Politicians and activists constantly propose new rights — the right to work, to education, and now to food. The word \”rights\” is being twisted to mean entitlements, and there is a big difference. Rights are freedoms from oppression by the […]
Let\’s not confuse entitlements with rights Read More »
Politicians and activists constantly propose new rights — the right to work, to education, and now to food. The word \”rights\” is being twisted to mean entitlements, and there is a big difference. Rights are freedoms from oppression by the
Let\’s not confuse entitlements with rights Read More »
Dear Anil Agarwal, The Indian media are agog you are set to overtake Mukesh Ambani as India\’s biggest corporate promoter. You have made a massive $9.6 billion bid for 60% of Cairn India, which produces oil in Rajasthan and few
Will Anil Agarwal beat Mukesh Ambani? Read More »
Pakistan is suffering its greatest human tragedy since Partition. The floodwaters of the Indus are an incredible 20 miles wide, sweeping away entire towns, villages and farms. Over 20 million people have been displaced, far more than the nine million
Aid flooded Pak by withdrawing Army Read More »
People ask me, what exactly is jugaad? Global management experts attribute India\’s rapid economic growth to jugaad. In a recent survey by the Legatum Institute, 81% of Indian businessmen said jugaad was the key reason for their success. Many years
Jugaad is our most precious resource Read More »
No less than 93% of Chinese businessmen say the main reason for their spectacular success is network connections (guangxi), especially with government officials. Indian businessmen, however, have succeeded despite the government: 81% say the main reason for their success is
Success despite govt, courtesy jugaad Read More »
What\’s desirable is often not practical. The National Solar Mission has set a target of 20,000 MW of solar electricity by 2020. This may be desirable, but at today\’s solar technology costs, it will be economic suicide. Remember that just
Expensive solar power can mean another Enron Read More »
The Reserve Bank of India is preparing a discussion paper on new banks. Meanwhile, SKS Microfinance, India’s largest microfinance institution (MFI), has just raised a whopping Rs 1,600 crore through a public offering. SKS and other MFIs could evolve into
Microfinance — the banks of the future? Read More »
Great disasters occur constantly. The Asian financial crisis blasted the miracle economies of Asia. The Great Recession of 2007-09 led to the bankruptcy/rescue of the five top investment banks on Wall Street, the biggest bank (Citibank), the biggest insurance company
Disasters sow seeds of success Read More »
Corporate social responsibility (CSR) has long been a hot topic globally. Prime Minister Manmohan Singh has lectured companies on it. Some corporations have won acclaim and awards for CSR. Two of them were BP, the oil giant, and Goldman Sachs,
CSR can cloak irresponsibility Read More »
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