The Times of India

People ask me, will the exchange rate go to Rs 70 to the dollar? I reply, why not Rs 80? Indian analysts are in denial. They don’t dare face up to the full consequences of the global financial hurricane originating […]

Make no mistake, a second Asian Financial Crisis is on its way. This storm will not blow over soon. It originated in the US, when the Fed proposed to taper and end quantitative easing. The frightening thing is that this

The Land Acquisition, Rehabilitation , and Resettlement Bill introduced in Parliament is a terrible piece of work. It is a Luddite proposal that threatens all economic development. Some critics have focused on its high compensation norms. But its worst provisions

Narendra Modi, chief minister of Gujarat, chose Independence Day, August 15, to launch his campaign to become prime minister. He is not formally the BJP’s official candidate, but makes no bones about his ambition. Even as Manmohan Singh made one

In several areas, Indian rules and regulations make honest business impossible. The only choice is illegal business or no business. This underlies the suspension of Durga Sakthi Nagpal, the IAS officer in Uttar Pradesh who took on the sand mafia

How much does a poor man\’s meal cost? One politician said Rs 5. Another said Rs 12. TV channels had a field day going around dhabas in cities, looking for cheap meals. Unsurprisingly, they found that even cheap dhaba meals

When China reduced people in poverty by 220 million between 1978 and 2004, the world applauded this as the greatest poverty reduction in history. Amartya Sen, Joseph Stiglitz and all other poverty specialists cheered. India has just reduced its number

Last week I visited tribal areas in Gujarat to see how technology and an activist NGO could empower once-powerless tribals to get their full land rights under the Forest Rights Act, 2006. The Act provided for land titles to be

Most people are so outraged by the rising tide of criminals in politics that they will welcome the two latest Supreme Court judgments. One bans any convicted person from contesting elections even if the person has appealed to a higher

For all the current gloom about the economy, the 2011-12 data on employment and consumption shows a remarkable one-third increase in average household consumption over two years, well above the rate of inflation. This will fuel Congress hopes to fare