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OPINION
ECONOMY:
New light on business services
Despite its relatively low level of per capita income by developed country standards, India’s growth during much of the post-liberalisation period has been led by services. There are plausible reasons why growth in developing countries ...
POLITICS:
The ugly race for numbers
Short of fist-fights, a lot of action is happening on the national political theatre. And the frenzy with which our neta log have started hitting out at each other, the days in the run-up to the trust vote in the Lok Sabha, are ...
PETROLEUM:
High oil prices and Russia’s problem of indigestion
At a time when India struggles with the soaring crude import bill, Russia’s problem is how to absorb windfall oil revenues and avoid indigestion. Just over a decade ago, oil was trading at around $10 a barrel; last week, it shot through ...
EDITORIAL:
Statistics as farce
Statistics can be misleading if not absurd, particularly when they pertain to the Indian economy. Estimates of monthly per capita consumption expenditure (MPCE), drawn up by the National Sample Survey Organisation (NSSO), are a case in point. The ...
BANKING:
Operational risk capital in banks: Migrating to advanced measurement approach
Operational risk has always been an important component of risk faced by banks, but a widespread movement to isolate this began only a few years back with a plan by the Basel Committee on Banking Supervision to include specific capital ...
LETTERS:
The nuclear option
LETTERS:
Handling the government
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