-The Hindu The authority of Adam Smith is frequently invoked by supporters of the free market, who argue for extending the market forces to all conceivable goods and services and eliminating any kind of government intervention in markets. However, Smith’s The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations make it clear that he was not a laissez faire or free market...

-The Hindu Business Line The Centre and States must eschew the politically expedient option of loan waivers and look for long-term solutions The sweeping wave of loan waivers has generated serious debates across the country on their economics and likely outcomes. Till date 12 States have announced loan waiver amounting to more than Rs.2 lakh crore. Loan waiver cannot be a solution to address the agrarian crisis, instead the government must look for...

-The Hindu Business Line If the Centre had stuck to its ‘minimum government’ promise, it may have met the note-ban goals – without the pain In a New Year’s Day interview to a news agency, Prime Minister Narendra Modi revisited his government’s demonetisation move of November 2016. Perhaps this was born of the realisation that the notebandi decision and its impact on the economy would likely define the NDA government’s term in...

-The Indian Express Justice Jeevan Reddy in the Mandal judgment held that “a backward class cannot be determined only and exclusively with reference to economic criterion. It may be a consideration or basis along with and in addition to social backwardness, but it can never be the sole criterion...” The decision of the Union Cabinet to provide reservation of 10% for “economically weaker sections of the people who are not covered...

-The Hindu The Aadhaar Bill, allowing private bodies to use Aadhaar as a means to authenticate identity, poses huge dangers On Friday, the Lok Sabha, without any attendant discussion, passed the Aadhaar and Other Laws (Amendment) Bill, 2018. On any reasonable reading it ought to be plainly apparent that the Bill flagrantly flouts both the Constitution and the Supreme Court’s judgment which gave the Aadhaar programme a conditional imprimatur. It is...