The conjuror of this illusion, of course, is what we call ‘inflation’. And while American policymakers have managed to quell it, in India it still moves in mysterious ways
As the boss of OPEC, a cartel that has given the world many an ‘oil shock’ in the past, Saudi Aramco is no ordinary company. Can such an entity be privatised even fractionally?
Instead of governments going libertarian with ‘nudge’ policies, businesses appear to be turning more and more coercive. Taxi-hailing services are a fine example
TCA Raghavan is a former Indian High Commissioner to Pakistan and Singapore. His first book, Attendant Lords: Abdur Rahim and Bairam Khan: Courtiers and Poets in Mughal India, was awarded the Mohammad Habib Prize by the Indian History Congress. He is also the author of The People Next Door: The Curious History of India’s Relations with Pakistan and History Men: Jadunath Sarkar, G S Sardesai, Raghubir Sinh and Their Quest for India’s Past. His latest book is Circles of Freedom: Love, Friendship and Loyalty in the Indian National Struggle