‘Profit maximisation’ is finding echoes in government as well. Uddalok Bhattacharya sums up
The finance ministry has been largely influenced by the recommendations of the Finance Commission, particularly with regard to those for the fiscal consolidation path for the states, says A K Bhattacharya. A different approach has been adopted for the Centre, wherein the finance ministry has preferred a conservative stance with regard to the need for reducing its fiscal deficit.
The shareholder versus stakeholder: In analysing this, Amit Tandon brings in Milton Friedman and other economists
Our edit highlights the increasing weaknesses of the reservation system
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