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EDITORIAL
Devolve to develop
Vertical allocation of tax revenues and powers are a more efficient way of ensuring economic performance. More

AGRICULTURE
India Inc can sow a paradigm shift
Corporates can bring about a turnaround in the agriculture sector, bringing all-round benefits. More

POLITICS
Can democracy ensure economic discipline?
Freedom is an important component of development. But if it can deliver economic advancement for a vast majority depends squarely on whether or not the policy environment is conducive, says BHANOJI RAO. Clearly the Indian democracy faces a key chal lenge: How to ensure necessary discipline while eschewing unwanted authoritarianism. More

The great leap backward
The Cabinet room was crackling with excitement. Small groups huddled together exchanging whispers, as they waited for Mr Dharma Raja, the Prime Minister, to come in. And, suddenly, the room went quiet as the Prime Minister walked in with his ... More

TAXATION
Have income, give subsidies
The fault lies not in providing subsidies to the poor and the needy but in not raising enough resources. The Government provides tax exemptions, which reduce legitimate tax revenues due to it, and the variety of subsidies and sops, says T. C. A. R AMANUJAM, exacerbates the economy's woes. More

STOCK MARKETS
Explaining the stock market correction
The second fortnight of May witnessed a much needed though still inadequate correction of the recent unprecedented rise of the Sensex. Yet, in the blame-game that followed, inadequate "reform" stemming from political opposition has been seen by some observers to have caused a "loss of wealth" In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh examine the context and nature of the downturn and the validity of these arguments. More

LETTERS

Top Stories
Coffee growers look for improvement in prices

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