Articles

Politicians in India and abroad have lambasted traders who buy oil contracts for future delivery as speculators that have driven oil to $145/barrel. In fact, India itself should start buying oil futures and options. This will be a sensible risk […]

Politicians in India and abroad have lambasted traders who buy oil contracts for future delivery as speculators that have driven oil to $145/barrel. In fact, India itself should start buying oil futures and options. This will be a sensible risk

From ancient times, Indian rulers have always blamed inflation on the perfidious bania. That is happening globally today. Politicians everywhere are blaming speculators for high inflation. Actually, inflation occurs when too much money chases too few goods. Today, no great

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

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

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

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