Ever since Gunnar Myrdal’s Asian Drama, which castigated India as a “soft state”, western observers, as well as many members of the Nehruvian wing of Macaulay’s children, have failed to understand the anarchical society which has existed in India for millennia. A recent review (Journal of Economic Literature, September 2009) by Lant Pritchett (a former World Bank official in Delhi) of Financial Times’ former India correspondent Edward Luce’s book In...

There is a growing chorus of views - representing some very influential writers in India and elsewhere - in favour of direct cash transfer into poor people's bank accounts as a more efficient social security net than the National Rural Employment Guarantee Scheme (NREGS). Economist Arvind Panagariya has called direct cash transfer ''the least costly policy to give immediate relief to the poor". Having returned from a series of field...

Civil society's demand to appoint Kiran Bedi as the next Chief Information Commissioner has started an interesting debate. It has several dimensions. One section of media, albeit very small, is projecting that there is intense lobbying going on for Bedi. The word "lobby" has unholy connotations and at times, implies vested interests. Is it that one day I, Aamir Khan, Anna Hazare, Subhash Chandra, Baba Ramdev, Madhu Trehan, Shabana Azmi,...

The Assembly elections saw the culture of “coverage packages” explode across Maharashtra. In many cases, a candidate just had to pay for almost any coverage at all.  C. Ram Pandit can now resume his weekly column. Dr. Pandit (name changed) had long been writing for a well-known Indian language newspaper in Maharashtra. On the last day for the withdrawal of nominations to the recent State Assembly elections, he found himself...

The philosophy of self-aggrandisement defies social logic. Seven leading banks in the United States of America had last year incurred an aggregate loss of $82 billion; the chief executive officers of these banks nonetheless claimed and collected annual bonus to the extent of $38 billion. The economy might lie in ruins; that did not distract sharks from zooming in on their prey. Our corporate sector has shaped itself in the...