Railway minister Piyush Goyal said last week that the railways would be completely electrified by 2022, phasing out diesel locomotives. Earlier, transport minister Nitin Gadkari decreed that all car production would have to be electric after 2030, heralding the end […]
Why invest in oil when it’s riding into the sunset? Read More »
India looks more impressive from New York than New Delhi. That explains the credit upgrade to India given by Moody’s, the top global rating firm. India’s rating is up from Baa3, just above “junk status”, to Baa2, and its outlook
Why Moody’s is no longer singing the blues on India Read More »
Russian hacking into the US presidential election has spurred claims that Donald Trump’s victory was tainted, maybe rigged. Twitter identified 36,746 accounts with Russiangenerated content. Google found 43 hours of election content on 1,100 videos of Russian origin. Facebook estimated
Russian ‘help’ to Trump holds important poll lessons for India Read More »
The 1917 Russian Revolution carried the seeds of its system\’s collapse in 1991 The 1917 Russian Revolution seemed epochal for most of the 20th century , before ending in tragi-farce in the Soviet collapse of 1991. Today\’s youngsters cannot imagine
(Held) Back in the USSR Read More »
Communists will celebrate the centenary of the Russian Revolution of 1917 as a triumph of workers and peasants. In fact it owed much to a German diplomatic plot, executed through an armed coup by Lenin. In World War I, Germany
The 1917 Russian Revolution was a German plot Read More »
The government is rescuing bust public sector banks with Rs 135,000 crore of recapitalisation bonds as part of a Rs 211,000-crore package. RBI governor Urjit Patel calls this “a monumental step“. It could more accu rately be called a decision
Bailout to banks is not going to cure bad behaviour Read More »
Don\’t phase elections over weeks. Hold simultaneous polls on one day The Election Commission (EC) is one of the most respected institutions in India. Its impartiality is essential to ensure that democra cy is free and fair, and this has
Much Too Much of a Stretch Read More »
Dear Narendra Modi, You protested recently that some people sleep well only after spreading pessimism all round. Rahul Gandhi responded by highlighting global pessimism: India has slipped to 110th among 119 countries in the Global Hunger Index of IFPRI (International
5 ways to combat pessimism about the hunger index Read More »
How Thomas Piketty\’s selective use of tax data exaggerates India\’s inequalities My last Swaminomics column (`Fantastically Rising Inequality? Piketty Has Got It Wrong\’, TOI, goo.gl8X7GpB) addressed the claim of Lucas Chancel and Thomas Piketty , guru of inequality , that
A Purple Passage to India Read More »
Inequality is measured by the Gini coefficient, ranging from zero for total equality to 1 for total inequality. Consumption surveys of the National Sample Survey Organisation show a modest Gini increase from 0.3 in 1983 to 0.36 in 2011-12. Businesses
Fantastically rising inequality? Piketty has got it wrong Read More »
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