Globally, a country is called a miracle economy if it attains 7% GDP growth. The latest member of the 7% growth club is, surprisingly, Uttar Pradesh. This should matter in the coming state election. UP has long been regarded as […]
Maya\’s re-election chances boosted with 7% growth Read More »
Everybody fights over nobody’s Bill. That headline sums up the fiasco over the Lokpal Bill. In outraged tones, the Congress accuses the BJP of sabotaging both the Constitutional amendment in the Lok Sabha and the Lokpal Bill in the Rajya
Danger is Lokpal may go Bofors way Read More »
Anna Hazare has threatened a fast and “fill jails” movement to persuade Parliament to place the Central Bureau of Investigation under the new anti-corruption Lokpal. He says a Lokpal without an investigative wing is toothless. The government replies that the
Strong Lokpal, weak judiciary recipe for failure Read More »
Slowing tax revenue and rising government spending on food security and universal health threaten to send the fiscal deficit skyrocketing next year. To check this, many experts want to raid the surpluses of public sector undertakings (PSUs). These surpluses have
India should not fritter away PSU profits from commodity boom Read More »
Government data is often dismissed as too good to be true. But the October data for industrial production, minus 5.1% overall and minus 6% for manufacturing, is too bad to be true. Either it will be revised upward substantially, or
Why IIP\’s -5.1% industry slump doesn\’t make sense Read More »
Government data is often dismissed as too good to be true. But the October data for industrial production, minus 5.1% overall and minus 6% for manufacturing, is too bad to be true. Either it will be revised upward substantially, or
Why IIP\’s -5.1% industry slump doesn\’t make sense Read More »
The rupee has crashed from Rs 45 to Rs 54 to the dollar, before recovering slightly to Rs 52.80 on Friday. Dismayed corporations and politicians want the Reserve Bank of India (RBI) to intervene in currency markets and prop up
The crash of rupee is crash of confidence Read More »
Faced with opposition from its own allies like Mamata Banerjee, the government has shelved its proposal to allow Walmart and other multibrand foreign retailers to have majority stakes in Indian hypermarkets. Critics have accepted the bogus claim that foreign retailers
Online shopping is the real threat to small shopkeepers Read More »
The 27 countries of the EU will hold a summit on December 9 in what has been called the last chance to solve the eurozone financial crisis. However, in politics, \’last chances\’ are rarely final. The eurozone has already gone
December 9 European Union Summit: Solution to the eurozone crisis or a fudge? Read More »
Last week, 50 million shopkeepers and traders staged a bandh against the government decision to allow 51% foreign investment in multi-brand retail chains. What this actually proved was the hollowness of the claim of small shopkeepers to be weak underlings
Aam bania is more powerful than the aam aadmi Read More »
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