A year is a long time

A year is a long time

A year ago, the European economy seemed in better shape than the US one. Today, the positions have reversed.

A year ago, Nick Clegg was a (relative) nobody. Today he is deputy prime minister of the UK.

A year ago, brothers Anil and Mukesh Ambani were at war. On Sunday, they announced that they had made up.

A year ago, Prime Minister Manmohan Singh was not ready (or willing) to speak to the media. On Monday, he did (and answered all of 53 questions).

Two years ago, India allowed new entrants into its booming telecom market, effectively valuing 1MHz of spectrum (radio waves that carry calls) at Rs375 crore.

Last week, it auctioned spectrum for third-generation telecom services at the effective price of Rs2,084 crore for 1MHz.

A year ago, the Dravida Munnetra Kazhagam’s A. Raja was India’s telecom minister.

Today, he still is.

Some things, it would appear, never change.