Blog Page 1638

The pall-bearers of central banking

When I saw the story on the first corporate bonds in Europe being issued with negative coupons, I shrugged my shoulders. Some of these stories have ceased to shock. Central banks in the advanced world must take credit for it. They have succeeded in rewiring our brains as to...

Fit to be tied

Asylums and prisons used to have the furniture bolted to the floor, so that inmates could not pick them up and use them as weapons. Deeply embarrassed by the Patidar Anamat Andolan Samiti, whose protesters recently disrupted a public meet in Surat by hurling plastic garden chairs about, the...

A chance for peace

From Tuesday morning, Eid-ul-Adha, Syria will get one more chance at peace. The Russia-United States deal signed last week seeks to impose a limited ceasefire, opening the way for a dialogue between the actors the two great powers have been supporting. The detailed protocols, which both sides have agreed...

Masala bonds are no silver bullet

Recently, Indian banks were allowed to issue masala bonds. These bonds—internationally issued debt of Indian entities denominated in the Indian rupee—are often positioned as a panacea that will prevent India from committing the “Original Sin” of economics. As defined by economists Barry Eichengreen and Ricardo Hausmann, original sin refers...

Saheb vs Su-raj, Editorial on Mohammad Shahabuddin’s release from jail

For Nitish Kumar, Mohammad Shahabuddin’s release from jail on bail brings on a moment of reckoning. When Shahabuddin was incarcerated 11 years ago, Nitish was a bitter rival of Lalu Prasad, and the taming of the RJD’s don was set to become the badge that the Nitish-led JD(U)-BJP government...

The maze of cross-subsidies

The Indian Railways’ recent effort to recover a bit of its passenger subsidy stumbled almost as soon “flexi-pricing” for express trains was announced. In spite of the “GiveItUp”-style move of printing average passenger subsidies on tickets since June, media coverage quickly turned “flexi” into “surge”. The Railways tweeted away...

Nudge units: a new tool in the policy toolbox

Toilets built at great expense are not used. New variants of tuberculosis spread because patients do not complete the course of drugs prescribed by hospitals. Rash driving on roads kills people in the thousands every year. Railway crossings are also death traps. Parents do not immunize children even when...

September 13, 1976, Forty Years Ago: Tamils In Lanka

The Sirimavo Bandaranaike government is making a concerted bid in the last lap of its seven-year term of office to grant some relief if not all the basic demands for fundamental rights to the two-million Tamil-speaking minority in the country, a Colombo-datelined report said. Prime Minister Bandaranaike finished two...

Zakir Naik enjoyed NDA hospitality in J&K in 2003: Congress

The Congress on Monday returned fire at the Bharatiya Janata Party (BJP), alleging the National Democratic Alliance (NDA) government, in 2003, had entertained Islamic scholar Zakir Naik (pictured), whose role in the recent Dhaka terror attacks has come under scanner. “Naik stayed in the Jammu & Kashmir Raj Bhavan, courtesy...

Don’t assume robots will be our co-workers

Of all the economic questions being debated today, the most frightening one is, “Will the robots take our jobs?” This nightmare scenario comes in several flavours. The extreme version is that automation simply makes human workers obsolete, just as cars made horses redundant. A less apocalyptic possibility is what...

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BJP stages a walkout in Assembly over doctors’ strike

Terming the attitude of the government with respect to the doctors’ strike as “irresponsible”, the Opposition Bharatiya Janata Party members staged a walkout in the Legislative Assembly on Thursday.R... Read More : BJP stages a walkout in Assembly over doctors’ strike Courtesy : The Hindu - National
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