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Despite the crisis, a clear message must be sent to the investor community that India is open for business. There was an initial spurt of…

Raghuram Govind Rajan is a lucky man. Two weeks into his new job as Governor of the Reserve Bank of India his friend Ben Bernanke,…

Sometimes India’s economy resembles a rambunctious teenager brought up short by a finger-wagging headmaster. Our finance minister can now recite with his eyes closed a…

Three economists are gazing at a glass half full of water. The optimist sees a glass half full. The pessimist sees a glass half empty.…

The day before this issue of Business Today hits news stands, America will vote for a new president. The day after you invest less than…

A laughter club in Mumbai is forced to “zip it” because a humourless neighbour is disturbed, not long after a 63-year-old cartoon unleashes a cleansing…

Caprice and cowardice were both on display last fortnight. Ten days after a bunch of state election results delivered a hard punchi in the Congress…

The economy is whirling around in a populist spiral Pranab Mukherjee is starting to look worryingly like a feckless heir squandering his generous inheritance while…

By the time this issue of Business Today hits the news stands, voting for new governments in three Indian states will be completed. The seven-…

Stock markets and their behavior are an inexact science. Technical analysts will study head and shoulders patterns, Fibonacci retracements, stochastic oscillators and sundry chicken entrails…

I remember my first car with great fondness. It was a Fiat 1100D, and I crashed it barely a month after my wife and I…

Of all the functions of the Reserve Bank of India (RBI), there is one routine task crucial to the health of the economy: incinerating the…

Whatever else the government is butter-fingered at doing, it is adept at keeping the results of its impetuosity in a state of continuing suspense’. The…

Two experts on Soviet studies, both lecturers in major universities, were in­ formed late last month by the University Grants Commission (UGC) that their appli­cations…

RANAB MUKHERJEE’s first budget, at first glance so redolent of status quo, is peppered with little booby traps. Two paragraphs in his speech have caused…

Two experts on Soviet studies, both lecturers in major universities, were informed late last month by the University Grants Commission (UGC) that their applications for…

Deep inside the jungle in northernmost Mizoram, a lone man brews a tin mug of tea in the early morning haze. He is squatting on…

Last week-end the seesaw battle being waged by Swraj Paul to take over Escorts and DCM slowed to a less suspenseful motion when the London-based…

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…

One of the misconceptions spawned by the Bihar Press Bill is that it will emasculate Bihar’s journalists. The truth is that Bihar’s journalists have already…

“Everybody is going to die, but I am going to die last” He started out as a scrap trader in Patna. Today, with a personal…

Nitish Kumar’s victory in last month’s Bihar election celebrates the triumph of economics over feudalism, but the climb out of poverty will be steep and…

The Reserve Bank Of INDIA (RBI) IS the best-run company in India: transparent, diligent, accountable, and (ostensibly) in­ dependent. Its official capital is a paltry…

India’s economy is lurching like a car with two flat rear tyres. The monsoon has been better than expected: a bumper kharif crop is expected,…

Two-third of indians depend on agriculture for their livelihoods. As our farm crisis deepens, the government is tinkering around the edges by pushing irrigation, rural…

Narender Modi’s first term in office will be bracketed by malodorous stand-offs with two governors of the Reserve Bank of India. The bad blood between…