The Union Cabinet wants to ban all forms of cigarette advertising. I do not smoke, yet am uneasy about the ban. If a product is a social menace, we should ban it. But if it is good enough to produce, […]

Last week, I predicted a global recession, exuding gloom about the future of the Indian economy and the IT industry in particular. I said the world typically went into recession when the price of the oil crossed $30 per barrel

Industrial production is rising, exports are booming, foreign exchange reserves have gone through the ceiling. Even sectors like steel and paper that got trashed during the recession of 1991 are now surging into high profits. Business confidence surveys show an

Industrial production is rising, exports are booming, foreign exchange reserves have gone through the ceiling. Even sectors like steel and paper that got trashed during the recession of 1991 are now surging into high profits. Business confidence surveys show an

Let me return to the question I posed at the end of this column last week: Even if India is a net beneficiary from global flows of brainpower, will we not be still better off if skilled Indians do not

Prime Minister Vajpayee wants to reverse the brain drain. Learned economist Jagdish Bhagwati views the brain drain as a serious leakage out of India. Many economists in past decades have made detailed calculations on how many billions India has lost

The Indian left believes that the US, as the world’s sole super power, simply bombs whom it likes when it likes. Arundhati Roy and others have come out with long lists of countries whom the US has taken military action

As I explained a fortnight ago, GDP can be regarded as the sum of all incomes, or the sum of all value added in production by citizens. The two are equal. So, we could tax all income through income tax