People lie in surveys. Which is why India needs a new methodology to gather data A leaked National Sample Survey Office (NSSO) survey says India’s consumption fell 3.7% between 2011-12 and 2017-18, rural consumption fell 8.8%, and rural food consumption crashed […]
Truth Be Told and Collected Read More »
Has the Supreme Court, long praised for independence and fearlessness, suffered some erosion of its tough impartial image, and allowed itself to be seen tilting towards BJP? This question will inevitably arise after four successive Supreme Court judgments in the
SC should not only be impartial but seen to be so Read More »
Indian exports have grown very little since 2013. No economy in the world has had GDP growth of 7% for a long period — the definition of a miracle economy — without double-digit export growth. Hence, the recent fall in
Do Not Hold Your Breath Read More »
The stock markets think the government might abolish the dividend distribution tax (DDT) and let all dividends be taxed as plain additional income. Right now DDT plus cess and surcharge is around 20%. People earning dividends above Rs 10 lakh
India needs taxes high enough for revenue growth, low enough for investments Read More »
Dear Abhijit Banerjee, Congrats on winning the Nobel Prize. In a recent interview, you castigated economic journalists like me for ignoring economic evidence and lauding the recent cut in corporate tax rates. To combat inequality, you want to soak the
Sorry Abhijit Banerjee, high taxes and freebies don’t create egalitarian utopia Read More »
India needs to expand its drone strategy, and have a major production programme Last month, Saudi Arabia was hit by an attack on its oilprocessing facilities by drones and cruise missiles, probably made by Iran. The damage was quickly repaired,
What Dronacharya Wants Read More »
All Indians are delighted that Abhijit Banerjee, along with Esther Duflo and Michael Kremer, has won the Nobel Prize for Economics for creating a new field of experimental economics — randomised controlled trials (RCTs). Drug authorities in all countries insist
And the Nobel Prize goes to… experimental economics Read More »
Greta Thunberg, the 16-year old Swedish girl who lectured the United Nations on climate change, is being touted as a possible Nobel Prize winner. She believes she and her white Swedish teenage friends have to save the world from us
Sorry Greta, India needs more coal to power growth Read More »
With time, effort and luck, Ladakh could become north India’s power hub Swaminathan S Anklesaria Aiyar Thegovernment says converting Jammu and Kashmir into a Union territory (UT) will encourage a business investment boom, accelerating economic growth and employment. That’s a
Follow the Sun, Hindustan Read More »
When private sector banks were allowed to open in the 1990s, some economists thought big industrialists were the obvious candidates. But businesses are potential borrowers, and so should not control lending institutions: that creates an obvious conflict of interest. I
PMC’s brazen crookery shows why industrialists should not own banks Read More »
Sign up to get all the latest posts and news sent to your inbox.
