Wars are prime time for hypocrisy. The bogus emotion and rhetoric displayed by pro-war factions is fully matched by that of anti-war factions, and bystanders. The prime hypocrite, of course, is the USA. Arab TV stations have broadcast pictures of …
Many Indians (including me) are outraged that the USA is ignoring the UN and world opinion on Iraq. Yet do not be surprised if the same Indians (including me) lose that sense of outraged morality if the US wins a …
Just one fortnight after presentation, the budget looks distant, almost forgotten. All eyes are now on Iraq. Without question, what Bush and Saddam Hussein do is infinitely more important for the economy than what Jaswant Singh does. What are the …
We are used to thinking of the USA as the economic superpower of the world, and the dollar as the strongest currency. Yet the dollar has weakened against the rupee in the last six months, and weakened even more (by …
For three decades after independence, India so consistently averaged GDP growth of 3.5 per cent per year that it came to be called the Hindu rate. Then in the 1980s India graduated to the range 5-6 per cent, though unsustainably: …
The media are full of stories about US war plans. Apparently it will drop more bombs in the first three days of the war than in the entire Gulf War of 1991. It will occupy the northern and southern regions …
The media are full of stories about US war plans. Apparently it will drop more bombs in the first three days of the war than in the entire Gulf War of 1991. It will occupy the northern and southern regions …
The Union Cabinet wants to ban all forms of cigarette advertising. I do not smoke, yet am uneasy about the ban. If a product is a social menace, we should ban it. But if it is good enough to produce, …
Last week, I predicted a global recession, exuding gloom about the future of the Indian economy and the IT industry in particular. I said the world typically went into recession when the price of the oil crossed $30 per barrel …
Industrial production is rising, exports are booming, foreign exchange reserves have gone through the ceiling. Even sectors like steel and paper that got trashed during the recession of 1991 are now surging into high profits. Business confidence surveys show an …
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