It is often said that humans are the biggest threat to the environment. True. But it is also true that the biggest threat to humans is the environment. The Gujarat earthquake has shown, like hurricanes and droughts before it, that […]

I am extremely glad that such a row has been kicked up about the power tariff of the Dabhol Power Company, in which Enron has a 50 per cent stake. Not because the company is making extortionate profits: that is

The India Millennium Deposit (IMD) scheme, which collected $ 5.2 billion from non-resident Indians in October, was widely castigated as expensive and unwarranted foreign borrowing. But today fears of a global recession are spreading fast. That makes IMD look like

The US is not on par with banana republics where the winner of a presidential election is known long before election day. But the US Supreme Court has just said in an amazing verdict on the Bush-Gore dispute that Americans

Is Hinduism putting on new economic clothes? For the first three decades after independence, India\’s GDP grew at an average rate of 3.5 per cent annually, which was dubbed as the Hindu rate of growth. Creeping liberalisation helped accelerate the

why should the government sell public sector shares at all? and what should the money from disinvestment be used for? there are good and bad reasons for selling public sector shares. for many decades, socialist governments created a huge public

The poor have less income than others. But do they also pay higher prices? This is not obvious. Indeed, the rich often pay more by shopping in posh markets. However, they typically buy higher-quality goods too. The question remains, do

MANY lessons flow from the deadlocked US presidential election, which is beginning to look like something out of Never-Never Land. One major lesson for the United States of America is that pride goes before a fall. Having lectured other countries

The law of unintended consequences says that any policy will typically have consequences not foreseen by either its proponents or critics. Douglas North, the Nobel Prize-winning historian, says successful policy-makers are those who have made shrewd guesses and benefited from

DRAMA, pathos, bathos, amazing twists and turns. The US presidential election has become a sensational non-election. It is stranger than fiction, more thrilling than a Tom Clancy thriller, more suspenseful than an Alfred Hitchcock movie. Some critics are having a