When McKinsey Comes To Town- Book Review

McKinsey, the storied global management consulting firm, will be celebrating its centenary in 2026. Walt Bogdanich and Michael Forsythe, both journalists with the New York Times, use their considerable investigative skills, to craft an evidenced, albeit selectively curated, assault to expose the rot behind McKinsey’s public image. It makes for a riveting read but fails […]

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Regulating Political Parties and Opaque Election Finance

Elections are to democracy what financial markets are to the economy. Elections channel the flow of political power, from the people to the government via political parties, which act like asset management companies in financial markets, enhancing market contestability and assuring stability. The absence of an omnibus law to regulate elections and political parties in […]

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CBDC: Minting the Future

Central Bank Digital Currency (CBDC), a new asset class and system for global and domestic payments and settlements, has been under active research and development since around 2015. Oddly, the United States (US) seems relaxed about joining the race. United States makes up for lost time Reflecting this institutional languor, Jerome Powell, Chair of the US […]

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Valuing Our Common Future

Ecologists and environmental economists’ scorn how superficially countries maintain their financial and national accounts. Amounts spent on building human skills, providing education, nutrition, safeguarding health, land, air and water quality or forests are classified as consumption expenditure in the national accounts, except for the associated construction and equipment purchased. Budgetary allocations in India for such […]

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The cheetah returns: Rewilding India

The import of cheetahs from Namibia to diversify the fauna in our national parks, seven decades after it became extinct in India in 1952, is a tiny reminder of the many benefits of linking ever closer with Africa- the last frontier of abundant natural resources with the highest potential for future growth. Importing diversity This […]

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