Coronavirus: Tomorrow always comes

'A very vast majority of us will catch it at some point, about 8 out of 10 won't feel much worse than a common cold's nuisance, if at all, but some will die.''A very, very vast majority, at least......

BRICS bank: A giant step towards reforming the world system

The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual......

Modi, Indira Gandhi and bad economics

'All of Indira Gandhi's bad economic ideas are being strengthened, from nationalised banks to anti-poverty, handout yojanas,' says Shekhar Gupta. The most fascinating insight notebandi provides is......

Why gold is not the villain in India's growth story

Instead of worrying about imported gold, FM should broaden the tax base to dispel concerns about govt-driven inflation. Gold is not the villain the Indian government portrays it to be. Rather,......

Of irrational exuberance, bulls & bears

There is a trend to apply psychological explanations in place of basic economic logic to explain macroeconomic phenomena. One example concerns the boom-and-bust business cycle. A conventional......

How economics lost sight of real world

The past two years have not enhanced the reputation of economists. Mostly they failed to point out fundamental weaknesses of financial markets and did not foresee the crisis, and now they disagree......

Indian tax system: One of the most unfriendly

It was John Maynard Keynes who said, "practical men, who believe themselves to be quite free from any intellectual influences, are usually the slaves of some defunct economist...soon or late, it is......