The Times of India

World leaders at the G -20 meeting agreed to create new international money worth $ 250 billion. The IMF will oversee the new money called SDRs (Special Drawing Rights). Some people believe–and China fervently hopes—that SDRs will in due course […]

2009 marks the 200th birth anniversary of Abraham Lincoln, and also the end of Manmohan Singh’s term as Prime Minister. Both ended office with awesome reputations as honest men in highly corrupt eras. Lincoln was nicknamed Honest Abe. Singh has

As the world sinks into the worst recession since the 1930s, leaders of the top 20 countries are meeting in Britain to discuss major reforms of the world economic system. There is a consensus that the existing system has failed

For decades, voters have thrown out virtually every incumbent government in New Delhi. Going by history, the current incumbent—the UPA coalition headed by the Congress Party—should be heading for a thrashing, the more so because of the economic slowdown. GDP

Indian politicians and citizens are mostly in denial about the impact of the global meltdown on India. Politicians make brave statements laughing away the slowdown, saying India will be least hit and first out of the slump. Three stimulus packages

Islamabad’s surrender to the Taliban in Swat is terrible news. A moribund Islamabad cannot stop Islamic terrorists from attacking India even if it wants to. It is another matter that Pakistan has long nurtured groups like the Lashkar-e-Toiba to target

High foreign exchange reserves have, in the current global recession, saved Asian countries (including India) from the travails they suffered in the Asian financial crisis of 1997-2000. So, they must aim for rising forex reserves in future too, right? Wrong.

India may have become a miracle economy since 2003, but its largest state, Uttar Pradesh, remains mired in poverty and slow growth. Many people despair of progress in this slough of despond. Yet let me stick my neck out and

Government spokesmen claim that, after dipping in 2008-09, the economy will accelerate again next year. But some of the world’s top economists opined at last week’s Neemrana seminar that the global economy might get worse rather than better in 2009,

Satyam Computers is the Enron of India. Like Enron, Satyam was one of the biggest and most feted companies. Like Enron, Saytam perpetrated a balance-sheet scam with the support of supposedly world-class auditors. Like Enron, Saytam stands exposed as a