The Big Squeeze

Turkmenistan’s “President for Life” Saparmurat Niyazov erected a 50-ft gold-plated statue of himself in the centre of the capital Ashgabat, eight years before he gave…

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AN HEIR SPLITTING LEGACY

The story is as complicated as the whorls on a fingerprint, a ready-made screen-play bursting with grandeur, feudalism, pretension, and the tattered remnants of pomp…

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HOLLOWING OUT

Privatisation will work only when the government sells more than 50 per cent of a state-owned company’s capital to the public and relinquishes management control.…

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SELL SELL SELL

Two numbers speak eloquently about our schizophrenia over privatisation: the Rs 2.11trillion ($32.5 billion) package announced on October 24 to recapitalise public-sector banks (PSBs); and…

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