26 March 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, March 26 (Reuters) – Salman Haidar will be an immovable object facing a resistible force when he sits down this Friday for India’s first talks with Pakistan in three years. Haidar, India’s Foreign Secretary or seniormost diplomat, inspires strong feelings, not all warm,…
27 May 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, May 27 (Reuters) – India is determined to grant autonomy to state-controlled television and radio, Information and Broadcasting Minister Jaipal Reddy said. Reddy, a leader of the Janata Dal, the largest group in India’s ruling centre-left coalition, told Reuters in an interview late…
15 June 1997 Reuters News English (c) 1997 Reuters Limited CALCUTTA, India, June 15 (Reuters) – India is not likely to see a return to one-party rule, a leader of the current ruling coalition said. Jyoti Basu said his Communist Party of India (Marxist) or CPI(M), which has made a success of multi-party politics, had valuable…
9 December 2003 Reuters News English (c) 2003 Reuters Limited BOMBAY, Dec 9 (Reuters) – India’s largest truck and bus maker Tata, riding a dramatic return to profits and fuelled by new global ambitions, expects to see explosive growth starting in 2006, a senior executive said on Tuesday. Ravi Kant, executive director of the commercial…
9 December 2003 Reuters News English (c) 2003 Reuters Limited BOMBAY, Dec 9 (Reuters) – Hindalco Industries, a leading Indian maker of non-ferrous metals, aims to expand its aluminium and copper capacity through expansion and acquisitions to attain global reach, its managing director said on Tuesday. Hindalco is the flagship of India’s third-largest conglomerate by…
28 July 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, July 28 (Reuter) – India’s Prime Minister Inder Kumar Gujral performed one more of his apparent policy flip-flops over the weekend, this time over the sensitive issue of Kashmir. Gujral stunned friends and foes alike on Saturday by holding out an olive branch…
11 December 2003 Reuters News English (c) 2003 Reuters Limited NEW DELHI, Dec 11 (Reuters) – India hopes to reduce its dependence on imported crude to half its requirement in seven years from 70 percent as a result of new domestic oil and gas discoveries, Oil Minister Ram Naik told Reuters on Thursday. “This…
14 August 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Aug 15 (Reuters) – India’s leaders gathered in their parliament’s majestic Central Hall on Thursday night to relive their nation’s “tryst with destiny” a half-century ago. The vast domed chamber, its thick warm air stirred ineffectually by ancient fans, was packed with lawmakers…
15 August 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Aug 15 (Reuters) – India put on a dazzling show of fireworks, laser beams and parades capped early on Friday by a solemn ceremony in parliament that relived the moment 50 years ago when the subcontinent won independence. Thousands of people led by…
Reuters News 5 September 1997 English (c) 1997 Reuters Limited NEW DELHI, Sept 6 (Reuters) – An Indian bureaucrat who wrote two biographies of Mother Teresa remembers her as a woman with a mischievous sense of humour who wielded formidable administrative skill to control her worldwide organisation. “It was a very special morning,” Navin Chawla…
29 August 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Aug 29 (Reuters) – Indian Finance Minister P. Chidambaram said the rupee’s volatility had subsided and the policy of the Reserve Bank of India (RBI) was to intervene to prevent volatility and speculative activity in the market. “The value of the rupee will be…
15 October 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Oct 15 (Reuters) – Queen Elizabeth’s visit to India was hit by fresh controversy on Wednesday after an apparent misunderstanding over the protocol of her giving a speech in a provincial capital. British officials told reporters the Indian government had cancelled the speech…
16 September 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Sept 16 (Reuter) – India’s government, clearly alarmed by a fiscal deficit that was threatening to soar out of control, moved on Tuesday to boost revenues with a host of steps including a jump in import tariffs and a cut in federal spending. …
20 November 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Nov 20 (Reuters) – India faced the prospect of fresh elections on Thursday as the country was convulsed by a frenzy of political gamesmanship. The only real question appeared to be when, not whether, the new polls would be held. “It may happen…
30 September 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Sept 30 (Reuters) – A militant group in Kashmir on Tuesday said an exhumed body was that of the group’s leader and not one of four missing Western hostages as suspected. The chief of police in India’s Jammu and Kashmir state said forensic…
19 October 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Oct 19 (Reuters) – India looked back in frustration on Sunday at a visit by Britain’s Queen Elizabeth that read like a “how not to” catalogue of perceived insults and diplomatic missteps. The state visit, to mark India’s 50th year of freedom from…
16 October 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Oct 16 (Reuters) – Queen Elizabeth’s tour of India slid deeper into controversy on Thursday with sources close to the Indian government charging that Britain’s ruling Labour Party had a “hidden agenda” to create an independent Kashmir region. Even as British officials scrambled…
“In India, I See a Lot More Acceptance of Gender in the Workplace” DuPont Chair & CEO ELLEN KULLMAN in conversation with CHAITANYA KALBAG. Edited excerpts: Do you think the India-US CEO Forum you are a member of has managed to get things moving a bit in terms of a more positive attitude towards bilateral…
In a spirited panel discussion moderated by Business Today editor Chaitanya Kalbag, Yashwant Sinha, MP and former finance minister, M. Damodaran, former SEBI chairman, Satya Poddar, Partner, Ernst & Young, Samiran Chakraborty, Regional Head of Research, Standard Chartered Bank and Nilesh Shah, President, Corporate Finance, Axis Bank, shared their views. Edited excerpts Chaitanya Kalbag: All…
27 November 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Nov 27 (Reuters) – “May you be the mother of a hundred sons.” That benediction has been called down upon generations of Hindu brides in India, but the country’s junior health minister Renuka Chowdhury has a new mantra: “One is fun.” Some demographers…
29 November 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Nov 29 (Reuters) – India woke up on Saturday to a lame-duck government and a political crisis that only deepened after Prime Minister Inder Kumar Gujral’s resignation. Newspapers were cynical about what lay ahead and ran banner headlines like “Experiment Coalition: Abort, Fail,…
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 too widely. The Janata Party was a short-lived experiment in democracy. Opinions like these began to rotate slowly in the air when hardly a few months had passed after the…
“Goodness is something to be chosen. When a man cannot choose, he ceases to be a man.” …
Suddenly that unsporting term, Race, reared its colored head above the British horizon towards mid-1976. 19-year-old Dinesh Chaudhuri, and a Palestinian friend, were stabbed to death in London’s Woodford area on May 21. Gurdip Singh Chaggar, another teenaged Sikh youth, was killed on June 4 in Southall. On June 12, a white youth was murdered…
This mid-December afternoon, the Ear detects the rumble of Old Man 76 gasping through his last lap, and the first stirrings of Childe 77. Here are some optimistic predictions for the twelvemonth ahead disregarding the doomsday projections of Malthusian midwives who expect 1977 to be stillborn: The Labor Party in Britain will label Margaret “Thatcher…
It is like being thrown about in an ideological cocktail shaker. You get off a gleaming passenger jet and drive over a soaring expressway to the 227-year-old Writers’ Buildings in Kolkata to meet a very capitalist communist politician. West Bengal Chief Minister Buddhadeb Bhattacharjee says there is no place for jobless growth, and now that…
We’re a long way from solving Britain’s race riddle Quite a few of my trips to London have been shadowed by death, or the portent of death. On September 11, 2001, I was about to board a non-stop flight to London from Singapore when my phone rang. My daughter in California said, “It looks like…
Despite the crisis, a clear message must be sent to the investor community that India is open for business. There was an initial spurt of excitement after the new Reserve Bank of India governor was announced. Professor (Raghuram) Rajan is obviously highly accomplished. But there is only a very limited amount the central bank can…
India’s economy is barrelling along at a growth rate of over 9 per cent, savings rates are up, investments are up, more jobs are being created, and inflation appears to be under control. So have we hit our stride? Have we chanced upon the right development model for the huge, tumultuous democracy that we are?…
India must construct an enlightened climate change policy ‘Food Prices set to rise as floods ruin crops’. ‘Prime Minister promises aid to flood victims’. Does that sound like a recent edition of the Hindustan Times? Wait a minute. These headlines are from a British newspaper. A week ago, I was walking through a huge tropical…
The Civil service still remain a big draw Fresh out of South Africa, Mohandas Gandhi made a particularly strong speech in Benares in February He was gloomy about Indians earning the right to self-governance. He said a British member of the “much-abused” Indian Civil Service (ICS) had asked him to put in a good word…
“UPON MY WORD: India’s prisons are stuck in a time warp Strange how time’s machine travels back and forth at warp speed. Two hundred and fifty-one years ago, Siraj-ud-Daulah demonstrated what an overcrowded prison can do to human beings with the Black Hole of Calcutta. “Figure to yourself, my friend, if possible, the situation of…
The old city is giving way to a new bright-eyed metropolis Thirty years ago, a dishevelled man leaned across and shouted at me in the smoke-filled, raucous Olympia bar on Calcutta’s Park Street: “Calcutta is forever!” Outside, Ambassador taxis were inching along the flooded street. The electricity would go the moment you hung up your…
The utter oddity of 21st century India still dancing to the tune of caste 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, common men follow the right paths out of fear if that were destroyed, where could we…
19 November 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Nov 19 (Reuters) – India’s lack of “grit” in pursuing its costly military foray into northern Sri Lanka may have led to Rajiv Gandhi’s 1991 murder by a suspected Tamil Tiger suicide bomber, New Delhi’s former envoy to Colombo said on Wednesday. “If…
28 November 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Nov 29 (Reuters) – India’s Congress party switched off the life support system of the minority government on Friday, but in the process may have hastened its own death throes. Twice in the past 13 years Congress has ridden to power on a…
3 December 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 3 (Reuters) – Software firm Infosys Technologies Ltd is poised to become the first Indian firm to raise new capital through American Depositary Receipts (ADRs), chairman and managing director N.R. Narayana Murthy said on Wednesday. The blue-chip Infosys announced on Tuesday that…
7 December 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 7 (Reuters) – The word “pundit” is Sanskrit for “learned man,” and in India they were busy at the weekend trying to divine what lay ahead for the world’s most populous democracy. This much was clear — no single party was likely…
7 December 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 7 (Reuters) – The speaker of India’s parliament said on Sunday democracy had taken deep root in his country a half-century after independence, and all parties would speak the language of economic reform will go ahead,” Purno Sangma, speaker of the Lok…
8 December 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 8 (Reuters) – India’s main opposition group will block the full convertibility of the rupee, favour foreign investment only if it goes into infrastructure and shake out state firms if it wins power, its chief planner said on Monday. Jay Dubashi, chief…
8 December 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 8 (Reuters) – Global investors cannot afford to ignore India, but Indian companies need to prove that they can compete in developed markets, Fred Steingraber, chief executive officer of A.T. Kearney Inc., said on Monday. “I don’t think anybody is prepared to…
9 December 1997 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 9 (Reuters) – India will accelerate its drive to increase electricity generation and is looking for huge funds to meet the nation’s power deficit, Power Minister Yoginder Alagh said on Tuesday. “Between now and March it will be faster and not slower,”…
Song sung blue Everybody knows one Song sung blue Every garden grows one If you are of a certain vintage, you will have been moved by these Neil Diamond lines, sung on a hot August night almost exactly 40 years ago. This steamy August, India has been convulsed by the sudden expelling of decades of…
The day this issue of Business Today went to press, IBM Corporation completed one hundred years. What started as the Computing-Tabulating-Recording Company, manufacturing computing scales, time clocks, and even coffee grinders, quickly grew into Big Blue, a vast global presence in computing under Tom Watson. Senior and Junior, building its power on the mainframe. Like…
Reuter News Agency 18 December 1984 The Globe and Mail BHOPAL, India (Reuter) – More than half the poison chemical remaining at a Union Carbide plant has been neutralized, but thousands of city residents refuse to return home to the site of the world’s worst industrial disaster. Arjun Singh, chief minister of Madhya Pradesh State,…
Reuter News Agency 9 March 1986 The Toronto Star SRINAGAR, INDIA — “The large-scale arson, pillage, plunder and desecration of our temples in last month’s attacks was aimed at creating conditions for the mass exodus of Hindus,” says Hindu Action Committee leader Bal Krishna Handoo. “If we quit Kashmir we will be handing it on…
I remember back in the 1970s, when a new India was just over a quarter of a century old, Geoffrey Moorhouse, in his foreword to his “Calcutta” wrote: “The imperial residue of Calcutta, a generation after Empire ended. is both a monstrous and a marvellous city. Journalism and television have given us a rough idea…
They say nothing sharpens our minds as much as high danger or a threat to our survival. We are prepared to stand and fight when we are cornered. Twenty-two years ago, when we were staring into the abyss, we pulled a reformist rabbit out of our socialist hat. But it took just about five years…
From the Editor These are extraordinary times and we witness extraordinary phenomena. Three weeks before the Union Budget, when finance ministers customarily crawl under their carapaces, the honourable Member of Parliament from Sivaganga delivered a rousing speech on national security. What he said, with feeling and not a little frustration, was that we Indians seem…
You see things vacationing on a motorcycle in a way that is completely different from any other. In a car you’re always in a compartment, and because you’re used to it you don’t realize that through that car window everything you see is just more TV. You’re a passive observer and It is all moving…
Although commerce is older even than the thirty pieces of silver that persuaded Judas Iscariot to betray Jesus Christ, it took humans a long time to start to formally teach, and learn, the elements of business. The oldest business school in the world, ESCP Europe, was set up in Paris in 1819, a pipsqueak in…
From the Editor When I stepped into this role in mid-2010, it seemed India was unstoppable. Gross Domestic Product growth had averaged 8.5 per cent since 2004, when the United Progressive Alliance won power. The financial markets in the United States and Europe were in disarray after the US sub-prime crisis laid down a napalm…
From the Managing Editor An early breakfast is something that most journalists don’t care for. Most of my tribe skip it and among those who don’t, very few sip their coffee before 10 am. Like Sir Winston Leonard Spencer-Churchill, we finish our days late and start them late, you see. It was, therefore, unusual for…
From the Editor 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, who he calls “cautious and nuanced” in his book Fault Lines, handed him a big gift- a delay in the “taper” in the US Federal Reserve’s quantitative…
From the Editor Once every year, we pay obeisance to the best and strongest companies in India. It is not grudging admiration. Our corporate icons deserve every bit of their applause. No management school, or case study, or how-to hardback that you pick up at an airport bookstore can teach you how to plot a…
At Business Today we write about companies all the time. Often, it is a top-down view. We meet the Chief Executive Officer, the senior members of the management team, the stock-market analysts whose job it is to keep a gimlet eye on their wards, the suppliers, the competitors, the regulators. But it is very important,…
Exactly two years ago we ran a cover story on India’s skills crisis. This was just after Subramanian Ramadorai was named Adviser to the Prime Minister in the National Council on Skill Development. How quickly have we moved down the skilling highway? Glacially slow, and frighteningly so. For a nation where tens of millions of…
In 1908, when Henry Ford began making his revolutionary Model Ts on an assembly line in Detroit, there were 241 carmakers in the United States. (In comparison, India has 20 carmakers in 2013). “I will build a car for the great multitude. It will be large enough for the family, but small enough for the…
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 string of figures that seek to prove that India has not done badly at all in comparison with the rest of the developing- and indeed the developed- world. P. Chidambaram…
From the Editor Business Today’s team of reporters was putting finishing touches to the BT-YES Bank Best CFO Survey starting on page 57. The 14 men and one woman who have won this year’s awards, chosen by a stellar jury after a rigorous nationwide search, bring to life the satisfaction of making those numbers on…
From the Editor I remember sticking an aluminium one-yen coin and a copper one-US-cent coin to my computer screen in Tokyo around the mid-1990s and watching in fascination Las they became equal in value, with the yen appreciating to 100 to the dollar. It was nice for frequent travellers like me- when I paid my…
From the Editor We need to place the AgustaWestland helicopter “kerfuffle”- as a former defence minister put it- in context. The 12 AW101s were headed for the Indian Air Force’s Communication Squadron, which flies VVIPs around. to replace its ageing Mi-8 fleet. The new helicopters are strictly not combat craft-they are personnel carriers and can…
From the Editor Within the space of a week, I met N.R. Narayana Murthy for a long and friendly conversation at his airy venture-capital office in Bangalore’s Jayanagar suburb and then conducted telephone interviews with the company’s Chairman, K.V. Kamath, who was in Mumbai and its CEO, S.D. Shibulal, who was attending the World Economic…
From the Editor Companies and human beings are surprisingly similar. Over a long period of time we build an intricate geodesic dome of habits, rules. principles, emotions, likes and dislikes. Changing ourselves is very. very difficult, even when we know that our future well-being, prosperity and happiness depend on how we change and adapt. Similarly,…
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 be held in March, has created ripples of amazement the world over. All detained Opposition leaders have been released, and press censorship has been lifted. What do these developments portend?…
From the Editor There are times when we at Business Today chafe at being a fortnightly. There is so much happening in business and the economy that we story tellers are fit to burst. It is not just what you see in the printed magazine our website www.businesstoday.in is up to nearly a million page-views.…
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, it is she who is the real issue. Her challengers’ election manifestos say hardly anything new, except that they vow to ‘wipe out’ the ‘scourges’ of the Emergency. 320 million…
From the Editor When I find myself in times of trouble Mother Mary comes to me speaking words of wisdom, let it be …
From the Editor Seven and a half minutes into the movie Paan Singh Tomar a journalist asks the eponymous hero, played by Irrfan Khan, why he became a dacoit. “In the ravines (of Chambal) you will find rebels. The dacoits are in Parliament,” the actor growls. It is probably coincidental that the movie was made…
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 forecaster. In a hurricane sweep, it snuffed out thirty years of uninterrupted Congress rule in independent India, and sent Premier Indira Gandhi, and her feared lieutenants, into sudden oblivion. The…
From the Editor Why did god create stock-market analysts? To make weather forecasters look good, runs the rather puerile joke. But seriously, company analysis is an earnest business-in much of the world, that is, except India. I remember in my wire-service days we used to have lively debates on how to report stock price movements…
The economy is whirling around in a populist spiral Pranab Mukherjee is starting to look worryingly like a feckless heir squandering his generous inheritance while his fretful guardian in the person of Duvvuri Subbarao tries to board up the door and keep the wolves at bay with a nail here and a nail there. The…
Atal Bihari Vajpayee on the struggle within “We are all like a family and there is bound to be dissent in a democratic party.” The trouble with Atal Bihari Vajpayee, 55, is he is too transparent. A rotund, dhoti-cad orator given to over- heated rhetoric, his misfortune is that he heads a party consisting in…
From the Editor “There is always time to add a word, never to withdraw one,” said Baltasar Gracian, a 17th Century Spanish Jesuit monk. More of us could benefit by learning to speak little and be heard when we do speak characteristics of Mansur Ali Khan Pataudi and Kumar Mangalam Birla. Both were born with…
From the Editor Pity the modern banker, who is described in one of the stories in this issue as “pin-striped”. In India, of course, some of the most powerful bankers sport bandhinis, ikats and kanthas. But you have to feel sorry for our bankers. We don’t have anarchists waving their fists at bank CEOS’ pay…
If you look down from a helicopter at any of India’s teeming cities you will see millions of people scurrying around using every known form of locomotion as they move between structures, many of them once described as skyscrapers when we were more down to earth, all busily engaged in every imaginable type of commerce,…
From the Editor India’s Parliament House does not resemble a ziggurat, but it does remind me of the Tower of Babel and how God descended to earth to check things out. He was so alarmed by what seemed achievable by all humans speaking one language, we are told, that he decided to scatter them and…
From the Editor I had never handled a tool in my life; and yet, in time, by labour, application, and contrivance, I found at last that I wanted nothing but I could have made it, especially if I had had tools. However, I made abundance of things, even without tools; and some with no more…
From the Editor Do you know what a “dominant undertaking” is Suresh Krishna does. The Chairman and Managing Director of Sundram Fasteners lived every day with the provisions of the Monopolies and Restrictive Trade Practices, or MRTP, Act. Every month in the ’70s and ’80s. Krishna would travel to Delhi to pace the corridors at…
From The Editor “Then we had to find the rule and the string again, and a new hole was made; and, about midnight, the picture would be up— very crooked and insecure, the wall for yards round looking as if it had been smoothed down with a rake, and everybody dead beat and wretched—except Uncle…
From the Editor 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 bought it. There was another crash a little later; we were the third owners of the car, but it held up well. Three years later we sold…
Early this month I travelled to Agra to walk barefoot around the Taj Mahal, the only wonder of the world that stands in honour of a woman. Make no mistake. That mausoleum was built three and a half centuries ago in memory of a very powerful woman. She was a confidante and counsellor to Shah…
Senior Editor of this newspaper were about to sit down for their evening news-planning meeting when the smoke alarms started jangling. Within moments the first floor newsrooms filled with thick billowing smoke. Journalist for both the Hindustan Times and its sister Hindi newspaper, Hindustan, began to file out and down the stairs There was no…
Hindustan Times on Saturday was launched on June 3 last year. It was a unique product and an unqualified success. Unique, because no other newspaper published a bespoke Saturday edition. Unqualified, because readers have been lured to it in huge numbers, and have stayed for the weekend. HT on Saturday acknowledges the 21st-century urban Indian…
I experienced my epiphany about consumer media a couple of years ago on a Tokyo subway. When I lived in Japan in the mid-1990s, commuters would be bent earnestly over their little pulp paper backs or Manga comics. Now, just over a decade later, everyone’s fingers are flying over buttons on little machines that are…
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…
Prime Minister Manmohan Singh told a group of senior Indian and South African businessmen on Monday that he was confident India can accelerate economic growth to the eight-to-ten per cent range. “We have been able to register an economic growth rate of eight per cent for four years in a row. Most analysts now believe…
Pretoria gets New Delhi’s support for Security Council seat The Leader of India and South Africa made a strategic trade off on Monday India decisively said it would support South Africa’s bid to occupy a permanent African seat in a reformed United Nations Security Council, and Pretoria in turn said it would support New Delhi’s…
The guns are yet to fall silent in the North-east but in places where development has made an inroad, peace has prevailed. Only by bringing all stakeholders on board can the government hope to end the region’s alienation. “… we have no social affinities with the Hindus or Mussalmans. We are looked down upon by…
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 Lok Sabha by-election, the ruling party in Uttar Pradesh seems on the surface surprisingly resigned to the victory of its bête noire, Hemvati Nandan Bahuguna, 63, president of the Democratic…
Inscrutable are the ways of public-sector trade unions. The Federation of the State Trading Corporation Employees’ Unions (FSTCEU) lived up to this image when it resorted to an eight-day strike last fortnight over a peculiarly non-economic issue: the shifting of the corporation’s Delhi branch office from its location on the arterial Janpath to Malcha Marg…
It began as a small tiff, as all battles do. The two antagonists identities lent it a delicious irony: Vijaya Raje Scindia, the ex-Rajmata of Gwalior, and her only son, ex-Maharaja Madhavrao. Over the years, this essentially political fight spilt out of the Gwalior palace into national attention. Today, it includes all the ingredients of…
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…
Delhi University is one of the few in the country to possess a full-fledged faculty of music. But for years now, the Music Department has been rocked by a clash between the shastrakars (grammarians) and the kalavidhs (performers). At the root of the controversy lies the dilemma of whether university teachers of music ought to…
Whatever else the government is butter-fingered at doing, it is adept at keeping the results of its impetuosity in a state of continuing suspense’. The campaign against the Bihar Press Bill is almost four months old now, but the Government has only indulged in a lot of double-talk—swearing by press freedom in one breath, and…
Two experts on Soviet studies, both lecturers in major universities, were informed late last month by the University Grants Commission (UGC) that their applications for short-term post-doctoral research trips to the USSR had been rejected. No reasons were given, but both lecturers believe it was because they were not considered politically acceptable. Another lecturer in…
Tyres are one essential commodity over which the Government seems to exert no control whatsoever. In the last six months prices have risen twice. And this is despite the fact that the last decade has seen a sudden burgeoning in the number of tyre-manufacturing units, which caused worries last year that there would be a…
While it lasted, last fortnight’s nine-hour hostage hold-up in Congress(l) Member of Parliament Dalbir Singh’s.Delhi apartment generated wild images of urban terrorism on the loose. lt was the first time ever that the problems of distant, rural India had been so dramatised and Ram Narayan Kumar, the improbable attacker, appeared to signal a new and…
Hiteswar Saikia was last Fortnight trying to settle into the hottest seat in India-the chief ministers hip of Assam. The diminutive, balding ‘politician had been selected to lead a ministry that had obtained one of india’s largest-ever majorities-91 seats out of 109. But the mandate had come drenched in blood, and ridden on an abysmally…
All private secretaries to Union ministers are equal, but S.R. Bhatia is more equal. Bhatia is the private secretary to Prakash Chand Sethi, the Union home minister, and currently he is at the centre of a storm that is battering at the doors of the Union Public Service Commission (UPSC) and the Central Secretariat Service…