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Category Archives: Opinion

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India Economic Summit

29th Nov 2006, Hindustan Times, OpinionBy Chaitanya KalbagJuly 26, 2024Leave a comment

New Age Guru peps up India story believers “When you were five years old, you were happy nearly all the time. Somebody had to make you unhappy Now you are 30-plus and have achieved your dreams, and you are unhappy all the time. Somebody has to make you happy” Delegates at the India Economic Summit…

Historic Swansong

4th Mar 2012, Business Today, OpinionBy Chaitanya KalbagJune 26, 2024Leave a comment

Two days after he and a brother judge handed down a blistering verdict in the Centre for Public Interest Litigation & Others vs Union of India & Others case, cancelling 122 telecom licences and severely indicting a former minister, now a jailbird, Justice ASOK KUMAR GANGULY was at peace in his study at home, behind…

Toilet-Training India

28 Sep 2019, Business World, OpinionBy Chaitanya KalbagJune 21, 2024Leave a comment

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 Bharat Mission (SBM), two Dalit children, Avinash and Roshni, were beaten to death in a Madhya Pradesh village for defecating in the open. Two days later the Jal Shakti ministry’s…

Nuts & Bolts – ON COARSE

9 Jan 2019, Business World, OpinionBy Chaitanya KalbagJune 21, 2024Leave a comment

As we prepare to vote, lots of loose talk lies ahead If you believe in the theory of evolution, as I do, then you will agree that one of the very few things that separates us from our earliest ancestors is the faculty of speech. Scientists speculate that we were communicating through speech as far…

Nuts & Bolts- Out, Damned Foreigner

14 Sep 2019, Business World, OpinionBy Chaitanya KalbagJune 21, 2024Leave a comment

Assam’s register of citizens is a poisoned chalice What will India do with 1.9 million illegal immigrants in Assam? The publication of the final National Register of Citizens (NRC) in Assam on August 31 marked the end of a mammoth six-year project, the largest winnowing of a population in our history. It might be the…

Nuts & Bolts-Panic Button

13 Oct 2018, Business World, OpinionBy Chaitanya KalbagJune 21, 2024Leave a comment

Take a deep breath and don’t run for the door Reading An Account of the Great Fear, or Grande Peur, that swept across France in July and August of 1789, I was struck by the description of what triggered the French Revolution: “economic concerns, rural panic and the power of rumour” With the BSE Sensex…

Nuts & Bolts-The Daisy’s Petals

5 Jan 2019, Business World, OpinionBy Chaitanya KalbagJune 21, 2024Leave a comment

Will we get a Lokpal? Will we not? The answer is blowin’ in the wind It’s a nail-biter. I predicted in another column that the Lok pal Search Committee of eight eminent persons might cap a five-year slow waltz just before the general election. On January 17, the Supreme Court instructed the committee to come up…

Nuts & Bolts-Great Stress Test

23 Dec 2017, Business World, OpinionBy Chaitanya KalbagJune 20, 2024Leave a comment

It’s good we now have a GST, but its design is another matter Since you all love acronyms for the Good and Simple Tax and the Grand Stupid Thought, the headline is my humble contribution to your lexicon. I dare you to find me a single expert who can measure the financial cost of the…

Nuts & Bolts-Bank the Reserve

9 Dec 2017, Business World, OpinionBy Chaitanya KalbagJune 20, 2024Leave a comment

The government must resist the temptation to dip its hand in the till. 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 5 crore, yet year after year it rewards its sole shareholder, the government, with mind-boggling dividends. The…

Nuts & Bolts-Hollowing Out

25 Nov 2017, Business World, OpinionBy Chaitanya KalbagJune 20, 2024Leave a comment

Governments cynically scoop out value from their own companies. Privatisation will work only when the government sells more than 50 per cent of a state-owned company’s capital to the public and relinquishes management control. This has not happened. Successive governments have mostly destroyed value by divesting only thin slivers of public sector undertakings (PSUs) and…

Nuts & Bolts-Sell Sell Sell

11 Nov 2017, Business World, OpinionBy Chaitanya KalbagJune 20, 2024Leave a comment

The government must take courage and embrace privatisation Two numbers speak eloquently about our schizophrenia over privatisation: the Rs 2.11 trillion ($32.5 billion) package announced on October 24 to recapitalise public-sector banks (PSBs); and Rs 2.67 trillion ($41 billion), the total earned by the government in 26 years from the divestment of its stakes, in…

Nuts & Bolts-How to make more with less

5 Aug 2017, Business World, OpinionBy Chaitanya KalbagJune 20, 2024Leave a comment

Team leader Modi is fishing in a shallow talent pool How much of a hurry is prime minister Narendera Modi in? It depends on your horizon. By one measure, he has 22 months, but then he has set an October 2, 2019 deadline for Swachh Bharat, and August 15, 2022 for a New India. Mohan…

Nuts & Bolts-Cleaning up our act

22 Jul 2017, Business World, OpinionBy Chaitanya KalbagJune 20, 2024Leave a comment

India is trying to do its bit on climate change At the Hamburg group of 20 summit on 7-8 July, diplomats toiled through most of the night over US intransigence on climate change before they agreed on a joint communique that said: “The leaders of the other G20 members state that the Paris Agreement is…

Nuts & Bolts-Close, But No Cigar

Business World, OpinionBy Chaitanya KalbagJune 19, 2024Leave a comment

What lies ahead? A messy GST rollout could be one shock too many after demonetisation… 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. Even if all the lookouts are calling out to them to mind the shoals, they…

Nuts & Bolts-Too big to fail

18 Aug 2018, Business World, OpinionBy Chaitanya KalbagJune 19, 2024Leave a comment

Independence Day is a good excuse for some economic chest-thumping. We should be proud that lndia is a free-enterprise democracy. Imagine the world’s burden if we were a basket case of 1.35 billion poor people. We may complain about inequality and the disproportionate number of billionaires, but it is possible to rise from rags to…

Nuts & Bolts-Anna Data

7 Jul 2018, Business World, OpinionBy Chaitanya KalbagJune 19, 2024Leave a comment

Our government owns one of the world’s biggest databases. What does it mean? Annadata means “Bestower of food” – a synonym for god. In some Indian languages, Anna means older brother, so you can also take my headline as ‘Big Brother Data’. Not long ago there was spirited debate on whether or not’ data is…

Nuts & Bolts-Future Tense

28 Apr 2018, Business World, OpinionBy Chaitanya KalbagJune 18, 2024Leave a comment

Will we get our act together, or continue to muddle in middle income mediocrity? So let’s see: 2018 is supposed to be a good year for India. We have low inflation, the monsoon may be normal, manufacturing is finally picking up , salarymen (and-women) are looking at good pay rises, and a litre of petrol…

Nuts & Bolts-Suffer The Children

14 Apr 2018, Business World, OpinionBy Chaitanya KalbagJune 18, 2024Leave a comment

Mere laws do not guarantee our youngest citizens a safe and healthy life The other day, I watched this video of four-year-old Jackson Drew reciting Shakespeare’s Sonnet 18 (Shall I compare thee to a summer’s day?) and marvelled a new at the infinite capacity of a child’s brain. I’m sure you’ve read that the pace…

Nuts & Bolts-Loser Take All

17 Mar 2018, Business World, OpinionBy Chaitanya KalbagJune 18, 2024Leave a comment

Our history of Karnataka-style perfidy goes back a long way The wise ones among us are all ganit shastris (Mathematicians) and love crunching our election results which seem more frequent than our economic indicators. Politics is street theatre for us, and vote shares mean more than batting averages. A switch to simultaneous elections to parliament…

Nuts & Bolts-Telling Numbers

17 Mar 2018, Business World, OpinionBy Chaitanya KalbagJune 18, 2024Leave a comment

63 million ‘missing’ women: we need a pink revolution Look Carefully at all the Headlines, screaming or otherwise, that are popping up these days about corruption. How many of them feature women? Study after study has found over the years that more members of the ‘fairer sex’ in parliament and in the top echelons of…

Nuts & Bolts-Viral Fever

3 Mar 2018, Business World, OpinionBy Chaitanya KalbagJune 18, 2024Leave a comment

The only antidotes to fake news are truth and commonsense 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 says 86.5 per cent of users access the Internet via mobiles and smartphones. That works out to over 430 million…

Nuts & Bolts-The Dog’s tail

17th Feb 2018, Business World, OpinionBy Chaitanya KalbagJune 18, 2024Leave a comment

Like the clever taxpayer, it will wag the system There is no loophole that has not met an Indian taxpayer. A Hindi proverb says you can never straighten a dog’s tail (kutte ki poonch…). Don’t blame the poor soul who is using adaptation techniques that would put other evolutionary survivors to shame. The Smithsonian lists…

Nuts & Bolts-Eleventh Hour

20 Jan 2018, Business World, OpinionBy Chaitanya KalbagJune 18, 2024Leave a comment

Time to stop being a semi-skilled nation In India if you book a plumber to come and rescue you from a flooded bathroom, chances are you will get a call at 11 a.m. the following day asking you to repeat your complaint or check­ing on directions to your address. If you sputter in rage, the…

Nuts & Bolts-Jaat Kahan Ho

9th Nov 2019, Business World, OpinionBy Chaitanya KalbagJune 18, 2024Leave a comment

Some day extraterrestrials will thrill to Raag Bhairavi in outer space Imagine there’s no countries / It isn’t hard to do Nothing to kill or die for / And no religion, too Imagine all the people / Living life in peace…                              …

Nuts & Bolts-Clutching At Straws

31 Aug 2019, Business World, OpinionBy Chaitanya KalbagJune 14, 2024Leave a comment

Palliatives, pain-killers or band-aids: take your pick 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 djinns in the darkness. It is clear that Narendra Modi’s sixth year in power will be his worst in economics terms. The GDP…

Nuts & Bolts-Over the Moon

5 Jul 2019, Business World, OpinionBy Chaitanya KalbagJune 14, 2024Leave a comment

ISRO is a case study of how to build a world class government institution Fifty years later, I vividly remember the grainy black-and-white television images of the giant gantries falling away like a spurned embrace as the giant Saturn V rocket lifted off, carrying three astronauts in a tiny cone on an audacious mission to…

Nuts & Bolts-Waterless World

22-Jun-19, Business World, OpinionBy Chaitanya KalbagJune 14, 2024Leave a comment

How melting Himalayan glaciers and Chennai’s dry taps are connected Time was when ‘Glacial Speed’ used to mean ‘very, very slowly’. That has changed forever. We know that our planet is warming. New research shows conclusively that Himalayan glaciers are melting at an alarming rate. Interestingly, a major source in the study by a team…

Nuts & Bolts-Red-Letter Days

8 June 2019, Business World, OpinionBy Chaitanya KalbagJune 14, 2024Leave a comment

Many anniversaries this year, but few happy ones 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 crushing victory in the world’s biggest election – in many ways a more portentous event than Narendra Modi’s 2014 ascent to prime…

Nuts & Bolts-NaMo the FMCG

25 May 2019, Business World, OpinionBy Chaitanya KalbagJune 14, 2024Leave a comment

Merchandise, tourism, a board game, a biopic, a web series … If you want to decompress from the 2019 election campaign, and haven’t already donned the colours to be a cheering face in a shouting crowd at one of the prime minister’s rallies, then go to his website, which has a link to ‘NaMo Merchandise’.…

Nuts & Bolts-The Air is Thick

27 Apr 2019, Business World, OpinionBy Chaitanya KalbagJune 14, 2024Leave a comment

On Earth Day, let’s look at what our politicians promise on air pollution The Good news is that both the Bharatiya Janata Party and Congress seem to have finally woken up to the looming catastrophe of air pollution in our country. They are acknowledging its effects on our health, especially our children’s, by promising some…

Nuts & Bolts-Vulture Culture

2nd - 15th Feb 2019, Business World, OpinionBy Chaitanya KalbagJune 13, 2024Leave a comment

Social media –and mass media– fuel a horrific cycle of evil Psychopathy. Voyeurism. Sadism. Schadenfreude. Vicarious pleasure. Blood lust. You will find several terms to describe the human tendency to find a strange satisfaction, indeed fulfilment, in witnessing the pain and suffering of other people or creatures. If you gaze long enough into an abyss,…

Nuts & Bolts-Off the Blocks

2 Feb 2019, Business World, OpinionBy Chaitanya KalbagJune 13, 2024Leave a comment

Get set: Campaign 2019 will rivet, horrify and confound you For the second time in five years, I was struck by how apposite Rudyard Kipling’s poem ‘If’ is in relation to Narendra Modi. At one place it says: If you can talk with crowds and keep your virtue, Or walk with Kings—nor lose the common…

Nuts & Bolts-Hell For Leather

22 Dec 2018, Business World, OpinionBy Chaitanya KalbagJune 12, 20241 Comment

Shutting Kanpur’s tanneries has not helped the Ganga much Hell for leather means to run very fast, but the leather industry in and around Kanpur has nowhere to run. Hundreds of tanneries and manufacturing units in Kanpur’s Jajmau quarter, and the clus­ters of Banthar and Unnau as you drive towards Lucknow, are tottering as they…

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