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 mounds of soiled currency notes well past their prime and providing the commercial banks with mint-fresh replacements. Last month, in an effort to clear the backlog of ‘non-issuable notes’-inevitable when…
The story is as complicated as the whorls on a fingerprint, a ready-made screen-play bursting with grandeur, feudalism, pretension, and the tattered remnants of pomp and panoply. The theatre of this absurd epic, Raj Darbhanga in Bihar, has been reduced today to a threadbare relic of the fiefdom’s old glory. Darbhanga was once India’s largest…
Indian foreign policy has always suffered from contradictory tugs and pulls, and last month the Government exposed its tendency to over-react to global developments. Israeli Consul Yousuf Hasseen earned his expulsion with an outspoken interview with Bombay’s Sunday Observer (INDIA TODAY. July 31). But the subsequent announcement by Foreign Minister P. V. Narasimha Rao that…
No point of no return was so final as the one Charan Singh and Devi Lal reached on July 21. The crusty Jat leaders have clashed repeatedly over the last two years and a half-only to be dragged back into uneasy reconciliation every time by mediators. Incredibly, Charan Singh moved to hammer the last nail…
It was a grim warning for all users of intemperate language, and particularly for citizens of India who continue to believe that caste bestows special rights on an individual. Untouchability has long ago been ‘abolished’, but caste prejudice is one of the most insidious cankers eating into the country’s vitals. At 4 p.m. on August…