Democracy and the art of keeping out of fiscal crisis
Speaking recently at the World Conference on Democracy held at New Delhi. Dr Amartya Sen, the Nobel laureate is reported to have observed that "democracy keeps you out of trouble during fiscal crisis".

Kargil shows that there is no easy peace
The airstrikes launched by India on May 26 was inevitable. Otherwise to clear the infiltrators from the rugged heights of Kargil would have meant a very heavy price in Indian life.

Growing subsidies
The compulsion to subsidise decontrolled fertilisers stems from the fact farmers economise on their use.

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