Finance ministers, industrialists, bankers all pay lip service to price stability. Yet they all gain so much from inflation that they have institutionalised it. In the 1950s, inflation was negligible. But since the mid-1960s it has averaged 8 to 9 […]
Hindu Rate of Inflation again Read More »
After its nuclear tests, a triumphant Bharatiya Janata Party proclaims that saffron means toughness, courage, unwillingness to be eked around by mighty foreigners. It means standing up for your principles regardless of the cost of sanctions. We demand recognition as
From Saffron to Yellow Read More »
Sorry folks, but Pakistan has spoiled our nuclear celebration. You thought our bomb made us a great power on par with the USA? No, we remain on par with Pakistan. You thought we had become high-tech geniuses? Sorry, we are
End of nuclear celebration Read More »
People are still debating the merits of India\’s nuclear tests, but that matters little now that the deed is done. What has been tested can be detested, but not detested. The relevant question is, where do we go from here?
Saffron Storm Rising Read More »
India\’s five nuclear blasts have led to a proliferation of hype and myths. Fantastic gains, say some. Terrible costs, say others. Don\’t believe either. Myth No 1: The nuclear tests make India a full member of the nuclear club. Not
Explosion of Nuclear Myths Read More »
The thugs are taking over in the name of religion. For decades I have told foreign friends that MF Husain epitomises India\’s essential secularism. Here is a Muslim painter who has delved deep into Hindu mythology and folklore analysed these
Stand up to the Musclemen Read More »
Should the census in 2001 ask people to specify their caste? Yes, say the Census Commissioner and Home Minister. Definitely not, say others indignantly. I am agnostic on this issue. I see some technical reasons to question the inclusion of
Don\’t Censor Caste Data Read More »
Should the census in 2001 ask people to specify their caste? Yes, say the Census Commissioner and Home Minister. Definitely not, say others indignantly. I am agnostic on this issue. I see some technical reasons to question the inclusion of
Don\’t Censor Caste Data Read More »
At the annual World Bank Conference on Development Economics this week, Jeffery Sachs and John Luke Gallup of Harvard presented a paper highlighting the importance of geography in economic outcomes. They looked at data for 150 countries and noted how
Is Geography Destiny? Read More »
Even as BJP-ruled India is adopting swadeshi, Britain is abandoning it. Rolls-Royce, long the ultimate symbol of British manufacturing prowess, has been sold to Germany\’s BMW (and Volkswagen is trying to come in with a still higher bid). With this,
From \’bhujiya to Rolls-Royce Read More »
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