Wages of Fiscal Imprudence

As per the Budget estimate, India’s fiscal deficit will be 4.6% of GDP and total borrowings will be . 3,43,000 crore. Both these targets are likely to be exceeded. First, the revenue side dep.. Read full story

Famous Populist, Secret Liberaliser

There is no contradiction between accelerating economic growth, being fiscally prudent and showering welfarist handouts to woo voters. An excellent example is documented in The Economic Freedom of the.. Read full story

Passing Adam Smith's Morality Test

As the world economy recovers from the global financial crisis, questions related to causes of the crisis and the inability of economists to forecast it have gained significance. The recent report .. Read full story

Privatising the IIMs

Behind the public view and without any public debate, the Union HRD minister is trying to reshape the public institutional character of IIMs. In a recent meeting with chairpersons and directors of IIM.. Read full story

Give Bush Credit for Arab Revolt

Last December, a fruit seller in Tunisia immolated himself for want of work and because he was being harassed by local officials. This one event sparked a popular uprising in the country that led t.. Read full story

Freedom means faster growth

How do we measure economic freedom, and how relevant is it for economic growth? Some answers come from Economic Freedom of the States of India 2011, a report just brought out by the Friedrich Nauma.. Read full story

Pressure-cooker Politics

In another 24 hours, every party that’s going to fight the crucial elections in four states this summer will finish doing their most gut-wrenching pre-poll activity: selecting candidates who&.. Read full story

Learn, localise, lateralise to grow

Since the economic recession in the West, some observers have dared to say that the Emperor may be insufficiently clad. Economists have dominated the advisory councils of policy-makers. Now many peopl.. Read full story

Handle With Care Or Pay

ARCHANA Chaudhury,a 33-year-old freelance writer,moved to Delhi from Mumbai in June 2010 by hiring a mover and packer.She has unpacked every box of her belongings except one,whic.. Read full story

The responsibilities of wealth

Warren Buffett and Bill Gates are coming to India this July to request our billionaires to give away a large part of their wealth in their lifetime. India now has the third largest number of billionai.. Read full story