In 1998, Boris Yeltsin bowed out of office with the Russian economy in ruins. The Indian Left gleefully attributed this to rapid economic liberalisation. Five years later, after even more liberalisation by Vladimir Putin, the Soviet economy has staged a […]
Economics of Putin\’s victory Read More »
Dear Atal Behari Vajpayee, Your partymen are celebrating your election victories in three major states Madhya Pradesh, Rajasthan and Chattisgarh, and claiming it points to victory in next years general election. Dead wrong. The real message from voters is that
A victory that\’s actually bad news Read More »
Dear Atal Behari Vajpayee, Your partymen are celebrating your election victories in three major states Madhya Pradesh, Rajasthan and Chattisgarh, and claiming it points to victory in next years general election. Dead wrong. The real message from voters is that
A victory that\’s actually bad news Read More »
Our poverty line was created way back in the early 1970s on the assumption that human beings needed a minimum of 2,400 calories per day in rural areas and 2,100 calories per day in more sedentary urban areas, giving an
It\’s not just calories, stupid Read More »
Our poverty line was created way back in the early 1970s on the assumption that human beings needed a minimum of 2,400 calories per day in rural areas and 2,100 calories per day in more sedentary urban areas, giving an
It\’s not just calories, stupid Read More »
Some time ago, the New York Times columnist Thomas Friedman posed the question, why do Muslims join Al-Qaida in so many Arab countries but not in India? The answer, he said, lay in India being a secular democracy. In autocracies
Al-Qaida is already here Read More »
Some months ago I wrote about the thesis of Fareed Zakaria’s book ‘The Future of Freedom’. This is that the hallmark of successful democracy is not holding elections, or even promoting the will of the majority, but having independent institutions
Independent Police Authority Read More »
A wave of protectionism is evident in the USA . Indiana state has just cancelled a $ 15 million software contract awarded to Tata Constancy Services and shifted it to a local company to keep jobs in the state. Curbs
Don\’t fear neo-protectionism Read More »
A wave of protectionism is evident in the USA . Indiana state has just cancelled a $ 15 million software contract awarded to Tata Constancy Services and shifted it to a local company to keep jobs in the state. Curbs
Don\’t fear neo-protectionism Read More »
Not long ago, we got endless lectures from foreign investors and fund managers on how corrupt and shady Indian market practices were, and how these had to be transformed if India was to attract any money from abroad. There is
Wall Street scams: Are we any worse? Read More »
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