Deepawali depression unwarranted

Nothing makes Diwali sparkle more than the comforting bulge of spare cash in one’s pocket. This year there are few who could claim that privilege. Suffering in tandem are the unfortunates who catch the trickle lower downstream. Body blows to carefree spending have taken their toll. The combined effect of the Goods and Services Tax, […]

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Should Rahul step up or back?

The Gandhi’s (Rahul, his mom and sister) face an existential crisis. At the heart of their problem is the stance they should adopt for the national elections coming up in May 2019. The dilemma of leadership Doing more of the same would mean upping the ante, matching Prime Minister Modi and Amit Shah taunt-for-taunt, continuing […]

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Ajit Doval’s plain speak

Ajit Doval, India’s National Security Czar is unafraid of plain speak. But he may have overstated his case by opining yesterday that a uniform pan-India governance architecture would be best for the nation. Diversity drives political contestation and change This is not quite the way the Constitution envisages India being governed. India is undoubtedly a […]

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Acclimatizing India

Climate change seems inevitable. Risk takers who go long on property should check out locations in Canada, Siberia and Greenland. These hitherto frozen places are expected to become attractive relocation favourites in a rapidly warming world. Collective action a distant dream The international institutional architecture for concerted effort has been negligent in protecting future generations. […]

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IL&FS Robber Baron of India’s gilded age

India is deservedly an “emerging market”. Information asymmetries are extreme and caveat emptor rules, making investment riskier than it should be. The rapid implosion of the Infrastructure Leasing and Financial Services (IL&FS) — a private group — bears this out. Opaque financials First, consider that no outsider knows how many subsidiary companies it has. Estimates […]

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