The latest oil shock — an increase from $69 (average Indian import price) to $80 per barrel (Brent) this week — is courtesy the American President, Donald Trump, who unilaterally pulled the United States out of the 2015 deal between Iran and the UN’s Permanent Five (US, UK, Russia, France, China) plus Germany. This spooked […]
Read More Oil shock: Entry point for reform
Three themes undergird the author’s exhaustive narrative of the politics around foreign aid in India between 1950 and 1975, during the early years of the Cold War — the people who made key decisions; the domestic context and, finally, the geopolitical incentives that shaped donor responses. The deal makers Indian officials come across as being surprisingly […]
Read More Book Review: Paying the price for aid
The tea leaves, following the Karnataka elections, are as muddied as they were before it — a hung House, a history of unstable coalitions and in your face examples of money power and shabby politics all around. Modi government a bell-weather for fiscal management The BJP not getting a majority has spooked the financial markets. […]
Read More What Karnataka foretells
One wonders whether Muhammad Ali Jinnah would have been disappointed or elated at a band of misguided, ultra-right Hindus, objecting to his portrait hanging in the students’ union office of the Aligarh Muslim University. Disappointment, at becoming a hate object, would fit well. the elegant, urbane man with a taste for fine suits, that Jinnah […]
Read More Resurrecting ghosts is bad politics
Growth with jobs is the new Eldorado. At its core, the raging debate around job creation in India is really about how far India has traveled down the conventional path of industrialized development and its proxy — long-term employment, with defined benefits and social security. This metric of economic performance is anachronistic in the post-industrial […]
Read More So, you want “good” jobs.
If Marwaris and Banias could fund our Freedom Struggle why not heritage preservation?
Read More Are Marwaris taking over our heritage monuments?