Why the 1991 Budget was not reformist

Manmohan Singh's first Budget was regressive in many ways. Liberilisation appeared as a side product of the need to address the shortage of foreign exchange.

How COLO went Loco, or how technology aided stock scams

In 2010, in an exercise dubbed Co-Location (COLO), the NSE allowed a few brokers to trade from inside its premises. The traders set up machines in the exchange’s data center, which housed the technological engines that matched the millions of buy and sell deals every day.

How big bulls took reforms for a stock market ride

For centuries, stock market scandals across the globe, and in India, followed a typical pattern. There are a few greedy, ambitious and unscrupulous traders, financiers, and companies, aided by policy-makers, who were lethargic and lackadaisical, or enthusiastically supported manipulations.

How reforms grounded Air India and turned family jewels into junk

As part of our series on three decades of liberalisation, today we look at how India's crown jewels were sold off to finance deficits and pursue populism.

How reforms left lives and incomes of farmers untouched

As part of our series on three decades of liberalisation, we find out why farm incomes have remained stagnant in spite of lofty slogans and proposals.

How reforms left farmers high and dry

Despite noble intentions, policies, and MSPs, farm incomes failed to rise adequately. The current farmers’ protests are signs of distress.

Cricket Corruption: How reforms led to the match-fixing scandals

In this ever-changing milieu, cricket emerged as the mafia’s manna. Betting, gambling, and fixing in the game became an illegal industry that was larger than the size of the combined earlier businesses.