If banks are the heart of an economy , India has a hole in the heart. Up to 20% of public sector bank loans are impaired. Chief economic advisor Arvind Subramanian says India is being held back by a “twin […]
Vendettas enlarge the hole in India\’s economic heart Read More »
On TV , I rated the budget at just 5.5 out of 10, even though the Sensex zoomed 486 points. It zoomed not for what was in the budget–like higher capital and rural spending -as what was not. It did
SWAMINOMICS – Broken pledges, lost chances spoil budget Read More »
Opposition parties have made an absurd demand to postpone the Union Budget until after the elections in UP and four other states. The Election Commission should have dismissed this plea instantly. Indian voters are far too cynical and experienced to
SWAMINOMICS – Budget goodies can\’t sway the Indian voter Read More »
Opposition parties have made an absurd demand to postpone the Union Budget until after the elections in UP and four other states. The Election Commission should have dismissed this plea instantly. Indian voters are far too cynical and experienced to
SWAMINOMICS – Budget goodies can\’t sway the Indian voter Read More »
The era when liberal democracy triumphed over fascism and communism may have ended in 2016, with Brexit and Donald Trump’s election as US President. Voters across the globe hve rebelled against a liberal democratic system that no longer meets their
Slanging matches between Amartya Sen and Jagdish Bhagwati are economic folklore. Welcome to the latest slugfest. Sen has denounced demonetisation as “despotic”. But Bhagwati, in a joint article with Pravin Krishna and Suresh Sundaresan, calls demonetisation “courageous”, with the “potential
It’s Sen vs Bhagwati time of the year again. This time on demonetisation Read More »
The ongoing power struggle between Ratan Tata and Cyrus Mistry to control sundry Tata companies should not distract attention from a more fundamental question. Should charitable trusts, which are exempt from income tax, be allowed to hold large (and often
Charitable trusts shouldn’t control big biz houses Read More »
Authoritarian leadership, big corruption, and endless freebies for the masses. These were the hallmarks of Tamil Nadu chief minister Jayalalithaa (popularly called Amma) who died last week. In this week of mourning, she has been praised by even her bitter
Don’t eulogise Amma for her freebie politics Read More »
Demonetisation still dominates conversation in India. Do ordinary people think it was inhumane and despotic, as claimed by critics? Or do they believe Modi is the only politician willing to get tough on black money? How will this play out
For Modi, test lies in stage 3 of notebandi Read More »
Will demonetisation be a vote winner or loser for Prime Minister Modi? He has captured the moral high ground: many voters view him as the only politician willing to crack down on black money. He fared well in last week’s
Now, Modi can turn kala dhan to Jan Dhan Read More »
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