Posts Tagged liberalisation

Delhi Power Crisis Exposes The Frailty Of Privatization

Delhi is witnessing the worst power crisis in 67 years. It is the result of abdicating executive responsibility because of failure to function successfully. The Governments in the states were running Electricity Boards. Instead of entrusting the responsibility to run them to professionals, all kinds of corrupt bureaucrats and politicians were made chairman. As is […]

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Arvind Panagariya on Amartya Sen

The Times of India dated July 27, 2013 has published an article by Professor Arvind Panagariya, Professor of Indian Political Economy  at Columbia University , titled “What Amartya Sen Doesn’t See”. Both are renowned people. One advocates growth and the other is a champion of social spending. Both are concerned with poverty, illiteracy, ill health […]

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An Exercise In Economic Sophistry

“Money does not grow on trees”, spoke the Prime Minister while addressing the nation  recently. He was defending and justifying FDI(Foreign Direct Investment) in multi-brand retail. He visualises millions of quality jobs, especially for the rural folk and the farmers. At the same time he said that money does not grow on trees. My feeling […]

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