The upside of farm laws repeal

The dominant view is dire on the impact of the proposed roll back of the three Farm Laws, enacted in haste in 2020, even as the pandemic raged. Opinion is divided whether it is proof of the government’s shallow commitment to deep reform or that it proclaims doom for agriculture, which has committed Hara-kiri by […]

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Institutionalizing Net zero

India bought transition time at Glasgow by committing to net zero carbon emissions only by 2070. Advanced economies have mostly clustered around a nearer time frame of 2050, as befits their culpability, in depleting the global carbon envelop, and their enhanced technological and fiscal resources. China chose emissions peaking “before 2030” but a long transition […]

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Feel the Earth move beneath your feet

Carole King, an American songwriter, recorded these lines in 1971: “I feel the earth move beneath my feet, I feel the sky tumbling down…”. King’s emotions were sentimentally human but in retrospect she seems to have been prescient. Back then, environmental activism was nascent. Greenpeace, the activist environmental organisation, was just being founded. Ignore Red […]

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Sharing the pain at Glasgow

In the run up to the COP26 Summit in Glasgow on 31st October, enthusiasm bubbles over. This is as it should be. Preserving the world as we know it requires cutting back on the 34 giga tons (2018) of annual CO2 emissions, 37 percent of which is by the 16 percent of the global population in high-income economies. To […]

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To spend or not to spend

Governments are habitually profligate and gladly eat into an ever-larger share of GDP growth. The United States, the richest, big country in 1990, spent 40.6 percent of GDP on government expenditure. By 2011 its government was spending even more at 43.7 percent of the GDP. Countries which went in the opposite direction were rare- such as […]

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Renewing our future at Glasgow

In the world of venture capital, market share matters more than profits because scaling-up builds investor expectations. By this metric, renewable energy is already the future. India’s renewables share in total generation doubled from 5.6 to 11 percent over the past six years since 2015. A share of 25 percent is targeted by 2030 primarily […]

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Leasing-out operational public assets to boost private investment

The Modi government launches new initiatives with blindsiding flamboyance. The National Monetisation Pipeline (NMP) announced August 23 does not disappoint. It targets raising INR 6 trillion over four years (Fiscal 2022 to 2025) by leasing out operational public sector assets. The target for this year, with just six months in hand, is INR 0.9 trillion when disinvestment […]

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