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Vikram S Mehta
President Obama has been awarded the Nobel Prize not for what he has achieved, but for what it is hoped he will achieve.
Every now and then it is necessary to turn to history for a reality check. This is because whilst history is not a perfect guide for the future, it is arguably the best we have.
‘The public have just voted us into power. We should not respond by raising the price of petrol and diesel’—thus was the politicians’ response in June to the government’s proposal to deregulate the price of petroleum products.
Global warming—three current realities; one subjective surmise and a concluding call for public opinion to drive the case for urgent and collaborative action to prevent, mitigate and adapt to the consequences.
A project to provide Indians with a ‘unique’ identity can be variously interpreted. Narrowly construed, it can be seen as an effort to arrest misappropriation, misrepresentation and misallocation.
Self-regulation is an implicit but important tenet of liberal democratic capitalism. Sure, there are rules and constraints but more to define the framework of economic and political competition than to direct individual’s behaviour.
The new government—whatever be the acronym of its political combination—will take office against the backdrop of a combustible combination of global threats—terrorism, financial meltdown, energy scarcity, climate change, regional civil strife and possibly a pandemic virus.
Gas has started to flow from Reliance’s gigantic East Coast discovery. This has significance not simply because of the monetary benefits that will accrue to the company and the government or indeed because of the savings on account of a reduced oil import bill and lowered financial...
The ‘Great Depression’ of 1929-1931 was not foreordained. It was rather the direct result of a chain of decisions taken by the individuals in power. Some of these decisions were taken in the 1920s; others after the initial crisis began to unfold.