There was much cheering last week when our cricket Test team demolished New Zealand . Yet the truly great Test and victory was in the Gujarat High Court, which imposed stiff sentences on perpetrators of the Naroda Patiya massacre of […]
The XI that won the Gujarat Test Read More »
Opposition parties want Manmohan Singh’s head for supposed corruption in 57 coal blocks that were allocated, not auctioned. The government is under pressure to cancel the allocations. That would be politically, legally and economically wrong. Politically, it will look like
Don’t cancel coal blocks, levy high royalties Read More »
Indian politics today seems driven less by politicians and more by the Supreme Court and Comptroller and Auditor General (CAG). What does this imply for Indian democracy? The answer is that we are seeing a revolt by India\’s institutions against
CAG, SC, EC: institutions up in arms Read More »
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 »
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