Witness

Let us say I have a product which I can produce at a rate 10 per day. However there is demand for 15 units a day. Due to higher demand & lower availability, I can find 10 people who are ready to pay more to get my product on that day by paying higher price. So the price of my product will be proportionately higher compared to the delta in demand and supply. ==>What government does is it makes sure there is less money available with the people; so that there is lesser demand so the prices are in control. Keeping fiscal deficit within x % of GDP. So that inflation is low. ==>What RBI does is it makes sure that credit is available at an higher price. So people are discouraged from buying more There is another aspect that is completely ignored in textbook economics. i. I as a producer / consumer have to say pay money as a bribe. So as a producer I ll have to adjust that price in the cost of product. And as a consumer the product costs shoots up by that amou

The music is playing from my earphones and i have got one hour of a battery in laptop. This bearably hot evening i am on my train back to Bangalore from Udgir, my native. Humpi Link express, the train, is passing through some part of Andra Pradesh and its 4:47pm. In many Hindu rituals the priests pronounce the historic name of the area where the ritual is performed. I grew up listening to my being called as "Dandak Aranya". As it used to be called since Aryan time. Integral part of the Aryawarta - what we call Indian subcontinent. The Aryawarta as such is an island in every non-geographical sense, being surrounded by the Himalayan sea in the north and by the Indian Ocean, Arebean Sea and Bay of Bengal on the entire south. The stories from puranas tell the ancient stories related to the area - Dandak Aranya. It used to be a forest inhabiting extremely dangerous animals. This area was considered cursed, may be due to its inhospitality. On this day you rarely find a forest here.