Wanted- A Big Bang Budget

These are extraordinary times and we witness extraordinary phenomena. Three weeks before the Union Budget, when finance ministers customarily crawl under their carapaces, the honourable…

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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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Panic Button

Reading An Account of the Great Fear, or Grande Peur, that swept across France in July and August of 1789, I was struck by the…

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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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TOO BIG TO FAIL

Independence day is a good excuse for some economic chest-thumping. We should be proud that lndia is a free-enterprise democracy. Imagine the world’s burden if…

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