The government is rescuing bust public sector banks with Rs 135,000 crore of recapitalisation bonds as part of a Rs 211,000-crore package. RBI governor Urjit Patel calls this “a monumental step“. It could more accu rately be called a decision […]

Dear Narendra Modi, You protested recently that some people sleep well only after spreading pessimism all round. Rahul Gandhi responded by highlighting global pessimism: India has slipped to 110th among 119 countries in the Global Hunger Index of IFPRI (International

Inequality is measured by the Gini coefficient, ranging from zero for total equality to 1 for total inequality. Consumption surveys of the National Sample Survey Organisation show a modest Gini increase from 0.3 in 1983 to 0.36 in 2011-12. Businesses

New Delhi has been abuzz with talk of a big fiscal spending package of maybe Rs 40,000 crore to `kick-start\’ the economy, which has slowed for five quarters in a row. Adding to the excitement has been the virulent castigation

New Delhi has been abuzz with talk of a big fiscal spending package of maybe Rs 40,000 crore to `kick-start\’ the economy, which has slowed for five quarters in a row. Adding to the excitement has been the virulent castigation

Till now, the business phrase “exit policy“ meant the exit of workers, to allow owners to survive and flourish. Now, for the first time, India has an exit policy for owners that allows workers to survive and flourish. If it

Millions of words have been written on the woes of people forcibly displaced by dams, of whom tribal oustees (who lose access to forest produce and grazing) suffer most. The counter-criticism is that these activists bals the right to development.