The Times of India

Green Illusions and Starvation

Many young idealists condemn the energy guzzling of our consumerist age, which burns fossil fuels and causes pollution and global warming. Many hark back with nostalgia to the good old pre-industrial days of organic farming. I agree that we waste energy terribly and pay scant regard to environmental damage, and badly need to reverse both […]

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Who\’s afraid of Subordinacy?

Dear Sukumar Muralidharan, I read your article the other day in Frontline magazine. You echoed the standard left-wing line against the GATT accord (popularly called the Dunkel Draft), implying that India should leave the global trading system which has been signed by 126 countries. Your main objections were that (a) GATT represents an unequal trading

Who\’s afraid of Subordinacy? Read More »

Who\’s afraid of Subordinacy?

Dear Sukumar Muralidharan, I read your article the other day in Frontline magazine. You echoed the standard left-wing line against the GATT accord (popularly called the Dunkel Draft), implying that India should leave the global trading system which has been signed by 126 countries. Your main objections were that (a) GATT represents an unequal trading

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Pariahs are totally Sovereign

The Lok Sabha debate on GATT and the Dunkel Draft was marked by lamentable ignorance of what sovereignty is about. Speaker after speaker complained that GATT would erode the sovereignty of India. In fact, membership of any international group binds India to group rules, and to that extent limits its sovereign right to do whatever

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How not to tackle Poverty

For decades, people have worried that the fruits of economic growth will not reach the poor, and that special efforts must be made by the state to ensure that this happens. Compounding these worries has been the famous hypothesis of Simon Kuznets, the economic historian, that inequalities widen in the initial stages of economic development

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Satellite TV is a Liberator

For those who believe that satellite TV is a form of western cultural imperialism, here is some news. For the first time in history, India\’s Republic Day was seen live all over Asia on Star TV, and the fuming politicians and intellectuals of Pakistan could do nothing about it. The budget speech of Dr Man

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Don\’t Twist Corporate Democracy

Many promoters of companies, multinationals as well as Indian businessmen, are voting themselves new allotments of shares at highly preferential prices, sometimes one-fifth the market price. This benefits promoters at the cost of minority shareholders, and would be banned in many countries. Yet, company after company is doing this in India, all -the-name of corporate

Don\’t Twist Corporate Democracy Read More »

Don\’t Twist Corporate Democracy

Many promoters of companies, multinationals as well as Indian businessmen, are voting themselves new allotments of shares at highly preferential prices, sometimes one-fifth the market price. This benefits promoters at the cost of minority shareholders, and would be banned in many countries. Yet, company after company is doing this in India, all -the-name of corporate

Don\’t Twist Corporate Democracy Read More »

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