Thackeray scores a self-goal

March 23, 2008 on 1:24 pm | In Newspapers, Times of India | No Comments

The damage is done. Hit by an exodus of North Indian labour in the past two months following Raj Thackery’s Marathi rage, industrialists in Pune, Nashik, and Thane have slowed their expansion plans in Maharashtra and are looking towards other states. They fear a return of the old nightmare when Datta Samant’s labour militancy combined with Bal Thackeray’s xenophobia drove white collar jobs from Mumbai to Bangalore and blue collar jobs to Gujarat. Continue reading…

This waiver is immoral

March 9, 2008 on 3:22 pm | In Newspapers, Times of India | No Comments

Nagoba Khamnakar feels like a fool. Like many farmers in his village of Mahakurla in Chandrapur, Maharashtra, he borrowed money from his bank last year. He repaid it diligently, in installments and on time. Many of his neighbours, however, did not. When the Finance Minister announced last week in his Budget an amnesty against repayment of small farm loans, he said sadly, ‘What is the use of being honest?’ Continue reading…

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