During 1994-96, over-extended bank credit, trade deficit, rising inflation and property speculation led to a recession. These issues are now back. But the outcome may not be the same. Are we close to the end of the first phase of the beginning of a long-term boom in emerging markets or the beginning of the end of that boom? That is the thought playing in the minds of top speculators and...

Gandhiji’s idea about nutrition are interesting but unknown

In the 1940s, when India was neither poised nor rising, Mahatma Gandhi had written about the nation’s health with a focus on the common man. One is amazed by the depth of his knowledge about nutrition -- a diet which he recommended for the poor people of India, perhaps, contains all the nutrients that a healthy body needs. He said:...