Some of the Best Casinos Across the Globe
Prior to the worldwide economic downturn, the global casino industry was surging ahead, seemingly unstoppable. Growth records were set between 2004 and 2008, with gross gaming revenues jumping 24% during these four years to US$358.0 billion.
Go Goa!!!
Which city has the highest per capita income? Some would say New Delhi. After all, it is the capital of the country. Maybe you would think Mumbai – the business capital of India. No, it is neither. You may be surprised to know that Goa has the highest per capita income, according to a report released by the Ministry of Statistics and Programme Implementation in May 2012. With its per capita income at Rs. 1,92,652, Goa is way ahead of the national average of Rs. 60,972 (more than three times the national average figure!).
Go Goa!!!
Which city has the highest per capita income? Some would say New Delhi. After all, it is the capital of the country. Maybe you would think Mumbai – the business capital of India. No, it is neither. You may be surprised to know that Goa has the highest per capita income, according to a report released by the Ministry of Statistics and Programme Implementation in May 2012. With its per capita income at Rs. 1,92,652, Goa is way ahead of the national average of Rs. 60,972 (more than three times the national average figure!).
Gambling – A Boon or A Curse?
Gambling in India seems to have a negative connotation. The very mention of the word conjures up images of people losing their life’s earnings (and even their wife… courtesy The Mahabharata). Gambling is perceived as an addiction that could lead to misery. Is that what gambling is all about?
Sweden Holds Lessons for Indian Economy
It was not long ago when a small country in northern Europe – Sweden – exemplified a perfect example of Keynesian economics. The country stuck to the context of welfare state and had no plans to move towards free market economy. However, the country woke up just in time to realise the importance of free markets.
The $1.5 Trillion That Could Have Been Ours
From being an economic powerhouse of the Middle Ages to a third world country in the 21st century, India has surely come a long way… BACK, that is. And it is not without reason that corruption is regarded as the harbinger of poverty in the country. Sample this: In 2006, a Swiss Banking Association Report said that “India has more black money than the rest of the world combined.” Unofficial reports estimate the total sum to be more that a whopping $1,456 billion in black money in Swiss banks. The question to ask is why Indian money goes to the Swiss and not the other way round.
Can India Ever Progress?
“Dinesh Trivedi’s budget has caused a political storm, after…Trinamool Congress asked him to withdraw the hike or quit…The Trinamool Congress, termed across-the-board passenger fare hikes as a ‘hostile act’.”– Economic Times, March 15, 2012
Democracy after Capitalism or Capitalism after Democracy?
Democracy after Capitalism or Capitalism after Democracy? Does the order really matter? This is a question I have always wondered about. Democracy and capitalism have always been thought in the same light. Irrespective of the order, the very coexistence
Can India Become the Gambling Bowl of the World?
To be able to answer this question, let’s conduct a small tour across the only two states in India which boasts of casinos.
Government Regulations Hamper Growth of Small Businesses
Being an ardent supporter of the free market, I had always known that government interventions curb entrepreneurs’ innovativeness, thus leading to fewer opportunities for all. Data from the World Bank Group Entrepreneurship Survey (2008) proves it. World Bank economists
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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