Deepak Nayyar
Finance minister Arun Jaitley. The obsessive concern of the finance ministry with the gross fiscal deficit of the central govt is baffling. Photo: Indranil Bhoumik/Mint

Wrong time for fiscal squeeze

8 min read . 12 Jan 2018
Angela Merkel, who has been elected chancellor of Germany for three successive terms, suffered a setback that was described as a “nightmare victory”. Photo: AFP

The political impasse in Germany

8 min read . 08 Dec 2017
The politics of exchange rates is passé. But it has a corollary in a macho belief system that thinks a strong rupee is a plus point for the government. Photo: Hemant Mishra/Mint

A strong rupee hurts the economy

8 min read . 11 Aug 2017
India runs the danger of being the world’s most vibrant democracy with the world’s least effective, and perhaps most dormant, Parliament. Photo: Bloomberg

Vibrant democracy, dormant Parliament

8 min read . 14 Jul 2017
The judiciary has the right to check the overreach of the executive and the legislature, but there is no such check on the judiciary. Photo: HT