From Kautilya’s Arthashastra to Mughal policies and British non-intervention, India’s response to supply shocks has long been defined by the role of the state.
Historically, famines have been triggered by extreme weather conditions due to climate change. All these factors, plus war and Covid-19, are at work today.
During the famines and plague under the British, an equaliser bacteria spelled the end of the empire. A virus is now dismantling national obedience to Modi.
The current Iran war has laid bare a fundamental reality: 20 per cent of global energy trade cannot afford to rely on a single artery, no matter how resilient and cost-effective.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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