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Synopsis The licence raj, which involved an elaborate system of licences and regulations that were required to set up and run businesses in the country, was dismantled with the liberalisation policy introduced in 1991. Agencies Income inequality issue is a severe one in India. If the USA has an extremely hard time to tackle extreme inequality, then I got to worry about India, he observed. India should not go back to the licence raj regime and the country should have a deliberate policy for fostering industries, Nobel prize-winning economist Paul Krugman said on Monday. Addressing a virtual event organised by Ashoka University, Krugman further said the income inequality issue is a severe one in India. ....
Bernard Weil/Toronto Star/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Fred Stanske runs three behaviorally driven funds for Fuller & Thaler Asset Management. The firm, co-founded by Richard Thaler, capitalizes on investor biases to find missed opportunities. Stanske shares two mispriced, under-the-radar stocks amid rising irrational behavior in the market. With the ever-increasing bitcoin craze, SPAC boom, and retail trading fervor, Fred Stanske is seeing a lot of irrational investor behavior. But that s not necessarily bad for Stanske, who manages the $4.3 billion small-cap equity fund, $96 million small-cap growth fund, and $12.7 million micro-cap equity fund for Fuller & Thaler Asset Management, the behavioral investing firm co-founded by Nobel prize winner Richard Thaler. ....