Avul Pakir Jainulabdeen Abdul Kalam was not the best engineer India has ever produced. Nor was he the most erudite of its 13 presidents. But he was undoubtedly the most-loved person to have ever occupied Rashtrapati Bhavan and his would probably be the first name mentioned (in error) if the man on the street was asked to list pre-eminent Indian scientists.
Raju had been inflating profits and doctoring the SCS accounts for years, with the connivance of the other accused. Indian businesses often fudge accounts to conceal profits and reduce tax incidence. But Raju could do it the other way around and inflate profits. Since all the profits came from exports, everything was exempt from income tax.
09/04/2015 8:04 PM IST
The question is, can this government resolve two persistent issues? First, it has to find ways of accelerating green clearances without destroying the environment. Second, it has to find ways of acquiring land for infra projects without sparking huge amounts of civil society resistance. The previous UPA governments signally failed at both tasks.
01/03/2015 2:51 PM IST
Many Budgets are forgettable. But some are highly memorable. A few have redefined the economy.
28/02/2015 11:39 AM IST
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