Larry Summers, the recently departed Chairman of US President Barack Obama’s National Economic Council, posed the following question before his trip to India last November: “What is the self-perception of the Congress as a Political Party?” In fact, this broad question provokes three specific ones in the domain of economics. Is the Congress the party of Jagdish Bhagwati or Amartya Sen; Nehru or Indira Gandhi; or Aruna Roy or Nandan...

At least 100,000 trade unionists marched through New Delhi on Wednesday in a protest against high food prices and unemployment, piling pressure on an administration under fire over corruption scandals. The demonstration was the biggest in New Delhi in years and included members of a trade union linked to the ruling Congress party, reflecting disquiet within the party over food inflation which hit a high of over 18 percent last December. It...

Then Clive Lloyd took over the West Indies cricket team, he knew he was no Garfield Sobers. Lloyd focused on infusing discipline and strategy sessions with the team. "Both exceptional leaders, Sobers led by example, while Lloyd built a team. I suspect Jairam Ramesh is more like Sobers," an environment analyst sums up his assessment of the minister. The Sobers analogy crops up, in explicit and implicit ways, in any...

Even four years after the Sachar Committee Report revealed that Muslims were one of the most economically backward and socially disadvantaged communities, nothing much has been done to address the development deficits of this community. The Constitution of the republic of free India was crafted in troubled but idealistic times. The Indian people were still reeling from Partition bloodshed and the assassination of Mahatma Gandhi, in the dark shadows of politics...

There was in fact a successful auction of spectrum — only it was not conducted by the government but by its corporate sector cronies who made a fortune on the deal. On one pronouncement of his, you have to agree with Prime Minister Manmohan Singh. His is not a ‘lame-duck government.' Cooked goose seems the more appropriate soubriquet. However, not a single new scam worth over Rs. 1 lakh crore has...