We are all of the “buy and forget” generation, which expects not to be distracted from its primary focus — be it mere survival or amassing wealth; remaining young forever; spirituality; saving the planet from self-destruction or just studying to score a perfect 100 per cent in the exams. This extreme focus leaves little time […]Read More Can Modi 2.0 cater to the bindaas Vote and Forget generation?
The Union Budget 2018-19 appears an honest and judicious construct when first viewed on video. Reading the fine print takes some of the shine off, going by precedent. The biggest relief is that there has been no substantive deviation from the path of fiscal discipline. The fiscal deficit for 2017-18 is pegged at 3.5 percent […]Read More FM walks the budget plank gingerly
Before the world became flat in 1990 — to borrow the title of Thomas Friedman’s 2004 book on globalisation — developing countries were locked into twin traps of low access to foreign currency and low levels of domestic savings. India’s anxiety about foreign exchange, to fund imports, goes back to those desperate times when export […]Read More Exports – India’s Achilles heel
All governments game their performance metrics. Smart governments guard against falling for the make-believe themselves. The BJP stumbled in believing that India had earned an entitlement to grow, faster than China, at eight per cent per year. Well-intentioned measures — to end black money, resolve the stressed bank loans and reform indirect taxes added to […]Read More Recapturing growth with stability
Bad ideas are as resilient as cockroaches — the only living being guaranteed to survive even a nuclear holocaust. Both have a tendency to resurface even after being squashed. One such bad idea, originating from the Niti Aayog, is to revive the plan of special economic zones (SEZ) on a much larger scale as a […]Read More NitiAyog’s China style CEZs a big, bad idea
Onions comprise less than 1% by value of India’s agricultural production. The average Indian consumes less than 800 grams of the stuff per month. Onion is a seasonal fruit. Supply traditionally dips during July to September as only the stored winter crop, harvested around March, is available for consumption. No dearth of onions photo credit: […]Read More Some more onions please