While discussing higher petrol prices, TV anchor Arnab Goswami asked why the middle class shouldn\’t get a big petrol subsidy when corporations got tax breaks of Rs 529,000 crore. He got this huge figure from an annual budget document calculating […]
Tax exemptions: it\’s not just the fat cats who benefit Read More »
While discussing higher petrol prices, TV anchor Arnab Goswami asked why the middle class shouldn\’t get a big petrol subsidy when corporations got tax breaks of Rs 529,000 crore. He got this huge figure from an annual budget document calculating
Tax exemptions: it\’s not just the fat cats who benefit Read More »
In March, I accepted a daunting assignment: to lecture college students in Pune on The Morality of Capitalism. Predictably, this produced many sniggers. Capitalists are crooks, I was told. They milk you for all they can get. They cheat you
Both democracy and capitalism give the freedom to choose between alternatives Read More »
Will the crash of the rupee to a record low of Rs 54.68 per dollar be a \”kick in the pants\”, to quote economist Arvind Subramanian, that finally forces the government to slash unwarranted subsidies and deepen reforms? Hopefully yes.
Falling rupee: a kick in the pants for Congress Read More »
The future of the Eurozone (comprising 17 European countries using the euro as their currency) is in doubt after voters in Greece and France threw out incumbents struggling to save the euro through supposed austerity measures. Socialist leader Francois Hollande
European voter revolt bodes ill for India Read More »
The late K Subrahmanyam, celebrated defence analyst, said the Indian government seemed incapable of strategic thinking. Perhaps intellectuals outside the government are no better. This has to be the verdict on an ambitious attempt by some of India\’s finest thinkers,
Indians haven\’t learnt to think strategically in terms of foreign policy Read More »
The late K Subrahmanyam, celebrated defence analyst, said the Indian government seemed incapable of strategic thinking. Perhaps intellectuals outside the government are no better. This has to be the verdict on an ambitious attempt by some of India\’s finest thinkers,
Indians haven\’t learnt to think strategically in terms of foreign policy Read More »
Socialists like health minister Ghulam Nabi Azad won\’t admit it, but they rather liked the Berlin Wall. They think it\’s morally right to keep citizens captive at home, unable to migrate for better prospects. Azad has proposed not a brick
Brain drain or not, the right to emigrate is fundamental Read More »
Policy paralysis has costs. Standard and Poor\’s has cut India\’s credit outlook to negative and warned of a one-in-three chance of a downgrade to junk status within the next 24 months. S&P cites the slowing economy, deteriorating balance of payments
June is the right time for tough reforms Read More »
In analysing the Supreme Court judgment upholding the Right to Education (RTE) Act, television channels have focused too much on the 25% reservation of seats in private schools – including famous elite schools – for low-income children. This minor social
Right to Education Act threatens education Read More »
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