-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,...
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Antidote to World Bank prescription-K Subramanian
A scholarly study of corruption in the larger context of societal growth and development Corruption is no longer a word and has become a noise. Debates on corruption have reached high decibel levels and the world is no closer to solutions. Given the complexity, there are as many views as there are participants. Some speak from high moral pedestals like those from the rich, donor countries. It is no surprise that...
More »For a fair deal -Kirti Singh
The amendment to the Marriage Laws Bill needs to be redrafted to ensure, among other things, greater economic rights for divorced women. SINCE the 1950s, successive amendments to different personal laws on marriage and divorce have mainly focussed on enlarging the grounds for divorce. In the 1960s and 1970s, cruelty and desertion and thereafter mutual consent were added as grounds for divorce in the Hindu Marriage Act (HMA) and the...
More »A healthier India: Need to resolve conflict between drug price controls, innovation and affordable healthcare-David Taylor
The debate about essential-medicine pricing and access in India illustrates the difficulties inherent in establishing policies that serve conflicting public interests in achieving goals such as caring well and ensuring safety for all, while also pursuing financially-sustainable success in scientific innovation and trade. It highlights problems facing those interested in continuing drug and vaccines development and ensuring that, once marketed, such products contribute effectively to improving public health. Modern pharmaceuticals...
More »A standard & poor way of remote control-Sunanda Sen
Remote controls are identified as technical devices which are used for various purposes ranging from the launching of space-ships to the monitoring of toy cars. But of late, these devices are being used to direct policies for nation states which are formally sovereign. We speak here of the powerful lobby of international credit rating agencies like Standard and Poor's (S&P), which has just delivered its sermon that India is no longer...
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