the blame game. A large part of government spending goes towards food, fertilizers and fuel subsidies. Other benefits in the form of welfare schemes or reservations also burden the government exchequer either directly or indirectly. In fact, subsidizing is a critical poll issue in India - governments are scared of cutting down subsidies, lest, they end up on the losing side. By God's grace and our own good work some of us have managed to reach a position of good economic stability and abundance. And we may not need any benefits or concessions due to our economic status. There are other people standing in the queue behind you who are in genuine need of help from government. The least we can do is to weed out unwanted benefits. Remember that symbolism does not always transform into economic results. So as citizens let us promise ourselves to sacrifice unnecessary subsidies and re

 The importance of education in enhancing the quality of human resource in particular and the overall welfare of the economy does not have to be overstated. Sometimes the benefits of a good education system may not be reaped in the short term, but nevertheless, an educated work force is at the center of a prosperous economy.  In this context, it is to be noted that educational loans are not sanctioned without collateral till today which is very unfortunate. Just compare the millions of bucks of corporate defaults to the default rate of educational loans. The credit performance of educational loans is expected to be much better due to the diversification of risk. Moreover, you don't have to do it for free, educational loans without collateral can be issued at higher interest rates to cover the additional risk. So it is a win-win situation for both the lenders and borrowers. Plus you can maintain centralized databases to avoid willful default.  All public and private lending institut