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A nation on the edge

Financial Express Kolkata

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November 16, 2025

A retrospective of how India’s growth has been precocious in many ways, managing enduring contradictions

book’s core themes is the nature of the Indian state and its role in development and society. For example, the book says, India’s default ideology is statism, best understood in its Indian rendition—‘mai-baap sarkar’ or ‘mai-baapism’.

This is more than the narrow ideology of the Left, with its belief in state-driven industrialisation or welfarism. It is more all-encompassing and shared well beyond the narrow elite, a sort of mass ideology that includes the Right as much as the Left. It connotes the State as provider and protector, refuge and comfort, even as it has also been the apathetic parent, absentee landlord, tormentor and a Wizard of Oz-like figure, projecting an illusion of power sans its reality. The Indian ecosphere is almost universally mai-baapist.

While aspects of mai-baapism were motivated by a sort of elite paternalism, a central feature has been a deep-rooted control mentality. By making the State the locus of all change, it disincentivised other forms of societal collective action.

FLERE HISTORIER FRA Financial Express Kolkata

Financial Express Kolkata

Chomsky, Gates appear in new Epstein estate photos

CONGRESSIONAL DEMOCRATS RELEASED dozens of new images from the estate of the late convicted sex offender Jeffrey Epstein on Thursday, a day before the US Justice Department is required by law to release unclassified ?files from its investigation of the disgraced financier.

time to read

1 min

December 20, 2025

Financial Express Kolkata

Europe agrees to lend 90 bn euros to Ukraine

UKRAINE THANKED THE EU for deciding to provide it with 90 billion euros ($105.46 billion) of support over the next two years-even if the bloc failed to agree on an ambitious plan to finance it using frozen Russian assets.

time to read

1 min

December 20, 2025

Financial Express Kolkata

Funds grapple with paucity of accredited investors

Sebi panel aims to ease investor accreditation process

time to read

2 mins

December 20, 2025

Financial Express Kolkata

Australia plans gun buyback after Bondi massacre

AUSTRALIA WILL LAUNCH a national gun buyback scheme following the mass shooting in Sydney, Prime Minister Anthony Albanese said on Friday, as hundreds of surfers and swimmers paddled out at Bondi Beach to honour victims.

time to read

1 min

December 20, 2025

Financial Express Kolkata

Coca-Cola India profit up 46.3% to ₹615 crore

Revenue rises 7% in FY25

time to read

1 min

December 20, 2025

Financial Express Kolkata

'Expect a couple more REITs to come in by 2026'

While residential markets faced headwinds this year, the office sector recorded 60 million square feet of gross leasing between January and September 2025, the highest for the first nine months of any year.

time to read

2 mins

December 20, 2025

Financial Express Kolkata

Ola Electric shares up 10% on stake sale

Shares surge following one-time monetisation

time to read

1 mins

December 20, 2025

Financial Express Kolkata

China takes India to WTO over tariffs, subsidies

CHINA ON FRIDAY filed a petition with the World Trade Organization (WTO), requesting consultations with India over New Delhi’s tariffs on information and communication technology (ICT) products and solar sector subsidies.

time to read

1 min

December 20, 2025

Financial Express Kolkata

File revised returns if AIS is showing additional income

YOUR QUERIES: INCOME TAX

time to read

2 mins

December 20, 2025

Financial Express Kolkata

Yen weakens across board after BOJ delivers rate hike

CENTRAL BANK SAYS IT WILL KEEP RAISING RATES IF FORECASTS MATERIALISE

time to read

1 min

December 20, 2025

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