The Times of India

The IMF prescribed severe austerity and economic shrinkThey loved Indira Gandhi\’s garibi hatao socialism in the 1970s, which raised the peak income tax rate to 97.75%, along with a stiff wealth tax. At one post-budget press conference, I asked what […]

What is the best way of reducing poverty? The UPA government has highlighted its rural employment guarantee scheme (NERGA). It has allotted huge sums to Sarva Shiksha Abhiyan (education for all) and irrigation. It has increased spending on rural electrification

For 60 years, the International Monetary Fund has bailed out distressed economies, imposing onerous conditions aimed at ensuring that the loans are repaid. The borrowers have often complained that loan conditions violate their sovereignty. The IMF is dominated by rich

What is the best way of reducing poverty? The UPA government has highlighted its rural employment guarantee scheme (NERGA). It has allotted huge sums to Sarva Shiksha Abhiyan (education for all) and irrigation. It has increased spending on rural electrification

RK Pachauri, head of the Inter-governmental Panel on Climate Change, is getting nightmares because of the Nano, Tata\’s Rs 1 lakh car. Sunita Narain of the Centre for Science and Environment (CSE) says that it isn\’t the Nano by itself

Some analysts want to explain away Narendra Modi’s victory in Gujarat by saying Gujaratis are a special breed different from the rest of us Indians: that they have been especially communal since the Muslim destructions of the Somnath Temple; that

When talking to youngsters, I find some want India to become more like the US, and some less so. However, both groups are under the illusion that the US is a bastion of free enterprise. Alas, the supposed Land of

When talking to youngsters, I find some want India to become more like the US, and some less so. However, both groups are under the illusion that the US is a bastion of free enterprise. Alas, the supposed Land of

Ratan Tata says he is a nice guy who does not believe in hostile takeovers. But this has consequences. It means that a takeover target can spit in your face and say that mere association with you will be demeaning,

The Gujarat state election has probably been handed over to Narendra Modi\’s BJP on a platter. The row kicked up by other parties and the media — with Sonia Gandhi calling the BJP \”merchants of death\” — is working entirely