The report of the Comptroller and Auditor General on coal block allocations highlights the mess in the coal sector, but has led to very faulty interpretations of what exactly has gone wrong. The report exposes the pitfalls of ministerial discretion […]
End discretionary allocations in coal and everything else Read More »
Today we celebrate the 65th anniversary of India\’s independence. Some mourn it as the 65th anniversary of India\’s partition, which killed a million people and forced 10 million to flee across borders for safety. Utopians wish Partition had never
Independence Day: Why Partition was a good thing for India Read More »
When India\’s GDP growth declined to 6.5% last year, some shrugged it off as an aberration. But drought and industrial stagnation have led financial analysts like CLSA to slash their growth estimate for 2012-13 to 5.5%. Citibank fears it could
Drought relief, poll freebies will widen fiscal deficit Read More »
Dear Anna Hazare, Frustrated by your failure to draw large crowds or sway Parliament, you have decided to convert your India Against Corruption movement into a political party. This is madness. Please abandon the idea. A mass movement can flourish
Anna\’s party would be a great blunder Read More »
Dear Anna Hazare, Frustrated by your failure to draw large crowds or sway Parliament, you have decided to convert your India Against Corruption movement into a political party. This is madness. Please abandon the idea. A mass movement can flourish
Anna\’s party would be a great blunder Read More »
The Reserve Bank has expressed grave worries about the current account deficit (CAD). This hit a record 4.2% of GDP in 2011-12. In January-March 2012, it was even higher at 4.5% of GDP, in stark contrast to just 1.3% in
Why RBI’s fears about India’s growing current account deficit are misplaced Read More »
The monsoon has failed badly this year as it did in 1965. But it’s little more than an inconvenience this year, whereas in 1965 it was a monstrous calamity. The drought-proofing of India is a success story, but one widely
Drought not a big calamity in India anymore Read More »
Nobody believes that agriculture minister Sharad Pawar has resigned because of policy differences. He is miffed at being denied no 2 status in the Cabinet. He may also be preparing for life after UPA 2 – the next general election
Exit Sharad Pawar, champion of farmers Read More »
US President Barack Obama says India\’s investment climate is unsatisfactory and limits foreign direct investment in too many sectors. Time magazine has run a cover story calling Prime Minister Manmohan Singh an \’underachiever\’. The outraged reaction of many Indians can
Indians getting outraged at criticism abroad shows immaturity & inferiority complex Read More »
Angered by crony capitalism in India and the power of the top 1% in the West, some analysts favour the so-called Beijing Consensus, or China\’s model. Sorry, but China has as much cronyism as other countries. A recent study in
China beats India again, this time in corruption Read More »
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