OPINION
WHEAT
Private gain at public expense?
Allowing duty-free private trade in wheat import
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EDITORIAL
Needed regulators, not controllers
The regulatory mechanisms established in India after 1991 are tending to become permit-raj by another name.
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ECONOMY
Into the fourth dimension of economics
Classical economists may have believed only in three factors of production — labour, capital and land or natural resources. But modern economists are convinced that knowledge, as a fourth dimension in economics, is more important than the origi nal three. T. C. A. RAMANUJAM on the economics of knowledge. Investment in science and technology is a fraction of the level recommended in the Science and Technology Policy, a document which is itself sadly forgotten.
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From high GDP to high GNC
In A Call to Honour — In Service of Emergent India, Mr Jaswant Singh says that the most powerful anti-poverty programme is a consistently high GDP, which transforms into Gross National Contentment (GNC).
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Only promises to keep
This is one more instance of Manmohan Singh being a different kind of a Prime Minister. True to his declaration at his first Independence Day address, in 2004, that he had no promises to make but promises to keep, his last three speeches on ...
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FOREIGN TRADE
Why free trade does not deliver the goods
... and how to remedy matters
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POWER
Inverter power
New Delhi is reeling under severe power cuts this year and the press is reporting that extensively. But surprisingly there is no public hue and cry. A few years ago, such massive power cuts had bought people out on the streets and the government ...
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PUBLIC SECTOR BANKS
Bucking banks
Many journalists are wondering how public sector banks decided to hold their own against an `advice' from the Finance Ministry to re-think their decision to hike lending rates. When news first came that the Government had asked banks to consult ...
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SECURITY
Thus have we swept suspicion from our seat and made our footstool of security
After passing through multiple walls of security check, you may yet feel insecure, especially if a stray `what if... ' were to pop up in the mind. Relax, just a normal sign of living on the edge. Fears are so solidly real, be they about liquids ...
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SOCIETY & DEVELOPMENT
On ethical investment
I was startled to find that the Google search engine had as many as 27.2 million entries under this one title. That is the measure of the distance corporate social responsibility (CSR), subsequently graduating ...
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LETTERS
Economic history
Independent directors
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