The Economic Times

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

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

US President Barack Obama says India\’s investment climate is unsatisfactory and limits foreign direct investment in too many sectors. Time magazine has run a cover story calling Prime Minister Manmohan Singh an \’underachiever\’. The outraged reaction of many Indians can

Politicians love to pick and subsidise industrial winners. Crooked politicians simply seek kickbacks for backing \’winners\’. But clever, honest politicians believe they have the brains and vision to outguess the market. Kapil Sibal, the minister in charge of education and

Prosperity requires a massive shift of labour out of agriculture into industry and services. Agriculture accounts for barely 14% of GDP, but for over half all workers. The average farm size is below two hectares. Farmers simply cannot get prosperous

Prosperity requires a massive shift of labour out of agriculture into industry and services. Agriculture accounts for barely 14% of GDP, but for over half all workers. The average farm size is below two hectares. Farmers simply cannot get prosperous