Economy

An advertisement currently running on TV for Chevrolet’s Beat Diesel has the closing line “Fuel is getting less expensive.” Since the sharp rise in petrol prices was headline news just recently, one was surprised at … Read more

The CAG Report on the audit of the Production Sharing Contracts for the on-shore and off-shore oil and gas blocks once again shows the unholy nexus between the UPA and big capital in the country. … Read more

WHILE considerable attention has been focused on the World Trade Organisation (WTO), and the binding trade rules that it imposes on member countries, there is a shift towards much of trade negotiations being conducted bilaterally … Read more

THE 2G scam has shown how scarce national resources like the spectrum have been given at throw away prices to big capital. In this game, there are not only older players such as Reliance, Unitech … Read more

The UPA government is once again attempting to completely open up the retail sector to foreign direct investment including, possibly, 100 percent FDI in organized multi-brand retail or supermarket chains. The Department of Industrial Policy … Read more

  Bailout For US Automobile Big-3 IT has been a while since the US Congress approved a $750 billion bail-out package aimed at pulling the US out of the biggest crisis in US and global … Read more

The “New Economy” consists of Information, Communications and Entertainment (ICE) and is assumed to be free of the constraints of the older and more traditional brick and mortar economy. While the growth of the old … Read more

The Finance Ministry’s decision to treat any Foreign Institutional Investor (FII) who has a Branch office in as a Mauritius Company under the Double Taxation Avoidance Treaty with Mauritius will lead to tax loss of … Read more

The current crisis of the financial system is not one of merely a depressed stock market and a scam in UTI. It is now becoming clear the crisis goes well beyond — into other financial … Read more

In the never-never land Indian capitalism, all that is required to generate wealth for the people is to promote the market and invite in private and foreign capital. In infrastructure, private ownership will be more … Read more

It has been claimed by the Government of India (GOI) that India’s  debt burden is not significant. In a report to the World Bank (India’s External Debt – A  Status Report, GOI, June, 1999), it … Read more

With advances in electronics art, entertainment and information delivery are being restructured creating a new information order. As technological development transforms the various elements of television, films and distant learning introducing the new domain of … Read more