Imperialism today needs to be conceptualised in terms of gratis (one-way transfer of wealth to western nations) plus the threats that it poses to human life and the planet itself
The soaring NPAs, despite several interventions like Dispute Resolution Tribunals, Asset Reconstruction Companies and Insolvency and Bankruptcy Code, now get another pill
Instead of selling off public sector assets, government should choose expansionary fiscal policy partially financed by monetisation for reviving demand
The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation
With permanent members of the UN Security Council putting their own interests above global benefit, the much-needed reforms to address aspirations of developing nations fail to take off