WILL THE EUPHORIA REMAIN ?
Gandhi must have been passing through an extremely clairvoyant phase when he came up with this statement in the Thirties. In the thirty years that…
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Letter from the Editor
THERE can be little more excitement for the media than to chronicle political events from inception to climax. Opportunities tend to be rare, but as…
ADB COMES UNDER FIRE FOR LENDING POLICIES
29 April 1988 Reuters News English (c) 1988 Reuters Limited MANILA, April 29, Reuter – The Asian Development Bank’s lending policies came under fire at…
BankAmerica committed to India wholesale banking
10 December 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, Dec 10 (Reuters) – BankAmerica Corp will sell its retail banking business in…
WIDOW OF INDIRA GANDHI ASSASSIN SET TO ENTER INDIA PARLIAMENT
23 November 1989 Reuters News English (c) 1989 Reuters Limited CHAMKAUR SAHIB, India, Nov 23, Reuter – Long before Bimal Kaur Khalsa’s motorcade churns into…
INDIA LOOKING TO SUBSTANTIAL AID FROM IMF, DONORS, OFFICIAL SAYS
27 August 1991 Reuters News English (c) 1991 Reuters Limited TOKYO, Reuters – India hopes to receive substantial financial aid from a consortium of donors…
INDIA WILL ASK IMF FOR MORE FUNDS – MINISTER
13 April 1992 Reuters News English (c) 1992 Reuters Limited TOKYO, Reuters – India intends to ask the International Monetary Fund (IMF) for more contingency…
RBI will not allow rupee volatility – Chidambaram.
29 August 1997 14:33 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Aug 29 (Reuters) – Indian Finance Minister P. Chidambaram said the rupee’s…
THE JANATA PARTY – Will It, Won’t It, Will It, Won’t It Split?
The Janata Party will soon split. The Janata Party has always been a loose coalition. The Janata Party’s constituents have view-points and ambitions that differ…
Mai-Baap re Baap
The Civil service still remain a big draw FRESH OUT of South Africa, Mohandas Gandhi made F a particularly strong speech in Benares in February…
INDIA, THE CLASS ACT
With this kind of rebellious example, how will fair play and righteousness prevail? Won’t the lower castes get out of hand? In this decadent age,…
Breakout Companies
Raghuram Govind Rajan is a lucky man. Two weeks into his new job as Governor of the Reserve Bank of India his friend Ben Bernanke,…
Cheat Funds
Sometimes India’s economy resembles a rambunctious teenager brought up short by a finger-wagging headmaster. Our finance minister can now recite with his eyes closed a…
Watch Your Step
Three economists are gazing at a glass half full of water. The optimist sees a glass half full. The pessimist sees a glass half empty.…
Are Indian CEOs Overpaid?
The day before this issue of Business Today hits news stands, America will vote for a new president. The day after you invest less than…
INDIA : Return To Normalcy
Prime Minister Indira Gandhi’s dramatic announcement on January 18 that the Emergency in India is being relaxed and that elections to the Lok Sabha will…
Deal Chahta Hai
A laughter club in Mumbai is forced to “zip it” because a humourless neighbour is disturbed, not long after a 63-year-old cartoon unleashes a cleansing…
MRS GANDHI Vs. THE CHALLENGERS
Speaking about the 1971 elections to a Newsweek correspondent, Mrs Indira Gandhi had said: “I am the real issue in this election.” In 1977, too,…
THE NEW DEAL IN NEW DELHI
There had been many signs of the anti-Congress wind in the final days of the 1977 election campaign, but its magnitude amazed the canniest political…
Prem Ji Is Back
By the time this issue of Business Today hits the news stands, voting for new governments in three Indian states will be completed. The seven-…
Buy Me, Buy Me Not
Stock markets and their behavior are an inexact science. Technical analysts will study head and shoulders patterns, Fibonacci retracements, stochastic oscillators and sundry chicken entrails…
Going Nowhere
I remember my first car with great fondness. It was a Fiat 1100D, and I crashed it barely a month after my wife and I…
BAHUGUNA’S BLITZ
If Politics is the art of deception, the Congress(I) symbolises its highly developed state. After crying itself hoarse about its inability to conduct the Garhwal …
Reserve Bank-Money to Burn
Of all the functions of the Reserve Bank of India (RBI), there is one routine task crucial to the health of the economy: incinerating the…
Signs Of The Times
There was the baby-faced ex-pilot, all thumbs as he handled the controls in his political flight simulator; the rough-spun son of the, soil, a man…
Spoil Of Sycophancy
For all those journalists who think they belong to a thankless and poorly-paid profession, there is hope on the horizon. It comes from the latest…
Laldenga’s War-Dance
Events In Mizoram seems to be moving Inexorably towards a resumption of Insurgency The cease-fire agreement, which came into effect at midnight on July 31…
Uttar Pradesh – Peace of The Graveyard
I know no one can do me no harm because happiness is a warm gun. Yes it is. Vishwanath Pratap Singh had cause to be…
Ends of Justice
Gauhati and Jorhat and small batches people took out processions in protest against the decision to hold the elections. Even political parties opposed to the…
Sharing Losses
Last week-end the seesaw battle being waged by Swraj Paul to take over Escorts and DCM slowed to a less suspenseful motion when the London-based…
Marching To Discovery
In the coolness of the early morning there is little traffic on National Highway 3. Outward bound from Nasik, the tar stretches infinitely in mottled…
TOILET -TRAINING INDIA
On September 25, the day Prime Minister Narendra Modi received the Gates Foundation’s Global Goalkeepers Award in New York for his leadership of the Swachh…
BANK THE RESERVE
The Reserve Bank Of INDIA (RBI) IS the best-run company in India: transparent, diligent, accountable, and (ostensibly) independent. Its official capital is a paltry Rs…
SHOW ME THE JOBS
The government is striving mightily, but the needle is moving inexorably lower on the jobs meter. The Centre for Monitoring Indian Economy (CMIE) and the…
CLEFT STICK
When Aung san suu kyi won the Nobel Peace Prize in 1991, two years after the Dalai Lama and two years before Nelson Mandela, she…
A FIRST-RATE PROBLEM
India’s economy is lurching like a car with two flat rear tyres. The monsoon has been better than expected: a bumper kharif crop is expected,…
CLOSE,, BUT NO CIGAR
Finance Ministers take on a certain air when they think things are going swimmingly and nothing can rock the economy when it is cruising along.…
FINGER ON THE PULES?
Two-thirds of Indians depend on agriculture for their livelihoods. As our farm crisis deepens, the government is tinkering around the edges by pushing irrigation, rural…
KEEP THE BALLAST
Narendera Modi’s first term in office will be bracketed by malodorous stand-offs with two governors of the Reserve Bank of India. The bad blood between…
VIRAL FEVER
Start exercise your smartphone thumb, because the next big election will be fought on our mobiles. The latest Internet and Mobile Association of India survey…
Clutching At Straws
We are so frozen in the headlights of the on rushing slowdown that even a flicker leads us to believe that we have seen friendly…
RED-LETTER DAYS
This is a year of anniversaries , some unpleasant, some prescient, some momentous. CE 2019 is important not only because of the Bharatiya Janata Party’s…