The Times of India

Industrial production is rising, exports are booming, foreign exchange reserves have gone through the ceiling. Even sectors like steel and paper that got trashed during the recession of 1991 are now surging into high profits. Business confidence surveys show an […]

Industrial production is rising, exports are booming, foreign exchange reserves have gone through the ceiling. Even sectors like steel and paper that got trashed during the recession of 1991 are now surging into high profits. Business confidence surveys show an

Let me return to the question I posed at the end of this column last week: Even if India is a net beneficiary from global flows of brainpower, will we not be still better off if skilled Indians do not

Prime Minister Vajpayee wants to reverse the brain drain. Learned economist Jagdish Bhagwati views the brain drain as a serious leakage out of India. Many economists in past decades have made detailed calculations on how many billions India has lost

The Indian left believes that the US, as the world’s sole super power, simply bombs whom it likes when it likes. Arundhati Roy and others have come out with long lists of countries whom the US has taken military action

As I explained a fortnight ago, GDP can be regarded as the sum of all incomes, or the sum of all value added in production by citizens. The two are equal. So, we could tax all income through income tax

Too many journalists have proved guilty of projecting wishful thinking as analysis. Despite widespread media criticism, Narendra Modi won a landslide victory in Gujarat. Many journalists are now trying to explain lamely why they were wrong, and some hope he

The Kelkar Committee has submitted two reports. One is on direct taxes, levied on incomes and wealth (eg. income tax, corporate tax, wealth tax). The other is on indirect taxes levied on goods and services (eg. excise duty, sales tax).

Since independence, Hindu militancy has looked the biggest danger to our secular fabric. I have spent a long career combating the hate messages of groups like the Vishwa Hindu Parishad. Yet I have a nasty feeling today that Islamic terror

An American-led attack on Iraq seems inevitable. What impact will it have on India? Set aside moral considerations, which are muddled when the battle is between an imperial bully and a mass killer of his own people. Instead, examine where