How Sonia Gandhi was persuaded to back reforms - Reuters. Two problems here, one is whether one can really call these steps reforms. Second, if the head of India's largest political party needs to be taught basic economics a decade and a half after taking charge, what does that say about our country?
More skepticism about further reforms, first from Vivek Kaul in Firstpost, and then from Swapan Dasgupta in The Telegraph.
Ashok Malik hopes for bipartisanship in favour of reforms in Tehelka.
Do NOT read this. Terrible piece from Prem Shankar Jha in Tehelka. Jha tries very hard to criticize the
RBI, and fails.
We need more of this - Arun Shourie defends reforms.
A couple of links on 'When everything fails, try blaming the foreign hand' - First a Business Standard editorial, and then Sunit Arora in Outlook.
Retail FDI chronicles - Why 30% local rule is 100% trouble for MNCs by Binoy Prabhakar in ET (if the government really wants to promote the manufacturing sector, why not reform labour laws, reform the bureaucracy and the judiciary, make the country a single market, etc. etc., rather than imposing conditions like making local sourcing mandatory?)
Not a common market - A Business Standard editorial
The BJP makes 10 arguments against retail FDI - None of the ten are good arguments.
R. Jagannathan of Firstpost thinks the BJP is crossing the line towards political stupidity.
Power package is a bailout for politicians, not discoms - R. Jagannathan of Firstpost. How long before SEBs run into trouble again?
Kelkar panel questions budget maths - from Business Standard. And Venky Vembu of Firstpost weighs in. Here is the full Kelkar panel report, if you are interested in that sort of a thing.
How India grows at night while the government sleeps - A Gurcharan Das interview in Firstpost. Das says in the interview that he is hopeful for the formation of a new political party along the lines of the erstwhile Swatantra Party. Who is going to rise to the challenge?
Interestingly, a comment below the article reads - 'We want corruption free India!! Btw where can i find a free pirated PDF copy of this book? ;)'
Coal and the CAG - Indira Rajaraman in the Business Standard
Swaminathan Aiyar worries about India's (lack of) infrastructure plans.
Greed - The excellent Ashish Khetan pens Tehelka's cover story on the Maharashtra irrigation scam.
Rupee may hit 50 per US dollar in a few months: Govt - TOI. Since the government is talking up the Rupee, there is a good chance that the opposite will happen.
Some good news for society - First BJP in makeover mode, and then industry and civil society building bridges.
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