Communists will celebrate the centenary of the Russian Revolution of 1917 as a triumph of workers and peasants. In fact it owed much to a German diplomatic plot, executed through an armed coup by Lenin. In World War I, Germany …
The government is rescuing bust public sector banks with Rs 135,000 crore of recapitalisation bonds as part of a Rs 211,000-crore package. RBI governor Urjit Patel calls this “a monumental step“. It could more accu rately be called a decision …
Bailout to banks is not going to cure bad behaviour Read More »
Don\’t phase elections over weeks. Hold simultaneous polls on one day The Election Commission (EC) is one of the most respected institutions in India. Its impartiality is essential to ensure that democra cy is free and fair, and this has …
Dear Narendra Modi, You protested recently that some people sleep well only after spreading pessimism all round. Rahul Gandhi responded by highlighting global pessimism: India has slipped to 110th among 119 countries in the Global Hunger Index of IFPRI (International …
5 ways to combat pessimism about the hunger index Read More »
How Thomas Piketty\’s selective use of tax data exaggerates India\’s inequalities My last Swaminomics column (`Fantastically Rising Inequality? Piketty Has Got It Wrong\’, TOI, goo.gl8X7GpB) addressed the claim of Lucas Chancel and Thomas Piketty , guru of inequality , that …
Inequality is measured by the Gini coefficient, ranging from zero for total equality to 1 for total inequality. Consumption surveys of the National Sample Survey Organisation show a modest Gini increase from 0.3 in 1983 to 0.36 in 2011-12. Businesses …
Fantastically rising inequality? Piketty has got it wrong Read More »
New Delhi has been abuzz with talk of a big fiscal spending package of maybe Rs 40,000 crore to `kick-start\’ the economy, which has slowed for five quarters in a row. Adding to the excitement has been the virulent castigation …
Dear FM, Yashwant Sinha is wrong so don\’t be tempted by a fiscal quick-fix Read More »
New Delhi has been abuzz with talk of a big fiscal spending package of maybe Rs 40,000 crore to `kick-start\’ the economy, which has slowed for five quarters in a row. Adding to the excitement has been the virulent castigation …
Dear FM, Yashwant Sinha is wrong so don\’t be tempted by a fiscal quick-fix Read More »
Till now, the business phrase “exit policy“ meant the exit of workers, to allow owners to survive and flourish. Now, for the first time, India has an exit policy for owners that allows workers to survive and flourish. If it …
New exit policy where defaulting industrialists go, workers stay is welcome Read More »
Most of the ousted tribals are flourishing and loving it, thank you, activists Aretribals fundamentally dif ferent? Do they need protec tion from modernisation? Some activists say econom ic development and modernisation are disastrous for tribals.Many tribals, simple and heart-warming, …
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