The Times of India

Readers are often told by economists that a high fiscal deficit is disastrous. In fact, given India’s political economy, high deficits are in some quick ways proving a blessing. Is India’s high fiscal deficit leading it into a debt trap? […]

Newspapers carried screaming headlines last week about a sensational new discovery. At a demonstration attended by top scientists, Mr Ramer Pillai boiled a handful of herbs in water with some chemical additives, and produced 600 ml of kerosene. Optimists suddenly

Mother Teresa was an apostle of love. Now, love is a quality consistently undervalued and misunderstood in a world swayed too much by secular economics and anti-poverty schemes. Poor Indians need more money. But they also need more love. We

I welcome the coming era of hostile takeovers of companies. By the end of this year, new takeover guidelines, based on the Bhagwati Committee’s recommendations will be in place, ending the cosy security of inefficient and crooked businessmen who have

I am amused by the spate of post-election articles, some in The Times of India, denouncing the United Front for continuing with the liberalisation (which I regard as half-baked) of the preceding Congress regime. Some writers even claim that the

Five years ago, just after Mr Narasimha Rao came to power, I was asked by St Stephen\’s College to debate the prospects of the new economic reforms with Abhijit Sen, a prominent Left-wing academic. I told the college that the

After years of discussion, it seems the plan to lay a mammoth gas pipeline from Oman to India is on its way out. The Omanese minister for industry has expressed doubts about the technical feasibility of the pipeline, and so

Now that we a have a ruling coalition including many regional parties, we hear much talk of economic federalism. Critics claim the Centre has over the years usurped power belonging to the states. Maybe so. But if the Centre has

I am astonished that the Indian press has paid so little heed to the remarkable events in Andhra Pradesh. Two years ago, the Telegu Desam Party (TDP) swept into power on a platform promising rice at Rs 2 per kilo,

There is an old Indian joke mat an honest politician is one who takes bribes and delivers the promised contracts, whereas a dishonest politician is one who takes money but does not deliver. In Mr Narasimha Rao\’s case, this looks