The key takeaway from PM's speech on 31st December 2016 was except the scheme declared for pregnant mothers, all other schemes are interest rate subsidies. The housing scheme was kind of anticipated. PM has talked first about his vision of 'Housing for all by 2022' in his Madison square address. Then he reiterated the objective last month in one of his speeches. In today's speech, first definite measures have been announced towards achieving this objective. I think it's laudable, though I am slightly skeptical about wrong set of beneficiaries using the scheme and possible domino effects of using credit as main channel of boosting the growth. One wonders how exactly government is going balance the trick of maintaining government deficit vis-a-vis bearing burden of all subsidies. I think the gap between value of old invalid notes a...
Guiding light for the philosopher is the consistency or non-self contradicting nature of arguments. This blog attempts to see the issues under consideration from the lens of consistency and contradiction. The objective is to point out inconsistencies and contradiction. Sometimes, I might suggest a possible improvement, but it is not an imperative.