Predicting oil prices is a mug\’s game. Yet I will stick my neck out and forecast that oil will fall from today\’s $135/barrel to under $100/barrel by the end of 2008. Usually, when prices go up, demand falls. But world […]
Oil will fall below $100 a barrel Read More »
I was a gung-ho liberaliser when economic reforms began in 1991. At the time, a sceptical politician asked me which sectors would benefit most. I replied it was not possible to predict the winners. In that case, he sneered, why
Path to nowhere leads to success Read More »
India has a world-class elite sitting on top of hundreds of millions with low skills and literacy. This accounts for the title of a new study on India\’s educational tragedy — \’India Shining and Bharat Drowning\’ — by Jishnu Das
Bharat Drowning or Bharat Rising? Read More »
Crude oil costs $135/barrel globally, but Indian prices of petroleum products have long been linked to barely $60/barrel. This has meant under-recoveries — explicit and implicit subsidies to consumers — of a whopping Rs 2,45,000 crore. So, the government has
We\’re really subsidising Opec Read More »
Crude oil costs $135/barrel globally, but Indian prices of petroleum products have long been linked to barely $60/barrel. This has meant under-recoveries — explicit and implicit subsidies to consumers — of a whopping Rs 2,45,000 crore. So, the government has
We\’re really subsidising Opec Read More »
If I were Prakash Karat, I would topple the Congress-led UPA government in the monsoon session of Parliament starting in July. Why? Because the Congress faces a terrible election climate right now, which might improve by May 2009, when the
Will the Left topple the government? Read More »
The report of the Commission on Growth and Economic Development, headed by Nobel Laureate Michael Spence, gleans lessons from 13 countries that averaged 7% economic growth for more than 25 years. India crossed 7% only recently, but most people assume
Knee-deep in the 12 deadly sins Read More »
Oil hit a record $135/barrel last week, up from $51/barrel in January 2007. Taking a longer four-year perspective, the price of the crude is up 230%, but Indian petrol is up only 35%, diesel 46%, and kerosene not at all!
Oil subsidies are bogus socialism Read More »
Surging food prices and the Karnataka election once again raise the question, how needy and distressed are Indians? Karnataka has been at the very forefront of India’s record GDP growth of almost 9% per year. But critics claim that rapid
Roti, kapda, makaan and TVs Read More »
Indians are outraged by President Bush\’s claim that rising food consumption in India and China have sent world food prices skyrocketing. When incomes rise, people eat more meat, so more grain is fed to animals. Seven tonnes of grain produce
Ban on food exports from India fueled world prices Read More »
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