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.
‘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.
‘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.
‘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.
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.
‘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.
‘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.
Like Turkey and Egypt, Pakistan is one of a handful of powers with the human resources and infrastructure to help secure the Persian Gulf as Trump’s America draws down its military presence.
ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
Long live Prof Shroff, death to socialism.