-The Hindu   Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...

-Live Mint   Rights laws offer an important lesson for the new government: you cannot legislate your way out of state failure It is well known that the Indian state suffers from a serious crisis of implementation capability. So deep is this crisis that it cannot even reliably perform the most routine tasks like moving money and getting employees to show up at work. So, it is hardly surprising that rights laws have...

-The Indian Express Candidates are expected to spend up to R11,000 crore collectively Election spending by candidates and the state machinery for the upcoming General Elections is expected to bring about only a marginal rise in the GDP growth of the world's largest democracy. Poll expenditure, which is estimated to touch Rs 11,000 crore by candidates in the country's 543 Lok Sabha constituencies could increase the country's gross domestic product by about...

-Down to Earth Bad loans of public sector banks to business are more than double the food subsidy There are some things you simply do not do in the liberalised economy. You do not put bank loans under the lens-unless these are ballooning out of control. That is, until such loans are likely to jeopardise the entire banking system and send the economy into a tailspin. And there's another thing: you don't...

-The Hindu Like 75-year-old Mano Devi, many villagers of Latehar in Jharkand have been running from pillar to post to get Aadhaar card Latehar: At 11 am, Mano Devi reached the Garu block centre, Latehar, in a basket slung from a bamboo stick, carried by two youths from village Doram, 25 km away. The young men, Bhojendra Singh and Mithu Singh, went straight to the pragya kendra (IT centre) but Mano Devi...