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Thursday, September 4, 2025
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Indian Liberals Matter

Bank nationalisation will be a blow to India’s mixed economy, lead to totalitarianism: Phiroze Shroff

If banks were to be nationalised, politicians would start interfering with bank officials and put undue pressure on them, Prof Shroff wrote in 1963.

Socialist planners aggravated unemployment problem

Planning Commission couldn't tackle unemployment because new job opportunities in large-scale industries producing consumer goods were not created, wrote GN Lawande in 1963.

Socialism doesn’t deliver prosperity or produce equality. Does it give freedom? Of course not

‘If socialism does not serve the purposes for which it was intended, that is, moving towards a freer and more equal society, is liberalism the alternative?’ wrote Minoo Masani in 1966.

Socialism hinders India’s industrial growth. We need free enterprise first

‘The tirade against capitalism is wholly unfounded. Capitalism as it has shaped during the past quarter of a century is a far better method of developing the economic resources of any country,’ wrote DN Hosali in 1956.

Private enterprise didn’t fail in India. JN Tata’s steel dream soared despite British ridicule

‘Nationalisation of the Imperial Bank and recently nationalisation of life insurance have dealt further blows to Private Enterprise and made capital more and more shy', wrote AD Shroff in his 1956 essay.

Private enterprise built India’s industries. Now it’s strangled by Gods in Delhi

Political authority and economic power are now concentrated in the hands of ministers and bureaucracy. Democracy is bound to degenerate into dictatorship, wrote MA Master in August 1960.

Prices, like water, will find their own level. Controls breed vested interests: Minoo Masani

‘A British economist has said that to try to stop prices by controls is like a lady going to a surgeon to remove her double chin—the thing comes out at the back of her neck in a bump,' wrote Minoo Masani in November 1966.

Free education is mere jugglery of words. A hangover of anti-rational pre-Partition days

‘There is no such thing as free education. Money paid to teachers comes ultimately from people, as taxes if not as tuition fees,' wrote Professor Om Prakash Kahol on 1 January 1959.

On Camera

Army wives fight a silent battle. Don’t abuse them for seeking small joys

The next time you see a post featuring a sari-clad woman at a party or a travel reel from an unknown location, ask yourself — how does her joy threaten yours?

GST 2.0: India streamlines indirect tax regime amid Trump tariffs & what it means for consumers

Goods and Services Tax Council paves way for a broad two-slab structure of 5% and 18% with a demerit rate of 40% for super luxury and 'sin' goods.

HAL team to visit US this month for talks on joint production of GE 414 engines

The engines are meant for Tejas Mk 2 and the first tranche of Advanced Medium Combat Aircraft (AMCA).

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.