Finding ways of shutting out at least some of the capital inflows and addressing India’s vulnerability may be a better way to go than rail at developed economies as the RBI Governor has been doing.
The Indian government’s pursuit of fiscal consolidation in the Union Budget by providing large transfers to the rich, which it calls “tax expenditure”, while trimming subsidies, or expenditures that benefit the poor, is the best example of the ideology of anti-populism.
One has the nagging suspicion that behind the plot of who is out to get the hero, the real theme may be about making a grand case for the corporates that want a free run of the country's mineral-rich swathes.
The new government’s decisiveness in ensuring quick clearances, and incentives for lending, for large infrastructure projects during the honeymoon period will be watched keenly for the benefits it brings to the corporate sector and big private capital even as the rest of India is likely to be left out and not pleased at all.
The right of governments to identify and pursue the most appropriate mix of economic and social policies in order to achieve equitable and sustainable development in their own national contexts should not be inhibited by the threat of legal retribution.
A scholarly, well-researched book shows that the much-vaunted “growth” in Gujarat in the last decade has benefited big capital more than the common man.
Myths have not only survived science and technology but will continue to fascinate creative minds who find in them the threads to weave their own narratives that reflect the traumatic times they live in.
The U.S. Supreme Court ruling that favours hedge funds in a case relating to Argentina’s debt restructuring agreement with creditors over a decade ago “severely erodes sovereign immunity and may be illegal under other U.S. laws”.