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“Nationalisation,” Indira Gandhi proclaimed, “is necessary for the speedy achievement of these objectives.”
In terms of outcomes, the first decade of coal nationalisation saw “political patronage of mafia activities” and bureaucratic corruption.
A five-decade-old issue — concentration of economic power, dominance in the hands of the few and the resultant inequalities — remains alive even t
Initially offered by post offices and branches of select public sector banks, today, most private sector banks can offer the provident fund scheme to
The Special Economic Zones Act was, and still remains, a difficult legislation to turn into action.
Both sides need to carefully manage this issue to avoid damaging the wider relationship.
