Sixty-four years ago, the Congress Party led the independence movement that exposed British rule as repressive, callous and often stupid. But in last week’s Anna Hazare fiasco, the same Congress Party exposed itself as repressive, callous and stupid. By jailing […]
Arrest corruption, not those who protest against it Read More »
We are used to the notion that companies can go bust for want of cash but not governments, since the latter can print money without limit. This may cause high inflation or even hyperinflation (as in Russia under Yeltsin or
How to tackle crisis when governments can\’t print money Read More »
We are used to the notion that companies can go bust for want of cash but not governments, since the latter can print money without limit. This may cause high inflation or even hyperinflation (as in Russia under Yeltsin or
How to tackle crisis when governments can\’t print money Read More »
Given the global financial turmoil, India faces three possible outcomes – slow global growth, a borderline recession, and a financial crunch resulting in serious recession. I put the chances of slow growth at 65%, of borderline recession at 25%, and
India\’s high savings rate and forex reserves will weather global economic troubles Read More »
Given the global financial turmoil, India faces three possible outcomes – slow global growth, a borderline recession, and a financial crunch resulting in serious recession. I put the chances of slow growth at 65%, of borderline recession at 25%, and
India\’s high savings rate and forex reserves will weather global economic troubles Read More »
When Bill Clinton ran for US President in 1992, his campaign theme was \”It\’s the economy, stupid.\” His opponent, George H W Bush, sought to focus the election on his crushing victory over Saddam Hussein in the 1991 Gulf War.
Financial crisis? It\’s the politics, stupid! Read More »
When Bill Clinton ran for US President in 1992, his campaign theme was \”It\’s the economy, stupid.\” His opponent, George H W Bush, sought to focus the election on his crushing victory over Saddam Hussein in the 1991 Gulf War.
Financial crisis? It\’s the politics, stupid! Read More »
The world economy is reeling under the burden of rising government debt in OECD countries. I predict that the main way out will eventually be inflation. Huge monetary stimuli in many countries have already created the potential for inflation. And,
Inflation is the most likely way out of rising OECD debt problem Read More »
For centuries, dalits have been at the bottom of the income and social ladders, despised and exploited. Independent India aimed to improve their lot through job reservations, but with very limited results. Nevertheless, empowerment through democracy and economic opportunities created
The unexpected rise of dalit millionaires Read More »
Last week, at the release of another book on the rise of Maoism, “Hello Bastar,” author Rahul Pandita described the terrible exploitation of tribals by petty officials and forest contractors. He condemned Salwa Judum, the anti-Maoist vigilante force, and said
Growth data shows gaps in Maoist narrative Read More »
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