The Times of India

Millions of Indians cheered when Tata Steel won the auction for Britain’s Corus, and became the world’s fifth biggest steel producer. The shares of Tata Steel fell over 10%, since investors felt that Ratan Tata had paid far too much. […]

As a libertarian, I instinctively dislike forced acquisition of the property of citizens by governments. So I support the farmer agitations in Singur and Nandigram against land acquisition by the West Bengal government for the Tata and Salim groups. I

Brilliant scientists like CNR Rao, Scientific Advisor to the Prime Minister, can be dead wrong. They say that Indian science and technology are in crisis. Nonsense, technology has never been in better shape. Rao complains that scientists and engineers are

When India opened its economy in 1991, leftists warned that uncompetitive Indian companies would be killed or swallowed up by multinationals. Fifteen years later, the shoe is on the other foot: Indian companies are taking over giant multinationals. In 2006,

Cynical Indians who have long thought that the rich and powerful can get away with murder are suddenly cheering. In the Jessica Lal case, the High Court has reversed last year’s acquittal of Manu Sharma, son of a prominent politician,

The world over, politicians and the media are saying—often in dismay– that India has got a fabulous deal from the US on the resumption of civil nuclear supplies. Many Americans and Europeans accuse President Bush of a sell-out to India,

The Bombay Sensex, comprising the 30 top companies on the stock market, hit a historic high of 14,000 last week, up from less than 9.000 at the start of the year. This was a huge achievement. But the market mood

India is experiencing record economic growth and record crimialisation of politics at the same time. GDP growth in the June-September quarter was a phenomenal 9.2%, raising hopes that India may actually overtake China in the not-too-distant future. Yet euphoria on

Even when markets fail, market-based solutions can often be better than government ones. This needs emphasis in the wake of the Nobel Prize for economics going to George Akerloff, Joseph Stiglitz and Michael Spence, for showing that lack of information

During the visit of Chinese President Hu Jintao last week, there was much loose talk (but no decision) regarding an India- China Free Trade Area (FTA). This is a terrible idea that must be aborted. The most important reason is