Within six months, outlets carrying Vicks jumped from 60,000 pharmacies to 750,000 general stores. The trade boycott collapsed. Consumers were happy, finding Vicks now at every street corner. A fascinating excerpt from Gurcharan Das's Another Sort of Freedom.
What is needed is dharma or good faith among both companies and officials to limit harm. Regulators should also remember that costs forced on companies become higher costs for consumers, says Gurcharan Das
IPL is a metaphor for a new India - crass, brash and razzmatazz - but it is in big trouble.
Unrecognised private schools, which cater to the poor in slums and villages of India, have been under threat for a long time.
CSR should be re-labelled ISR, Individual Social Responsibility, and each of us, as individuals ought to feel the need to give back, says Gurcharan Das.
The choice for policy-makers is not between free markets and central planning but in getting the right mix of regulation.