Paranjoy Guha Thakurta

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Paranjoy Guha Thakurta is an educator and commentator

Running on fumes

The sharp and sudden collapse of international prices of crude oil brings significant short-term gains for the Indian economy.

Trading honesty for benefits

Lalu Prasad Yadav is in jail. As is Rasheed Masood. Both have been disqualified as legislators. But are elected representatives now likely to be less brazen while participating in acts of corruption, even if the long arm of the law remains rather lengthy and the wheels of justice continue to grind excruciatingly slowly?

Drowning in graft

The paradox is rather apparent. In the contemporary history of India, never have so many once-influential politicians had to spend time behind bars as they have in recent times. Yet the second UPA government, headed by a Prime Minister who was known as Mr Clean, is also being perceived as one of the country’s most corrupt regimes, packed by people with flexible ethics.

“‘I have nothing to confess,’ said the spider Confronting God Yama at the gate Then opening his jaws a little wider He accounted for everything he ate. Flies, fleas and moths he trapped

India’s federal structure calls for the division and sharing of powers on a territorial basis between the Centre and states.