WASHINGTON DC: Prime Minister Narendra Modi\’s US visit is a damage repair job, not a triumphal clinching of a strategic relationship. Indo-US relations resemble a broken-down car covered with dust. Modi must do more than wipe off the dust. He […]
WASHINGTON DC: Prime Minister Narendra Modi\’s US visit is a damage repair job, not a triumphal clinching of a strategic relationship. Indo-US relations resemble a broken-down car covered with dust. Modi must do more than wipe off the dust. He
Narendra Modi came to power by promising fast economic growth to create millions of jobs. So, it’s mysterious that he has spent so much time on foreign visits and receiving foreign dignitaries like Chinese president Xi Jinping. Foreign relations matter,
If Indians aren’t investing here, will foreigners? Read More »
Media analyses of the Kelkar Committee on reducing import dependency in oil and gas have focused on the committee\’s suggestions on gas pricing. But it has also proposed new models for exploration and production contracts to reduce disputes and corruption,
A Kelkar Committee model could be the best option for oil and gas pricing Read More »
The Kelkar Committee has produced a road map for a market-determined price for natural gas. Inter-generational equity, it says, requires non-renewable resources like gas to be sold to the highest bidder. A lower price deprives future generations of their full
Sell gas at top prices like coal blocks, spectrum Read More »
When a general with excellent credentials was recommended for promotion, Napoleon asked “But is he lucky?“ In politics, as in war, luck counts for a lot. Narendra Modi today is riding a wave of good luck. GDP growth in the
Modi’s been lucky; now make it sustainable Read More »
Is Narendra Modi\’s new Pradhan Mantri Jan Dhan Yojana — providing two bank accounts each to 75 million poor families, an overdraft of Rs 5,000, accident insurance cover of Rs 1 lakh and a life cover of Rs 30,000 —
Jan Dhan Yojana has all the characteristics of those bad old loan melas Read More »
RBI governor Raghuram Rajan has lambasted crony capitalism. Other critics say economic liberalization has enriched only cronies through monopoly profits from political allocations of land, minerals and spectrum. Now big corruption is rampant. But I distinguish between crony capitalism and
Corruption? Protection rackets more than crony Read More »
During the general election, I was among journalists that visited Varanasi, Narendra Modi’s constituency. In the evening we went down to the famous Dashashwamedha Ghat, winding our way through crowded bazaars full of beggars, sadhus, religious offerings and mementos. Most
Will Modi grab the idea of Kashi dwip? Read More »
Even if a Budget lacks any wow factor, as in Arun Jaitley\’s maiden effort, this hardly matters provided the government acts on the other 364 days of the year. The media are full of speculation of significant reforms on many
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