Don\’t fear neo-protectionism
A wave of protectionism is evident in the USA . Indiana state has just cancelled a $ 15 million software contract awarded to Tata Constancy Services and shifted it to a local company to keep jobs in the state. Curbs …
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Don\’t fear neo-protectionism
A wave of protectionism is evident in the USA . Indiana state has just cancelled a $ 15 million software contract awarded to Tata Constancy Services and shifted it to a local company to keep jobs in the state. Curbs …
Wall Street scams: Are we any worse?
Not long ago, we got endless lectures from foreign investors and fund managers on how corrupt and shady Indian market practices were, and how these had to be transformed if India was to attract any money from abroad. There is …
How little Iraq matters
The American occupation of Iraq is going badly, 22 Americans have been killed in two helicopter ambushes, and no end is in sight to guerrilla warfare and its human toll. Many Indians believe that will sink the political chances of …
Miraculous effects of a rising rupee
Suddenly, euphoric predictions for the Indian economy are proliferating. Goldman Sachs, the global investment company, says India will become the third biggest economy in the world after China and the USA by 2050, dwarfing Japan and Germany . Vijay Kelkar, …
What constitutes odious debt?
The United States is desperately trying to persuade all countries (including poor ones like Vietnam) to contribute something for the reconstruction of Iraq. This implies that much of Iraq’s old debt of $134 billion will be written off. Some analysts …
Unconstitutional, illegal, immoral strikes
The Supreme Court has held that trade unions do not have a constitutional, legal, or moral right to strike. I am not surprised that trade unions at the recent Indian Labour Conference denounced the verdict. But I was surprised that …
Powerpack: How to be global No 1
We cheer Indian companies that hold their own against multinational corporations. But, to the best of my knowledge, only one Indian company is No 1 in the world in its field. It is not Reliance, nor any Tata or Birla …
The case for currency appreciation
Should India stop accumulating reserves so rapidly and let the rupee appreciate against the dollar? Absolutely, said IMF chief economist Kenneth Rogoff when he visited India recently. He gave similar advice to all emerging Asian economies at the annual meeting …
Ulysses vs Narendra Modi
Once a decade or so, a book comes along that is so clear and insightful that people instantly recognise it as a masterpiece. The Future of Freedom by Fareed Zakaria is one such. It tears to pieces romantic notions of …
