The PM asserts “Cinq credits : on doit garder un certain niveau ”

Ki niveau li pé causé ?

They are good at implementing populist policies not at carrying out crucial reforms, and least of all , reforming an ossified and dysfunctional education system.

PADA Bluffs ! : An economist’s comment

He is misleading the Public about the State of the Economy

The Minister of Finance has recently tried to paint a rosy picture of the economy, by misrepresenting the facts and misleading the population.

“Une brève histoire de l'égalité” by Thomas Piketty

Interesting interview of Thomas Piketty by AFP reproduced in today’s l’express in the context of the release of his new book ‘Une brève histoire de l'égalité”.

The LP leader shows equal biasedness as in the Britam report…

In his press conference the LP leader was all out in defending his main financier, the BAI . He gave some concrete examples of “the politics of revenge” , the vengeful act that led to the destruction of the BAI. The closure of the BAI group and revocation of Bramer Bank’s licence following persistent liquidity and regulatory capital shortages was indeed mismanaged. He gave some examples of the efforts undertaken by BAI ,when he was PM, to comply to concentration limits in related party investments etc..

Joining the gangster capitalists and cronies

To my daughter,

Sorry dear, I think I will not be able to make it to your place this winter. There are developments here, things are brightening up for us and it could be a game changer …I have been able to work my way up the higher echelons of Lakwizinn… it's a govt within a govt ; a Lakwizinn with untrammelled powers ; I think my recent claim to royal lineage has helped ; my contention that my forefathers are of Punjab descent related to the Sikh Maharaja Ranjit Singh is bearing fruits …..

A new variant of capitalism has emerged:The Mauritian variant ?

Please find below some relevant extracts from a very interesting recent article in "The Guardian" which claims that alongside the new variants of the virus there has been a new variant of global capitalism. 

Pension Populism: Reaping the dividends in 2024 !!!

All concerned economists , analysts and international agencies, including the IMF and the WB, were expecting a thorough reform of our pension system that would be setting the level and the gradual increase of benefits in a fiscally sustainable manner, while ensuring equity between public and private sector employees and freeing resources for more of pro-poor spending.(The recent WB’s CEM affirms that the targeted measures under Marshall Plan Social programme generated a more equal distribution of income and was superior to untargeted transfers because they could achieve the same degree of poverty and inequality reduction with fewer resources. Precisely, the same decline in the Gini index could be obtained by spending only 29 percent of the current BRP expenditure if it was targeted to the poor.)