Monthly Archives: October 2018

From Raj to Rafale 2 – The Thug of Bombay

EVERY scandal needs a villain, rather a hero-turned-rogue. In fact, what a scintillating scam requires is an anti-hero, who combines the traits of an idol and a scoundrel. The Securities Scam of the early 1990s had Harshad Mehta. In the … Continue reading

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Massive Army, Miniscule Spending

The 29th report of the Estimates Committee that was chaired by veteran BJP MP, Murli Manohar Joshi, raises many alarming questions about India’s defence preparedness. The most severe indictment is that India’s defence budget as a percentage of GDP at … Continue reading

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Ravi Parthasarathy : The New Robber Baron

Ravi Ramaswamy Parthasarathy perfected the art of networking and science of logical persuasion. He carefully built contacts in financial, political, bureaucratic and business circles, both at the national and state levels. When the opportune time came, he used them to … Continue reading

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Oil & Gas-Why settle for ‘Sell in India’, when you can ‘Make in India!’

For every barrel of oil produced in India, the government earns more than 50 per cent of revenue through royalty, cess, profit petroleum; not to mention corporate income tax and other state level taxes. On the other hand, for every … Continue reading

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An army of scare crows

THE Estimates Committee report of the Indian Parliament on India’s operational preparedness has highlighted with predictable regularity the inadequacies in defence allocation, especially the year 2017-18. This is due to the absence of any systematic and institutionalised process of defence … Continue reading

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The House of Cards Ravi Built

What went wrong with the IL&FS empire over the past four years? How did it turn from a seemingly-robust and complex maze into a castle of sand? What did Ravi Parthasarathy, who resigned in July 2018 due to health reasons, … Continue reading

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UN-MADE IN INDIA

For any nation with a large defence force, relying on imported fighting equipment was always going to be an expensive and impractical proposition. Yet in India, which has the fourth largest standing army in the world, developing and manufacturing of … Continue reading

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Short sighted smugness

THE letter from a retiring Chief of Army Staff to the Prime Minister that made headlines in March 2012 calling attention of the Government to the critically depleting state of armament and equipment in the Indian Army’s principal fighting arms … Continue reading

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ROYALTY ‘Rules’

INDIA has been a victim of economic exploitation for centuries before we attained independence in 1947. This drain of wealth was so exploitative that Will Durant called the British rule in India as the “the most sordid and criminal exploitation … Continue reading

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Black thunder, silver lightning

I was the first one in the family to join the Indian Army. Both my father and grandfather were in the Civil Services and served in what was then known as the United Provincial cadre. I was a student at … Continue reading

Posted in First Stirrings | Leave a comment