Praxeology: My Reflexions on India

Last night in a surprising and an unexpected move PM Narendra Modi appeared on the national television and started announcing that his government overnight is going to ban the use of old 500 and 1000 rupee notes. In his own words, those notes will no longer be the legal tender; they will be just pieces of paper.The communique from the department of economic affairs stated the goals of this move: With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities such as espionage, smuggling of arms, drugs and other contrabands into India, and for eliminating Black Money which casts a long shadow of parallel economy on our real economy, it has been decided to cancel the legal tender character of the High Denomination bank notes of Rs.500 and Rs.1000 denominations issued by RBI till now. This will take effect from the expiry of the 8th November, 2016. So the Modi government wants to tackle terrorism a...

Indian nation state's prime minister Narendra Modi, while celebrating Diwali with soldiers at the North-Eastern front, said that, “Because you guard our borders, people sleep at night. If you were not on the borders, people couldn’t have slept.” The war hysteria is at its peak in India after the so-called "surgical strikes" by the Modi government along the LoC. Mainstream news media and the ruling government BJP's ministers are constantly beating the drums of war to secure votes at the home front in coming crucial state elections in Gujarat and Uttar Pradesh. A kind of mini war has already started between the Indian and Pakistani nation state armed forces on the borders of Jammy & Kashmir. Everyday soldiers of these nation states are dying on both sides of the border. Anytime this war can spread in the rest of the regions and the whole country. The above statement of PM Modi came in the wake of this background conditions. When the war drums are beating it is n...