Ayodhya verdict: Now, VHP should say sorry for the destruction of Babri mosque
The Supreme Court bench was aware of the political minefield it was treading. Hence, the unanimity as well as the anonymity, both devices preserving the names of individual justices from appearing in public. But there have be
The last chapter of Brexit
All complications of mature political democracies come together in Brexit, crippling the political system’s ability to make a decision with long-term economic impacts.
Modi govt’s dozen own goals on Jammu and Kashmir
It has been obvious for some time that there is a serious dearth of talent in political personnel below the top two.
To counter India’s economic slowdown, a drastic reconstruction of credit markets needed
In mature phases, the state is also part of the economy. It is also a borrower, and an investor. This way of thinking about policy has not yet become common in India
Indira or Kashmir: Why politicians are so sensitive to what Western world thinks
Historically, Indians have never looked Eastwards. They do not think they are Asians. Sir William Jones discovered in the late Eighteenth century (while he was the judge for East India Company’s Law Courts) that Sanskrit ha
Govt must nudge farmers towards non-farm jobs for higher growth
The govt must nudge small farmers towards better-paying, non-farm jobs, and junk the thinking that prized state-ownership
Corporate tax cut fulfils BJP’s promise but won’t fix slowdown
In the short run, the government must re-examine whether its revenue projections for GST make sense given the many effective cuts in the rates paid either due to consolidation of categories, which is an effective tax rate cu
Fear to tread: No winners in the NRC exercise
Let us look at the numbers at stake. In any such statistical exercise, it is routine to say plus, minus 5%. The number excluded is 5% of the total. Statisticians would dismiss these numbers as random measurement errors.
Vikram and Vikaas: Where will the economy go next?
Economic data are subject to large measurement errors. So, 5% is really somewhere between 4% and 6%. Those who fancy they are driving the economy have fuzzy, steamed-up front-view, but even their rear-view mirror is hazy.
Kashmir: No longer a bilateral issue, but a global concern
After 1989, when the Taliban and related Islamist terror organisations poured in from across the border, J&K was ethnically cleansed of Pandits as New Delhi watched.
Indian economy: Growth and cycles
Concurring with the view that the economic slowdown was cyclical, the recent Reserve Bank of India analysis called the three-quarter slide a down phase, but not a trend reversal
Mohan Bhagwat’s reservation poser needs a debate
Bhagwat wishes all reservations would wither away and Hindus could be a single people.
Economic slowdown: Back to Hindu rate of growth?
The ideological core of the BJP cares nothing about economics. It wants to build a Hindu Rashtra and along that path, they have marked goals such as Ram Mandir, Gau Raksha, Hinduisation of the education curriculum, putting Hi
Lok Sabha election results have established BJP as party of the 21st century
The Modi-Shah team obtained a two-thirds majority in the Rajya Sabha and a better than 5:1 majority in the Lok Sabha, which would suffice for a constitutional amendment.
Brexit and Boris Johnson: How to create a crisis to solve another
The real danger of Brexit is uncertainty. Is Boris Johnson bluffing just to make the EU give him a better deal or is he serious?
Air India, PSU banks, any enterprise wasting public money should be sold off
With the mandate Modi has received, he must deliver on his promise of cutting govt presence in business. Air India, PSU banks, hotels—any enterprise wasting taxpayer money should be sold off.
Budget 2019: Nirmala Sitharaman’s focus was on long-run developmental goals, not short-run political gains
Union Budget 2019: The Budget was for the long term and concerned with growth. Issues of water, energy, and environment (e-vehicles) were put in the front.
Budget blues: Why govt isn’t the sole determinant of economic growth
Budget 2019-20: Indian politicians and economic commentators put too much faith in the idea that the government is the sole determinant of growth or stagnation.
Economy or employment: Why numbers don’t tell the whole story
India used to enjoy a good reputation with regard to the quality of its statistical services
Digitise the vote: No reason why, by next Lok Sabha polls, India shouldn’t have made casting votes remotely possible
There is no reason why, by the next general election, India shouldn't have made casting votes remotely possible. In fact, it will save a lot of election-related expenditure.
Fintech is redefining financial services landscape in unprecedented ways
Whatever the conceptual problems, monetary policy won pride of place, and a Great Moderation prevailed between Keynesians and Monetarists.
Why Modi could win the upcoming Lok Sabha election
Modi has delivered more than growth and low inflation—no previous government prioritised cleanliness/sanitation or a cleaner alternative to burning coal/wood for cooking that affects women’s health.
Brexit: A minor miracle is required to come to a decision in time
No proposal may again command majority. Then the UK falls out without a deal and without a transition period on April 12. If so, the economic consequences are the least of the problems.
Why opposition feels it has lost the best chance of defeating Modi
Opposition feels it has lost its best chance of defeating Modi. BJP, on the other hand, is secretly happy that all ‘real’ issues can be forgotten.
To retaliate against Pakistan, what choices does India have?
What the Army will do is quite properly a secret and no amount of outside advice is going to matter. It will, however, alter the dynamics of the election and has to, thus, be of limited duration.
Modi vs Grand coalition: What will the 2019 Lok Sabha election be about?
The difference between the two sides is not so much in economic ideology but in execution of programmes. Modi has been criticised for over-promising but he has not underachieved relative to the UPA-II.
Jobs puzzle: Confusion over use of flexible vs formal jobs in calculation
If the economy has been growing at 7% on average for five years, a 10% drop in employment would imply a 17% rise in labour productivity which would be the highest ever in the world
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