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Free the police of political control

Corruption booms when perverse incentives reward rather than penalize it. We need institutional changes to end those perverse incentives. I hope 2010 will go down as the year when an angry electorate finally obliged politicians to stop treating politics as a lucrative, tax-free profession. Scams like illegal mining, the Adarsh cooperative society, Commonwealth Games and More >

Fast growth slashes poverty, wins elections

Many say that fast GDP growth has benefited only a few rich businessmen. That’s simply false. The latest data and research show that record GDP growth has benefited the masses and the poorest states. Poverty has fallen sharply and the poorest states have increased growth amazingly. That’s one reason so many incumbent governments in poor More >

The rupee is not too strong

I rarely cross swords with Shankar Acharya, former chief economic adviser and one of the savviest observers of the Indian scene. But I must do so on the exchange rate. Contrary to what he and some other analysts claim, the rupee is not over-strong and is not hurting exports and manfacturing. Exports rose 26.7% in More >

Lennon a Marxist or capitalist?

Having gone to college in the 1960s, I belong to the Beatles generation.Last week, we mourned John Lennon on his 30th death anniversary. How the Beatles lit up our lives in the 1960s! Lennon’s “Imagine” has been voted the greatest song of the 20th century. Both liberal globalizers and Marxists claim Lennon as one of More >

How to prevent licensing scams

Governments should govern. When misgovernance is exposed, as in the 2G spectrum scam, remedial action should follow. Yet we are seeing theatre parading as principle. A rowdy opposition has paralyzed the current Lok Sabha session. Opposition parties insist that they will let the Lok Sabha function only if a joint parliamentary committee is appointed to More >

Learn from Kiwis how and why to grieve

When I was checking in for a flight in New Zealand last week, the whole airport stopped work and observed a two-minute silence in remembrance of 29 coal miners who had just lost their lives. The tragedy had dominated television for weeks. Sorrow and shared pain were etched on faces round the airport, including those More >

Nitish’s Bihar has a million mutinies now

Journalists covering Bihar’s long assembly election campaign are almost unanimous that Nitish Kumar’s JD(U) will be re-elected. Let me add my voice to the chorus. Nitish very much looks a winner and the opposition—led by the once-formidable Lalu Prasad —looks in bad shape. Lalu can justly claim that, after decades of upper caste oppression, he More >

Obama has given India a ticket to Mars

Euphoria over President Obama`s support has led some Indians to believe that India will soon become a permanent member of the UN Security Council (UNSC). Others say Obama has offered a ticket to the UNSC contingent on India paying a ticket fee: it must support the US position on Iran and Myanmar. Wrong, and wrong More >

India a ‘natural’ partner for US, but so are Pakistan & China

India and the US are natural partners, but not natural allies. That is the lesson that flows from the ups and downs of President Obama’s visit, which started on a disappointing note in Mumbai with his refusal to name Pakistan as a perpetrator of 26/11, but ended on a high note when he backed India More >

Why India has fared better than Africa

INDIA, which has lagged well behind Africa in economic reform, has nevertheless fared much better. Most Indian reforms occurred well before the spurt in GDP growth from 6% to 9%. British academic James Manor says that thoughtful people in Ghana and South Africa have asked him “How do the Indians do it? They have liberalised More >

The rise and coming fall of the Tea Party

Will US politics be transformed by the Tea Party movement, which thrashed President Obama`s Democrats in US mid-term Congressional elections just before his India visit? Absolutely not. The radical posturing of Tea Party stalwarts is mostly hypocritical mush. The movement started with spontaneous grassroots protests by local people across the country, protesting against higher taxes More >

Obama should visit Tawang monastery

Most international visits by presidents and prime ministers are business-as-usual affairs. Agreements that have been in the works for some time are signed with a ceremonial flourish, but little of a game-changing or truly strategic nature emerges. Such business-as-usual exercises are not meaningless. They are useful occasions to lend political support at the highest level More >

Killing microfinance will help moneylenders

It’s actually a boon to moneylenders . For two decades, microfinance institutions (MFIs) have spread fast in Andhra Pradesh, reaching millions of poor women and filling the space once dominated by moneylenders. But last week, the state government issued an ordinance that temporarily shuts down and permanently maims MFIs in the state. This also threatens More >

India should not expect too much from Obama’s visit

It would be unwise to expect too much from President Obama’s coming visit to India. Indians were delighted when Obama became the first black President of the US. Yet, we are now obliged to be more sober. Indians instinctively tend to prefer US Democrats to Republicans. But Republican Presidents have generally been better for India More >

CWG is govt failure, private sector success

Now that the Commonwealth Games have commenced, glitches and all, we can assess them more soberly than the high-pitched media sound bites of recent weeks. Many critics complain that the Games show India in a terrible light. In fact, they provide a pretty accurate representation of the country. Globally, the big picture shows India as More >