-The Economic Times The India of today would, perhaps, be among the most emotion-driven societies in the world. There would have been nothing wrong per se in this if emotions determined how an individual were to live his or her life, and influenced personal decisions. The big danger is when emotions become the Rosetta Stone to interpret the current and emerging needs of the nation, putting aside facts, objectivity, scientific temperament...
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Singh’s Homespun Plea for Liberalizing India -Chandrahas Choudhury
-Bloomberg It wasn't the Gettsyburg Address -- unless it's poker faces we're comparing. Future historians aren't going to be parsing Prime Minister Manmohan Singh's speech for hidden meanings, and rhetoricians won't be delighting in the majesty of its style and the compression of its effects. It inflamed no passions, as did Mitt Romney's words about the "47 percent," and asserted no big idea or thesis, unless there was one contained in the...
More »New land acqisition bill investor friendly: Rural Development Ministry
-PTI Ahead of a meeting of Group of Ministers, Rural Development Ministry sought to allay apprehensions of industries and infrastructure sectors over the controversial land acquisition bill, contending that the amendments in the legislation are investor-friendly. In a note circulated to the members of the Group of Ministers (GoM) headed by Agriculture Minister Sharad Pawar, the Ministry highlighted that the requirement of consent of all for acquiring land has been diluted and...
More »Oil PSUs: Decoding the math of loss or under-recovery and what it means-Avinash Celestine
-The Economic Times How right was the government when it stated that the under-recoveries posed a threat to 'our national economy'? Or when the government says that it gave more to the sector in the form of subsidies than it earned as fuel taxes? The government would also like you to believe that the under-recoveries, dependent as they are on the price of crude in the international market, and the exchange...
More »India's supermarket move shows its tired government has run out of ideas-Jayati Ghosh
-The Guardian Allowing foreign chains such as Tesco to open in India will drive up unemployment and exploit small producers India's ruling coalition has been rocked after its second-largest partner withdrew this week. The latest round of political instability comes about because prime minister Manmohan Singh announced a number of economic measures without consulting his allies. The announcements – that diesel prices were to be raised, and that India's retail and domestic...
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