The Times of India

SOME people ask me why, at a time when there are doubts whether the Prime Minister and h is economic policies will survive, I devoted last week\’s Swaminomics to Karl Marx. One reason is that I have little new to […]

TEN years ago, the finest brains in the world debated Karl Marx\’s ideas on the occasion of his 19th death anniversary. It is now his 175th birth anniversary, but he ignored as a 19th century fossil. With the collapse of

TEN years ago, the finest brains in the world debated Karl Marx\’s ideas on the occasion of his 19th death anniversary. It is now his 175th birth anniversary, but he ignored as a 19th century fossil. With the collapse of

JOURNALISTS often repeat the old joke that India has many sick industries but very few sick industrialists. There are cases where it is so profitable to run a sick industry that the owner positively radiates good health. As long as

For those labouring under the illusion; that Mr Narasmiha Rao is really serious about liberalising the Indian economy, a look at the proposed privatisation of Indian Iron and Steel Co (IISCO) will prove sobering. Staggering under accumulated losses of Rs

Do you believe that the world economic system is biased against the poor countries and in favour of the rich? Then listen to the latest IMF estimate that the seven richest countries (G-7) will grow much more slowly than third

The demonstration by leftist trade unions in the capital last week was aimed mainly at the proposed change in the Industrial Relations Act. Today workers cannot be retrenched save with government permission (which is rarely given) in companies having over

ONE reason for the sharp rise in grain prices that has hit the poor in the last three years is the stagnation of cereal production, particularly so in the case of wheat. And one important reason for this arrest in

MOST of us have been brought up to regard debt as a terrible thing, sad so are very worried at the size of our foreign debt (currently nearing $ 80 billion). Much of this worry is misdirected. Here is a

IGNORANCE about the role of markets and international institutions like the World Bank and IMF is as widespread among right-wingers in the USA as among left-wingers in India. The American right believes that free, untrammelled markets are a good thing