Articles

Since the 1960s, India has built eight Export Processing Zones to catalyse export-oriented investment, with very limited success. These are tiny plots enjoying duty-free entry of inputs. But duty-free inputs are now available to export oriented-units anywhere in India. By […]

In 2002, India had massive grain stocks of 63 million tones, much of which was exported at a loss. But today wheat stocks are almost zero, and the government has decided to import three million tonnes. Worse, the Met Office

The International Monetary Fund was created to, among other things, help finance the trade deficits of bankrupt countries. So readers will be amused to hear that the IMF itself is currently in financial straits. It has decided to freeze staff

The World Bank has suspended $ 800 m worth of loans to India \’s health sector after detecting corruption in procurement. Fair enough: corruption should be checked. Yet if corruption is really a no-no, the Bank should stop almost all

One of the biggest pipeline-building hubs in the world is emerging at Anjar, Kutch. Astonishingly, it has come up virtually unknown to the public. BK Goenka, CEO of Welspun Gujarat, says that Indian companies now account for almost a quarter

If the RSS proposed that any Hindu who converted to Islam or Christianity should be hanged, there would be a hue and cry. Political parties ranging from the Congress to the Samajwadi Party to the Left Front would condemn the

Why is Reliance\’s Jamnagar refinery the most profitable in the world? How does it keep achieving a refining margin of $ 9-10/barrel, one and a half times as much as most global refineries (and Indian public sector refineries)? Singapore\’s famed

I am amazed at the paranoia and quasi-racism of the uproar in the US over the takeover of six port terminals in that country by DP World (a.k.a. Dubai Ports). P&O of Britain has traditionally run the terminals. When Dubai