China is India\’s largest trade partner. But India runs a large trade deficit of $29 billion with China. Prime Minister Manmohan Singh reportedly told his Chinese counterpart, Li Keqiang, at their recent meeting that this \”needs to be addressed.\” But […]
Big trade deficit with China? Excellent! Read More »
The cricket spot fixing scam in the India Premier League (IPL) has become a media sensation. Bollywood actors, cricketing stars, bookies, highly connected gamblers, underworld dons and even a Pakistani umpire have added masala to an already spicy scandal. Outraged
Legalize betting, make cricket cleaner and whiter Read More »
Amartya Sen, as befits a Nobel laureate, has often produced careful calculations to throw light on dark situations, such as the number of deaths caused by Mao\’s Great Leap Forward in China. So, it was astonishing to hear him say
Amartya Sen wrong in his claim that delay in Food Bill killing a thousand every week Read More »
Why did economic growth collapse from 9.3% in 2010-11 to just five per cent last year? Because, says Chief Economic Advisor Raghuram Rajan, India\’s institutions have been unable to cope with the consequences of fast growth. Land acquisition, forest clearance
Evolving out of inefficient corruption Read More »
Amartya Sen wants to estimate the number of deaths caused by the delay in passing the Food Security Bill. He thinks this may shame Opposition politicians into ceasing disruption of proceedings in the Lok Sabha. “To capture people’s attention, you
Fast growth will save lives not the Food Security Bill Read More »
India\’s current account deficit was a record 6.7% of GDP in the last quarter of 2012. The deficit was plugged mainly by foreign direct investment, foreign portfolio investment and NRI bank deposits. But a significant, rising contribution also came from
Govt, India Inc must take advantage of ultra-cheap Western and Japanese money Read More »
The Supreme Court says the government has \”shaken the entire process\” by asking the Central Bureau of Investigation to interfere in the coal scam. The court says \”our first exercise will be to liberate the CBI from political interference\”. Many
India needs a statutory, independent Police Commission Read More »
Agricultural wages have been galloping upwards for six years, rising much faster than prices. So, the living standards of rural labourers, the poorest of the poor, have improved at a record pace (6.8% real growth per year since 2007-08 ).
Growth improves wages more than MNREGA Read More »
Many fear that the proposed land acquisition Bill will greatly harm economic progress through skyrocketing land prices, rewarding speculators while eroding India\’s global competitiveness. Fortunately, the government has now accepted an opposition suggestion to make long land leases an alternative
The price of gold, oil and many other commodities crashed last week. The stock markets zoomed and economists smiled, suddenly seeing positive consequences in three areas — inflation, the trade deficit and the fiscal deficit. These three factors had earlier
Manna from heaven, or a new recession? Read More »
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