C P Chandrasekhar-Frontline

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THE LIBERTAD, an Argentine naval vessel, was detained in Tema, Ghana, on October 21 under a court order obtained by NML Capital Ltd, a 'vulture fund'. The firm says it will release the ship only after Argentina pays it at least $20 million of the $300 million that Argentina owes it in defaulted sovereign bonds.-REUTERS

Vulture funds that feed on sovereign debt

A recent judgment in a U.S. court in a case involving debt restructuring by Argentina poses questions about sovereign default and by extension the hug

C.P. CHANDRASEKHAR

THE BOOK OFFERS an empirically rich and balanced assessment of the economic record of Gujarat and its government under Narendra Modi.-

Growth bubble

The benefits of Gujarat's economic growth have not been shared with much of the States poor and working population and even the sustainability of this

C.P. CHANDRASEKHAR

Prime Minister Manmohan Singh, Congress president Sonia Gandhi and general secretary Rahul Gandhi at the party's rally at Ramlila Maidan in New Delhi on November 4.-PTI

Lost in transition

The Congress is at an ideological turning point where foreign-controlled, low-technology projects in retail and other sectors are seen as the new temp

C.P. CHANDRASEKHAR

A view of the Life Insurance Corporation building, with 13 floors and two basement floors, on Mount Road in Madras when it was inaugurated in 1959. Three years earlier, the life insurance sector had been nationalised.-THE HINDU ARCHIVES

Importing risk into insurance

Increased foreign presence in the industry is unlikely to improve insurance penetration and density in the country. Instead, foreign capital would imp

C.P. CHANDRASEKHAR

IN THE NAMDAEMUN market in Seoul on September 20. Instead of saving for the future, South Korean households are consuming out of what they hope would be tomorrow's income.-SEONGJOON CHO/BLOOMBERG

Asian debt mountain

The South Korean experience of an unsustainable, reinforcing build-up in household debt is, in fact, a trend in South-East Asia.

C.P. CHANDRASEKHAR

Prime Minister Manmohan Singh with Deputy Chairman of the Planning Commission Montek Singh Ahluwalia and Finance Minister P. Chidambaram.-RAJEEV BHATT

For the sake of foreign investments

The principal objective of the government seems to be that of winning and sustaining the whimsical confidence of foreign capital at all costs. This is

C.P. CHANDRASEKHAR

Prime Minister Manmohan Singh addressing the nation on Independence Day.-RAMESH SHARMA

Nation redefined

The UPA government is overemphasising reform-led growth that benefits a few and excludes the majority, arguing that it is important for national secur

C.P. CHANDRASEKHAR

Jose Graziano Da Silva, Director-General of the Food and Agriculture Organisation, has called on the U.S. to reduce substantially the diversion of maize for ethanol production.-REUTERS

Food, the new crisis

A recession-hit world is only just waking up to the prospect of the coming food crisis resulting in a period of political turmoil with unexpected cons

C.P.CHANDRASEKHAR

At the Ambattur Industrial Estate in Chennai, workers filing in for the morning shift in their companies.-S. THANTHONI

Animal spirits gone wild

The new policy approach involves diverting expenditure from subsidies for the poor to finance investment that can spur demand for the private sector.

C.P. CHANDRASEKHAR

At a protest by the Irish Congress of Trade Unions in Dublin against the government's approach to the economic crisis.-PETER MUHLY/AFP

Second crisis looms

Austerity has become the rule when public expenditure should be replacing debt-financed private expenditure as the stimulus for growth.

C.P. CHANDRASEKHAR

Rajat Gupta (left), former Goldman Sachs Inc. director and former senior partner at McKinsey & Company, comes out of the the Federal Court in New York with his attorney Gary Naftalis on June 13.-PETER FOLEY/BLOOMBERG

A saint unravelled

The conviction of Rajat Gupta, a feted sage among the neoliberal elites, shows up the hollow corporate culture of winning at all costs.

C.P. CHANDRASEKHAR

At a petrol bunk in Chennai on May 28.-R. RAVINDRAN

The blame game

On dealing with rising global oil prices, the UPA seems trapped in a debate on the agents who should bear the burden and to what extent.

C.P. CHANDRASEKHAR

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