The minimum income support scheme promised by Congress president Rahul Gandhi is another bad idea in what has become a race to the bottom of the fiscal barrel. Promising ‘garibi mitao’, almost five decades after Indira Gandhi’s ‘garibi hatao’ slogan failed, shows the poverty of ideas in the Congress.

Exits at Jet Airways not perfect, but a welcome step 

Brutal creative destruction is essential to real capitalism. The departure of the promoters and majority shareholders of Jet Airways, as lenders take over the stressed but functional asset, is a welcome step in that direction. Not perfect, but progress for a country inured to a toxic mix of crony socialism-cum-capitalism.

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