Wednesday, 19 January, 2022
TopicLiberalisation

Topic: liberalisation

India is walking on one leg because 1991 reforms missed banking & finance

Restrictions on banking led to limited capacity for new entrepreneurs to have access to resources. It allowed the old elite to continue dominating. This order must be shaken up now.

Modi govt’s industrial policy shows it has run out of ideas & is taking India back to pre-1991

Exactly 30 years after India turned away from central planning and liberated the private sector, the Modi govt is again handing out subsidies & licenses while putting up tariff walls.

India needed a crisis to reform. It got one in 1991, thanks to Nehru & Indira’s Soviet model

India’s turn to a centrally planned economy began in the 1950s under PM Jawaharlal Nehru. But by 1991, the economy came to a grinding halt and faced a massive crisis.

Covid has undone years of gains India made after 1991 liberalisation

Modi had pledged to turn India into a $5 trillion economy by 2025, but the pandemic is set to push that back by years. Over 200 mn have gone back to earning less than minimum wage a day.

Govt further liberalises guidelines for BPO industry, says move will reduce compliance burden

For the alterations, a BPO centre with common telecom resources will now be able to serve customers located worldwide, including in India.

How to bring ‘Big Bang’ reforms in India? Wait for a crisis – even Modi had to

India has once again lived up to reputation of using a crisis to unleash difficult reforms. Nirmala Sitharaman has introduced bold reforms in holy cow sectors like agriculture and defence.

Why this MIT student’s paper on Indian liberalisation threatened trade economists

In Good Economics for Hard Times, Nobel laureates Esther Duflo and Abhijit Banerjee write about the link between liberalisation and inequality in India.

Why do Indians hate JNU-style subsidised education? Because we love the private sector

There have been constant attempts to destabilise campuses in India. Take the suicides of Rohith Vemula, Payal Thadvi, Fathima Latheef or BHU protest for instance.

Bollywood star on ads, Disneyland tickets, space-age branding & yet Thril cola fizzled out

Caught between two worlds, McDowell’s Thril cola made an impact in India, but briefly.

Bankruptcy code is a new deal between the state and businesses in India

It has shaken up the protection model. 

On Camera

YourTurn

How England’s dying industrial towns became the West’s largest jihad factory

Malik Faisal Akram had no known affiliation with jihadist groups. Ideas that led him to take hostages in a Texas synagogue seeped into his mind almost by osmosis.

NTPC looks to coal imports to avoid new power crunch

India’s largest electricity producer is aiming to secure cargoes starting from April, when power consumption in India typically surges on summer cooling demand.

Defence

File photo of IAF drone seen flying in Leh on 18 Nov 2020 | ANI

Indian firm gets foothold in prized global ‘kamikaze’ and armed drones market

Global demand for loitering munition & armed drones saw a jump after Azerbaijan was able to defeat superior Armenian armed forces in 2020 with the help of these systems.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
×