-The Hindu Building ‘capitalism with Indian characteristics’ means decisions cannot ignore concerns of voters and communities As the economy slows down and the rupee wilts, Manmohan Singh has bitten the ‘reforms’ bullet with both eyes on the credit rating agencies whose negative reports have done much to dampen the ‘animal spirits’ of investors, foreign and native. Last November, when the Congress party made a push to introduce foreign direct investment in multi-brand retail,...

-Open the Magazine It was good, it was brief There is a type of talented Indian who lives in the United States with his austere wife to whom he lost his virginity, and has two children who are good at spelling. He walks with a mild slouch. He is still intimidated by White waiters, but not Black waiters. In an elevator, chiefly in an elevator, he suspects he is probably small. He...

-The Indian Express From Nariman Point to Tirupur, from broking firms to ancillary industries — as a two-part series in this newspaper has illustrated — the economy is seeing a steady contraction in employment opportunities. The economic and social cost is sobering but the UPA should also worry about the political implications. Lakhs of jobs are being lost when India is heading for a general election that could be decided primarily...

-CNN-IBN A drought of a different kind has affected Karnataka. One of governance. While 27 districts in the state are facing a rainfall deficit and farmers are worried, the state's Agriculture, Water and Rural Development Ministers have not taken corrective steps. In fact, what they are more bothered about is who should be sitting in the Chief Minister's Chair. Estimates show that just about 15 per cent of the crops have been...

-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...