Left unchecked, populist nationalism will undermine the liberal democratic market system that has brought developed countries the prosperity they enjoy.
The interim dividend, announced for the second successive year, will help the government meet its revised fiscal deficit target of 3.4 per cent for 2018-19.
From Mughal ports to Dutch wars to Bombay’s merchant dynasties, Gujarati Muslims once shaped the Indian Ocean world — long before one of their descendants took New York.
While main elements behind terror module have been nabbed, more arrests will take place, including some professors & academicians who were part of the ring, it is learnt.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Dr Rajan would make an excellent FM. Cast in the mould of Dr Singh. So one feels a little perturbed by his acquiescence / endorsement for NYAY. Such a costly populist giveaway, which would disturb macroeconomic stability and draw resources away from enhancement of the productive capacity of the economy. For a lifelong politician like Shri P Chidambaram – a fine, reformist FM – to say NYAY is “ doable “ is understandable. However, Dr Rajan’s strength lies not just in his mastery over economics but his intellectual integrity. 2. Should an occasion arise where he is offered the job, he should have a long, thoughtful conversation with the man who offers it to him. Tell him, if you want a Yesman with an Ivy League pedigree, I myself can suggest a dozen names. However, if you wish to pull India out of the morass of mediocrity and economic stagnation into which it is sinking, Boss, we need to do some things very differently. I will not be an Ayatollah, blocking all the populist steps you will need to take to keep the coalition together. However, on the big ideas, you must trust me. I want both your name and mine to be recorded in history.
Dr Rajan would make an excellent FM. Cast in the mould of Dr Singh. So one feels a little perturbed by his acquiescence / endorsement for NYAY. Such a costly populist giveaway, which would disturb macroeconomic stability and draw resources away from enhancement of the productive capacity of the economy. For a lifelong politician like Shri P Chidambaram – a fine, reformist FM – to say NYAY is “ doable “ is understandable. However, Dr Rajan’s strength lies not just in his mastery over economics but his intellectual integrity. 2. Should an occasion arise where he is offered the job, he should have a long, thoughtful conversation with the man who offers it to him. Tell him, if you want a Yesman with an Ivy League pedigree, I myself can suggest a dozen names. However, if you wish to pull India out of the morass of mediocrity and economic stagnation into which it is sinking, Boss, we need to do some things very differently. I will not be an Ayatollah, blocking all the populist steps you will need to take to keep the coalition together. However, on the big ideas, you must trust me. I want both your name and mine to be recorded in history.