India’s Rank Improves in the Human Freedom Index; But Still a Long Way to Go
Do you enjoy freedom in your country? The term “freedom” is so vast and relative that you may not have a definite “yes” or “no” answer. Well, you don’t need to wonder. The latest Human Freedom Index (HFI) report of 2017
Continue to Bet on the Global Casino Industry: A Look at 2017 and Expectations for 2018
The global casino industry has staged continued growth for years, even in the face of adversity. Hiccups such as the 2008 housing crisis in the US, Europe’s debt crisis in 2010 and China’s financial crisis in 2017 have been offset
India is on the Brink of Unmatched Growth; What’s Holding It Back?
India is an economy whose time has long come. People were yearning for change and emerged with great hope from the shackles of a lethargic and indecisive government. Although progress has been made in the right direction, there are things that are
Allow FDI, in Retail Too!
The inclination of the Modi government is to open India for foreign investment. It is undeniable that Modi has done a masterful job in selling India, abroad. He has rightfully invited one and all to invest in
Should Gambling be Illegal?
Gambling is an addiction and governments should deem casinos illegal. While many believe in this statement, it is demeaning and ridiculous on so many levels.
Currency Ban, Beef Ban, Alcohol Ban. Doing Business in the Current Indian Environment
“Ban” seems to be the buzzword in India right now. One would have imagined a widespread uproar against the recent initiatives being taken. After all, Indians are fiercely free willed. On the contrary, the sentiment
The Road to Serfdom is Paved with Good Intentions
The Road to Serfdom is a singularly influential book published in 1944. The book was written by the Nobel Prize-winning economist Friedrich Hayek and is probably the single most popular book on economic theory to be read and known, thanks to the Reader’s
Landmark GST Bill Opens India to a Common Market System
Somewhere along the path of errors comes a cumulative benefit. India has passed the much-awaited Goods and Services Tax (GST). The Indian Parliament voted 197 in favour of this bill with none against in the Rajya Sabaha. This bill is being hailed as a landmark tax reform and the biggest since Independence. Under the new bill, the existing system of Value Added Tax (VAT)
Sharad Joshi: An Economist Who Worked for India’s Farmers
Exiting 2015, India lost one of her free market champions, Sharad Anantarao Joshi. At a time when farmer suicides are becoming rampant across the nation, someone like Joshi, with his ideas for agriculture, will be sorely missed. Many have called
What Lies in Store for the Indian Economy?
In an interview with Indian Express, in November 2015, Finance Minister Arun Jaitley said, “The biggest strength of India and the silver lining is its resilience. Our systematic firewalls have to be such that the ability to resist the
Rakesh Wadhwa. Ever since, I was a school boy, I knew India was on the wrong path. Socialism was just not what we needed to get ahead. Government controlled our travel; government controlled our ability to buy and sell; and government controlled our freedom to move our money. My life has focused on the inherent rights people have. When I was in college, I never understood, what the governments meant by their "socialistic attitude". If people are free to buy, sell and move their capital themselves without any restrictions by state, then the welfare of people is inevitable & hence the countries they live in will become wealthy. The government has no right whatsoever, to point a finger at me or my business. I am not a revolutionary. I just want to light up my cigarette and not get nagged about it. I believe in non-interfering attitude to attain more. 
The Bastiat Award is a journalism award, given annually by the International Policy Network, London. Bastiat Prize entries are judged on intellectual content, the persuasiveness of the language used and the type of publication in which they appear. Rakesh Wadhwa won the 3rd prize (a cash award of $1,000 and a candlestick), in 2006.
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