Nov 16, 2019 Bengaluru: Real estate developer VBHC Value Homes plans to enter into a strategic alliance with landowners and small builders to fuel its growth plans, marking a departure from its earlier practice of mostly buying large land parcels and developing mid-income projects. Under the new business model the firm has signed four joint […]
Nov 08, 2019 Excerpted from ‘The Indian Conservative : A History of Indian Right-Wing Thought’, By Jaithirth Rao with permission from Juggernaut. In the early years after 1947, the conservative elements in the cabinet were able to recruit that archanti-conservative Jawaharlal Nehru to their side in the determined effort to crush a communist insurrection in […]
November 08 , 2019 History overtook intellectual fashions. The Berlin Wall fell, the Soviet Union collapsed and India was faced with multiple crises characterized by high inflation, low growth, dwindling foreign trade and an impossible balance of payments situation. Willy-nilly, India adopted some aspects of so-called neo-liberalism – lower tariffs, fiscal discipline, elimination of an […]
August 20, 2019 Recent events in Jammu, Kashmir and Ladakh have forced us all to revisit the tenets of national or sub-national self-determination. In 1919, American President Woodrow Wilson articulated the rosy liberal vision of self-determination for national, sub-national, ethnic, linguistic, religious and racial groups. Conservatives, who were concerned with empirical, on-ground realities, rather than […]
Jul 17, 2019 Mumbai-based private lender, plans to enter the stock market in FY20 with its Rs 1,500-crore initial share sale, two people aware of the development said. Credit Suisse, Kotak Mahindra Capital and ICICI Securities have been hired to run the sale process. HFFC was set up in 2010 by former Mphasis chairman Jerry […]
June 08, 2019 The Swatantra Party, founded by C Rajagopalachari, was a glorious enterprise. It fought the Nehru-Mahalanobis economic model, which assumed that commissars in Yojana Bhavan knew better than ordinary citizens, entrepreneurs, traders, farmers. Its leader, who was popular as Rajaji, coined the expression “Permit-Licence Raj” to describe a dispensation more intrusively tyrannical than […]
May 21, 2018 In 1979, I shared a home with a pious Sunni Muslim colleague. He was a very sound accountant and I’d always defer to him on matters regarding amortization of goodwill, tax accounting and so on. And then one day, the Khomeini Revolution happened in Iran. I started noticing the acute discomfort that […]