The Covid crisis has diverted attention from a major breakthrough that should leave all smiling. The latest auction for 400 MW of solar power, including storage, has been won by ReNew Power with a levelised tariff of Rs 3.52/unit over …
Cleaner, and now cheaper: Solar power beats coal Read More »
Out of this Covid-19 disaster comes privatisation, and other reforms After Prime Minister Narendra Modi’s announcement of a₹20 trillion revival package, and finance minister Nirmala Sitharaman’s elucidation of the measures in five instalments, the response was dismal. Sensex crashed by …
Beloved brothers and sisters, We have been struck by the worst tragedy since Independence. We shall overcome, with courage and resilience. But we must also change course in the light of experience. Colleagues and experts advised me to announce a …
India’s lockdown has been eased by dividing the country into red, orange and green zones, with high, medium and minimal infections so far, and correspondingly tough curbs on economic activity. This can at best be a very temporary measure. Beyond …
Lift restrictions in all zones by July, and just learn to live with corona Read More »
The most startling lesson from global experience is that shutdowns may be killing almost as many people as the Covid virus. The supposed cure is almost as bad as the disease. The Financial Times, London, analysed excess mortality in March …
I have castigated the government for curbing Chinese investments in India. Critics accuse me of endangering national security by espousing unhindered entry of a superpower that is not-so-friendly, if not an outright foe. Chinese companies are not normal foreign investors …
Let China invest. It gets us foreign policy leverage Read More »
Reversing liberalisation to counter the bogey of a Chinese takeover of India hurts one entity: India Panicky restrictions look defensible in the short run and ridiculous in the longer run. This is true of the government decision to scrutinise and …
Forget caution, India should rapidly ease the Covid shutdown to revive the economy. Otherwise it may suffer the worst of both worlds — economic collapse without checking the virus. At a Princeton University webinar last week, economics Nobel laureate Angus …
Ease shutdown or we may get worst of both worlds Read More »
Of US President Donald Trump’s many outrageous acts, few rival his threat to impose economic sanctions on India unless it lifts its ban on export of hydroxychloroquine — a drug used to combat malaria, lupus and auto-immune diseases — and …
While India will face inevitable economic headwinds, it must have a protection plan for its people Put on Your Seat Belts The coronavirus and lockdown-induced recession have fuelled huge distress in India. A third connected problem has been the crash …
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