The Modi govt placed a one-way bet on low oil prices and lost its grip on the economy as they rose
I think people like Mrs Braun's books because they instinctively recognise something that is done well. The other is a much subtler one
When two parties are identical, why bother to vote for either?
One is that India has agreed to pay substantially more than warranted. The other is that there has been crony capitalism at work in the Indian manufacture part of it.
Judging only by cash that came back to banks is a politically attractive way of simplifying things, but, as in case of bank nationalisation, there are dimensions that will become apparent with time
The alternative from within the Congress is Mr Chidambaram
Some problems are unsolvable even though they have data, because the information is inadequate
Few prime ministers have faced the kind of political vicissitudes as Vajpayee faced
Despite some errors of judgement, Mr Modi is still very popular, so it is reasonable to expect that the negative vote in 2019 will be directed either towards the party or the MP
Whatever may have been the American experience, in India we have to be aware of a much higher degree of what economists, borrowing a term from insurance, call moral hazard
Seniority has evolved into a nonsensical rule and must be discarded; even as arbitrariness is inherent in all rules, seniority rule for appointments has a bearing on the efficiency of public policy
One task for the next government should be to review the Central List with a view to pruning it
The Portuguese ruled a part of India - albeit a tiny one - for far longer than the English, 450 years against 190
The economy needs a full-time FM and, if we must have a part-time one, no less than the prime minister should supervise the management of the macro variables
Competition doesn't always guarantee profits