When India embarked on its economic reforms in 1991, leftist critics claimed the doors were being opened for the re-colonisation of India by a new version of the East India Company. They warned that the US multinationals would become instruments …
Many young idealists condemn the energy guzzling of our consumerist age, which burns fossil fuels and causes pollution and global warming. Many hark back with nostalgia to the good old pre-industrial days of organic farming. I agree that we waste …
Dear Sukumar Muralidharan, I read your article the other day in Frontline magazine. You echoed the standard left-wing line against the GATT accord (popularly called the Dunkel Draft), implying that India should leave the global trading system which has been …
Dear Sukumar Muralidharan, I read your article the other day in Frontline magazine. You echoed the standard left-wing line against the GATT accord (popularly called the Dunkel Draft), implying that India should leave the global trading system which has been …
The Lok Sabha debate on GATT and the Dunkel Draft was marked by lamentable ignorance of what sovereignty is about. Speaker after speaker complained that GATT would erode the sovereignty of India. In fact, membership of any international group binds …
For decades, people have worried that the fruits of economic growth will not reach the poor, and that special efforts must be made by the state to ensure that this happens. Compounding these worries has been the famous hypothesis of …
For those who believe that satellite TV is a form of western cultural imperialism, here is some news. For the first time in history, India\’s Republic Day was seen live all over Asia on Star TV, and the fuming politicians …
Many promoters of companies, multinationals as well as Indian businessmen, are voting themselves new allotments of shares at highly preferential prices, sometimes one-fifth the market price. This benefits promoters at the cost of minority shareholders, and would be banned in …
Many promoters of companies, multinationals as well as Indian businessmen, are voting themselves new allotments of shares at highly preferential prices, sometimes one-fifth the market price. This benefits promoters at the cost of minority shareholders, and would be banned in …
Many readers heard of Cipla, the pharmaceutical company, when its share price recently hit Rs 35, 000, making it the priciest stock in India. But relatively few readers know that Cipla is owned by a Muslim, Mr. Yusuf Hamied. It …
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