The United States is desperately trying to persuade all countries (including poor ones like Vietnam) to contribute something for the reconstruction of Iraq. This implies that much of Iraq’s old debt of $134 billion will be written off. Some analysts …
Should India stop accumulating reserves so rapidly and let the rupee appreciate against the dollar? Absolutely, said IMF chief economist Kenneth Rogoff when he visited India recently. He gave similar advice to all emerging Asian economies at the annual meeting …
There has been much loose talk this year about a unipolar world in which the hegemonic USA dominates the globe as none has done since the Roman Empire. That has now been exposed as pure hype by US setbacks at …
This year marks not only the 56th anniversary of Independence but also the 60th anniversary of the Bengal Famine, in which 2.1 million people died. In 1943 the Raj ignored the drought in Bengal, claiming preoccupation with the war effort …
For years, many people have urged the pruning of government staff. The last Pay Commission spoke of pruning the civil service by 30%. So many will be surprised to learn that India has an exceptionally small bureaucracy by international standards. …
As we approach the coming election season, more and more people will climb on to the bandwagon of job quotas for minorities and SCs/STs in the private sector. The Congress party has done just this at its Shimla conclave. Mayawati …
As we approach the coming election season, more and more people will climb on to the bandwagon of job quotas for minorities and SCs/STs in the private sector. The Congress party has done just this at its Shimla conclave. Mayawati …
The Indian public and press wail endlessly about crimes that go unpunished, from fraud and embezzlement to rape and murder. But one major crime attracts no attention or odium: perjury. The only newspaper column I can recall on this subject …
Anybody seeking a brief but expert look at India’s trade performance and prospects should read a new book by T N Srinivasan and Suresh Tendulkar. The title is significant: “Reintegrating India with the World Economy.” We talk about opening up …
A visit to Afghanistan is a sobering one. Like most Indians, I celebrated the Taliban’s overthrow. Eighteen months later, the celebration looks premature. In theory, democracy has been restored and reconstruction has begun after two decades of civil war. In …
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