Friday 26 Aug '11As the Anna-Government battle wages on, and provides maximum grist for the political theatre in a long time, it is easy to lose sight of the central issue of how to best battle corruption behind the clash of personalities and the demands and counter-allegations.
Friday 17 Jun '11Governor Subbarao has dutifully lived up to the market consensus of delivering the 10th rate hike in 15 months—a 25-basis-point rise in the repo and reverse repo rates, bringing them to 7.5% and 6.5%, respectively.
Friday 01 Apr '11The crisis helped them strengthen their competitive position vis-à-vis their private sector rivals, channelled large capital infusions from the exchequer without a murmur and burnished their image as the keepers of the nation’s wealth.
Monday 13 Sep '10There are about 6,38,000 rural settlements in India. The number of rural bank branches in India in March 2009 was just over 20,000. Close to 98% of India’s rural habitations do not have access to a bank.
Saturday 28 Aug '10The government’s recent disclosures in the Rajya Sabha about the participation and concentration in equity and derivatives markets at the NSE have created consternation in a section of the media. This, however, may be an over-reaction.
Saturday 26 Jun '10They say the blackest of the clouds have a silver lining. It is possible that the ongoing Maoist violence will finally focus the nation’s attention on how to deal with the tribals who constitute about 8% of India’s population.
Monday 07 Jun '10The recently concluded civic polls in West Bengal have confirmed—if any further confirmation was necessary—that the tide has indeed turned in the state. The collapse of the Left has been more spectacular than expected.
Tuesday 29 Dec '09As China zooms into the record books with a train linking Wuhan and Guangzhou, over 1,000 km apart, in less than three hours, in India the much-vaunted Indian Railways transformation story of Lalu Yadav is being questioned by his successor Mamata Banerjee.
Wednesday 07 Oct '09Years ago, I had a colleague in a development financial institution who clearly did not have his heart on the job. While chatting with him one day, I found out that he was a former judge in a muffasil town in Madhya Pradesh.
Wednesday 16 Sep '09The ruling Left Front in West Bengal could not have asked for a worse year than the current one. The drubbing it received in the Lok Sabha polls has been repeated in civic and by-elections and there is clear evidence of an anti-Left momentum building up.
Saturday 29 Aug '09As the Ambani brothers’ feud over KG gas embroils the country and the government, it brings to fore, once again, the centrality of business groups, with their complex relationships, to India Inc.
Saturday 15 Aug '09Independence Day provides an excuse for all sorts of well-meaning speculations. We are meant to look forward, after all. So here’s a story that looks forward one whole generation, 30 years to be precise.
Friday 10 Jul '09Coming up with a budget is an arduous task in the best of times. This year it was particularly hard. In addition to the usual reforms vs aam aadmi balancing act there was the constraint of an already stretched fiscal situation. To make things tougher, there were the enhanced expectations from impatient reformists given that this was the first year of a term with a clear mandate.
Tuesday 23 Jun '09While few doubt the “success” of the ongoing “operation” against the Maoists at Lalgarh in West Bengal, the movement itself poses an interesting flashpoint where several socio-political trends have converged.