Swaminathan S. Anklesaria Aiyar

Hurrah for the Rupee Crisis

Most people are worried, even alarmed by the sudden drop in the value of the rupee en late October. Panicky {businessmen are predicting a forty-rupee dollar by the end of the year (which is pure rubbish). But I welcome the rupee crisis. In India, governments go into torpor when there things are going smoothly, and […]

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KFC is just a Chicken Pakora

THE latest gyrations on the swadeshi issue are bizarre. Sundry groups, some of whom are Hindu nationalist, are attacking Kentucky Fried Chicken as junk food. Shiv Sena Supremo Bal Thackeray has declared he will not allow such food to be served in Maharashtra. Hindu nationalists remain silent on one basic issue—that the very concept of

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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 enough for everybody\’s greed. Charles Darwin, author of Origin of the Species, would have told

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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 risen to 10 percent of GNP.That is a major achievement. In the absence of any

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Small Power Units To The Rescue

For decades, we have regarded large power stations as essential and small generating sets as expensive stand-bys, to be used only when grid power fails. This is why we have been so keen on setting up new megaplants, of which some (like Enron\’s) are mired in controversy. Yet the power cost, project cost and construction

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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 Munde Committee report should be made public for scrutiny. Luckily, I have been able to

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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 ages, but apparently the message has finally trickled up to the top. Well, Mr Rao,

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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 afterwards thrashed IBM and every other rival. The most remarkable thing about Mr Gates is

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The high Cost of Delay

On returning to work after four weeks\’ leave, my colleagues tell me that Enron remains the hottest topic in town. and that I simply must write about it. I have long argued that the ideal solution is for the Maharashtra State Electricity Board to take up 30 per cent of equity of the Dabhol Power

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India\’s unsavoury Health Secret

There is now universal agreement that public health is a basic need for all developing societies. So much has been written about the need for clean water and air, vaccination, and the control of killer diseases like malaria. But there is one public health issue which peole are scarcely aware of. This is illegal abortion.

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