Most educated people say climate change threatens disaster. The few sceptics are denounced as climate deniers. All governments are firm believers. This consensus was underlined last week when Cyclone Nilam hit India and Hurricane Sandy hit the US. Greens, journalists and politicians declared this was proof …
Adapting to climate change is less costly than spending trillions on emission targets Read More »
The UPA government\’s theme song for eight years has been that we have achieved record GDP growth but not been inclusive enough-poor people and backward states have not benefited enough. The very opposite is now evident. Backward states are advancing …
Forget the notion that the government has recently produced an avalanche of reforms. The word \’reform\’ is being misused to cover everything from irrelevant fiddling to minor changes, to selling the family silver (in the shape of spectrum or minority …
Ignoring small businesses and public service delivery a big mistake for government Read More »
Sanctions may not stop Iran\’s nuclear programme, but could spark a revolt against the mullahs. Bombing Iran\’s nuclear facilities will only strengthen the mullahs . Israeli Prime Minister Netanyahu has repeatedly threatened to bomb Iran\’s nuclear facilities, saying that country …
Sanctions may not stop Iran\’s nuclear programme, but could spark a revolt against the mullahs. Bombing Iran\’s nuclear facilities will only strengthen the mullahs . Israeli Prime Minister Netanyahu has repeatedly threatened to bomb Iran\’s nuclear facilities, saying that country …
The Comptroller and Auditor General\’s ( CAG) estimates of government losses and corporate gains have stirred much controversy. Supreme Court Chief Justice S H Kapadia attempted to elucidate valuation principles in a recent speech. He reportedly said, \”Today, a number …
The Comptroller and Auditor General\’s ( CAG) estimates of government losses and corporate gains have stirred much controversy. Supreme Court Chief Justice S H Kapadia attempted to elucidate valuation principles in a recent speech. He reportedly said, \”Today, a number …
In Washington DC, a fellow bus traveller asked about my job. I said I was an economist. \”Oh\” he said in disgust \”you economists don\’t know nothing.\” This was a cruel, yet accurate comment. The world is staggering under multiple …
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 »
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 »
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