India’s ban on Chinese apps sends out the right signal. But a longer, ‘wider’-term strategy is needed Right & Wrong China Sanctions While opinions differ on why exactly China has intruded into Ladakh, India must stand up to Chinese aggression. […]
Former Chief Economic Advisor Arvind Subramanian said India had moved from socialism with limited entry (for firms) to capitalism without exit. Alas, capitalism without exit is zombieland, full of companies neither dead nor alive. The problem has been intensified by
Rescue solvent companies but kill off zombies Read More »
After 20 Indian soldiers were killed by the Chinese in a border clash, there are jingoistic screams in the media. Critics want to delink India economically from China and boycott Chinese goods. Others want to teach China a military lesson,
Why Modi must not repeat Nehru’s mistakes on China Read More »
By Indian standards, the atrocity was hardly worth a raised eyebrow. In the US, George Floyd, a black man accused of using counterfeit currency, was killed when a white policeman knelt on his neck for nine minutes despite the victim
#DalitLivesMatter: Why we don’t care about this hashtag Read More »
Already in a mega-recession, India needs a venture capitalist of last resort The government is focused on saving companies from Covid-induced death. The Reserve Bank of India (RBI) has acted swiftly as lender of last resort. It has mandated loan
Of Patience & Deep Pockets Read More »
In Prime Minister Narendra Modi’s Rs 20-trillion package, power reforms are the most urgent. Electricity prices have long been political prices unrelated to costs, efficiency or morality. For decades, chief ministers took kickbacks on power contracts and forced state electricity
Modi has political capital to reform the power sector Read More »
The Covid crisis has diverted attention from a major breakthrough that should leave all smiling. The latest auction for 400 MW of solar power, including storage, has been won by ReNew Power with a levelised tariff of Rs 3.52/unit over
Cleaner, and now cheaper: Solar power beats coal Read More »
Out of this Covid-19 disaster comes privatisation, and other reforms After Prime Minister Narendra Modi’s announcement of a₹20 trillion revival package, and finance minister Nirmala Sitharaman’s elucidation of the measures in five instalments, the response was dismal. Sensex crashed by
Push Has Come to Shove Read More »
Beloved brothers and sisters, We have been struck by the worst tragedy since Independence. We shall overcome, with courage and resilience. But we must also change course in the light of experience. Colleagues and experts advised me to announce a
The speech Modi has not made but should Read More »
India’s lockdown has been eased by dividing the country into red, orange and green zones, with high, medium and minimal infections so far, and correspondingly tough curbs on economic activity. This can at best be a very temporary measure. Beyond
Lift restrictions in all zones by July, and just learn to live with corona Read More »
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