The slowdown in the economy and consequential slippage in the tax collection are likely to increase the government\’s market borrowings in this fiscal. In an overall situation, this might not be a good news for the investors, but in short […]
The death-knail of debt trap Read More »
Humans love horror stories, which is why R.L. Stine is a best-selling author. So I am not surprised by the popularity of horror stories being invented about genetically modified (GM) foods and cotton. A recent news item says, in apocalyptic
The threat of green fascism Read More »
I recently read a newspaper report about various ministers not paying their telephone, electricity and rental bills. It was a small news item, not deemed to be of much importance. So many Ministers have failed to pay such bills for
The Culture of Non-Payment Read More »
WHEN I wrote two weeks ago in this column about some blunders Enron had made in India, some readers asked if I had changed my mind. We thought you were pro-Enron, they said, so have you turned anti-Enron? I find
Of power and potatoes Read More »
The Dabhol saga goes on and on. Most commentators think that Enron took Maharashtra officials for a ride. This is partly true. But it is equally true that Dabhol is a bad deal for Enron. Enron\’s first blunder was to
The many Blunders of Enron Read More »
The last Pay Commission award increased the salaries of government staff by almost 2 per cent of GDP, a wage explosion that sent most states deep into the red. Yet a potentially greater problem is the explosive growth of pensions.
Taming the Pensions Explosion Read More »
CHENNAI: India has set an ambitious $50 billion target for its textile exports by 2010, union minister of state for textiles Dhananjaya Kumar said on Saturday. This would be achieved through \”modernisation of production process, value addition, increasing productivity and
$50 B Target Set For Textile Exports By 2010 Read More »
THE CONGRESS party has done rather well in the state elections, but Sonia Gandhi looks unlikely to come to power at the Centre. The BJP has done rather badly in the state elections, but Atal Bihari Vajpayee can still hope
Vajpayee can still smile Read More »
Till recently, a slump in industrial production meant an economic recession and great social pain. Not any more, though. Industrial growth in India declined to just 0.6 per cent in February and 1.3 per cent in March, among the lowest
Recessions have become Tamer Read More »
INDIAN industrial growth plunged to just 0.6 per cent in February, the lowest level for years. This has led to a search for deep explanations and culprits. Some blame high interest rates, others blame stock market shenanigans, still others blame
February the Cruellest Month Read More »
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