Devesh Kapur &Amp; Arvind Subramanian

Markets & the capital account conundrum

Imposing moderate restrictions on hot inflows need not damage the government's policy credibility.

Reassuring politics, reasonable economics

The Indian system has shown capacity for learning by doing and learning from over-doing.

Let's bury Doha and start afresh

It is time to lay the Doha Round to rest and think afresh about trade negotiations.

Reservations? Here's an alternative

Graduated education vouchers could be an answer to the rising discord over reservations.

Rupee appreciation: Lessons from China

The lesson for India is not that it should revert to distorting the price of capital but eliminate the distortions in the use of labour.

NRI deposits for core sector

Montek Singh Ahluwalia's suggestion should be slightly modified for this.

The political economy of reforms