For the Government of India the first phase of the national solar mission has been a grand success. It not only managed to attract industry to invest in the generation of an energy considered costly, but also dramatically drove down the cost of producing this energy. In its celebration, little did the government realise that a major conglomerate had subverted rules to acquire a stake in the solar mission much...
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Is Indian bureaucracy the worst?
-The Economic Times Bureaucracy bashing is India's favourite national vocation. And for good reason. Our bureaucracy has its good share of crooks, criminals and cheats who need to be put away - with or without a Lokpal. The simple counter-question is, does the bureaucracy have a disproportionately larger share of crooks than in other professions in India, and the data clearly does not say a resounding yes. In fact, there is perhaps...
More »The magic number
-The Economist A huge identity scheme promises to help India’s poor—and to serve as a model for other countries INDIA’S economy might be thriving, but many of its people are not. This week Manmohan Singh, the prime minister, said his compatriots should be ashamed that over two-fifths of their children are underfed. They should be outraged, too, at the infant mortality, illiteracy, lack of clean drinking water and countless other curses that...
More »Reform by numbers
-The Economist Opposition to the world’s biggest biometric identity scheme is growing FOR a country that fails to meet its most basic challenges—feeding the hungry, piping clean water, fixing roads—it seems incredible that India is rapidly building the world’s biggest, most advanced, biometric database of personal identities. Launched in 2010, under a genial ex-tycoon, Nandan Nilekani, the “unique identity” (UID) scheme is supposed to roll out trustworthy, unduplicated identity numbers based on...
More »FDI policy: Indian consumers should have more choice by Nirmalya Kumar
Most developing countries have a love hate relationship to foreign investment. They love the jobs that it creates, the technology that it accompanies, the additional choices that it provides, and the local millionaires/billionaires it creates through creative phased restrictions. On the other hand, since many developing countries have a colonial heritage, and cash is concentrated amongst developed world MNCs, the host are wary of it. The more nationalistic elements within a country...
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