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For whom is India shining?

This is one debate on which jury is still out, and is likely to remain so till kingdom come. It is about public versus private sector salaries. It’s the private sector guys who take cash home in...

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Straight from Ripley’s!

It’s been a week since the curtain came down on the first Commonwealth Games ever to be hosted by India. The impressive performance of our sportsmen and women has already given us reason to celebrate....

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An Unfinished Catharsis

As a mea culpa, it could not have got better. Or should that read ‘worse’? But as an exercise in soul-searching, the report of the Independent Evaluation Office (IEO) of the International Monetary Fund...

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Transparency pays for central banks

The world over, investors and individuals spend time and energy trying to divine the thinking of central banks in order to anticipate their moves. However, this is not easy; central banks tend to be...

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Gentleman Economist

For Raghuram Rajan, recently named chief economic advisor to the finance minister, the shift from the relatively insular world of academia to the red-taped world of bureaucracy is not new. He's done it...

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India's 'Omnishambles'

Last Tuesday, Oxford University Press crowned 'omnishambles' , defined as "a situation that has been comprehensively mismanaged , characterised by a string of blunders and miscalculations" , the Oxford...

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