It\’s the alliances, stupid
The Congress engineered the right alliances in the right places and so won many more seats with fewer votes. The opposite was true of the BJP, argues Many reasons have been given in the media for the poll outcome — …
Articles
It\’s the alliances, stupid
The Congress engineered the right alliances in the right places and so won many more seats with fewer votes. The opposite was true of the BJP, argues Many reasons have been given in the media for the poll outcome — …
A vote against misgovernance
You think nobody saw that the BJP might lose the election? Allow me to quote from the \’Swaminomics\’ I wrote in December, after the NDA swept State Assembly polls in Rajasthan, Madhya Pradesh and Chhattisgarh. It took the shape of …
General Dyer in Iraq
Imperial Western projects to bring civilisation to the East through a White Man\’s Burden have a typical unplanned side-effect. The would-be civilisers find that the Easterners resist forced civilisation, and inflict heavy casualties. The civilisers retaliate, and some of them …
Lessons from Punjab for US
Osama bin Laden must be delighted with American quasi-imperialism in Iraq. Instead of quashing terrorism, the US has surely created more terrorists. US troops in the restive city of Fallujah. This will worsen Islamic militancy in other countries, including India. …
How original sin affects India
Original sin, once just a Christian doctrine, has now become an economic concept too thanks to economists like Barry Eichengreen, Ricardo Hausmann, Panizzi and Roberto Rigobon. It refers to the inability of developing countries like India to raise foreign loans …
Wanted: A non-forgiving fund
Aid to developing countries has long been dominated by the World Bank and the International Mone-tary Fund. But they have failed for so long in a group of Heavy Indebted Poor Countries (HIPCs) that additional aid has simply meant additional …
Billions from ageing countries
The government likes to point to the booming stock market as evidence of Shining India. But the boom has been driven overwhelmingly by foreign institutional investors (FIIs). They poured in a record $7.6 billion in 2003 and another $4.12 billion …
How reforms cause fiscal deficits
An important contribution to the ongoing debate on the fiscal deficit has been made by Brian Pinto and Farah Zahir in a recent article in Economic and Political Weekly. They do not cry wolf about high fiscal deficits causing another …
R&D: India\’s new star industry
Biotechnology has made Kiran Shaw Mazumdar the richest woman in India . The public issue of her biotechnology company, Biocon, debuted in the stock market this week at Rs 312 and quickly soared to Rs 580. Her personal stake in …
