A Next Step Called Teesta

…the optimism was diluted by the strong sense of disappointment at the failure to make any breakthrough on the proposed Teesta water-sharing agreement. The presence of Mamata Banerjee alongside Modi had encouraged people to believe that, following what many saw as a very successful visit by her to Dhaka earlier in the year, the heart […]

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Let Grass Roots Decide On Walmart

There is the United States of America and then there is the ‘idea’ of USA that exists in the minds of significant portions of the middle classes all across the globe. How this looks in real life varies slightly according to the region of the world, reflecting specific aspirations and anxieties. In the subcontinent, the […]

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India Clears FDI in Insurance, Pensions in Economy Reboot

Indian Prime Minister Manmohan Singh’s cabinet unveiled a second wave of policy changes intended to bolster a slumping economy as he seeks to restore faith in his leadership and establish a platform for his party less than two years before the next general election. In a move that signaled the Congress party-led government’s intent to push ahead […]

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India: Locked In A Painful Clash, The Congress Government, Or Its Welcome New Economic Reforms, Could Now Fail

HER voice is high and birdlike. Tiny, she is fond of finger wagging. Her party, the Trinamool Congress, has just 19 of the national parliament’s 543 elected members. She offers little beyond vague talk of the “common man”, and after a year running West Bengal she looks ill-at-ease in office. Yet Mamata Banerjee feels she […]

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In India: A Risky Strategy, Born Of Panic

Building ‘capitalism with Indian characteristics’ means decisions cannot ignore concerns of voters and communities, says Siddharth Vardarajan As the economy slows down and the rupee wilts, Manmohan Singh has bitten the ‘reforms’ bullet with both eyes on the credit rating agencies whose negative reports have done much to dampen the ‘animal spirits’ of investors, foreign […]

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