The Times of India

Why Enron cut its Price

It looks as though the Enron drama is going to have a happy ending. Many details of the re-, negotiation are secret, but certainly the total project cost has been stashed, its size has been expanded, and the levelised power …

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How to Liberalise NGOs

A part from the government and business, non-government organisation (NGOs) are rising as a third major force in the socio-economic scene. We have 20,000 to 30,000 NGOs handling around Rs 3,000 crores per year, two-thirds from foreign donors and most …

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Ghandiji versus Darvin

Another Gandhi, Jayanti has arrived. The great man’s ideals have largely been forgotten. The one saying of his that has suddenly become fashionable, and is repeated endlessly by the greens, is that nature has enough for everybody\’s need but not …

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More Export, less Taxes

Much of the economic reforms so far have been half-baked, but in one area our economic structure has truly been transformed. Exports, which used to be only 5 per cent of gross national product (GNP) in the 1980s, have now …

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The high Cost of Mr Munde

Dear Mr Gopinath Munde, As head of the committee that suggested scrapping the Dabhol project of Enron, you must be a happy man today. We all agree with you on the need for transparency. But surely transparency demands that your …

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Slaves To Tandoori Socialism

It\’s official, straight from the horse\’s mouth. At a training camp for Congress Party workers, Prime Minister Narasimha Rao bemoaned the fact that his partymen had become slaves to power and alienated from the people. Voters have known this for …

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The End of Capitalism

Forbes, the US magazine, has just produced its annual list of the wealthiest people in the world, and the top position goes to Mr Bill Gates. This whizz-kid\’s computer software company, Microsoft, started as a subcontractor to IBM and soon …

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