COMMENTARY

Sri Lanka's pain is going to spread

IN Sri Lanka, memories of war and terrorism are very much alive. The decades-long civil war between the Sinhala-dominated government in Colombo and the Liberation Tigers of Tamil Eelam was brutal by any standards, and it ended a decade ago with a climactic battle near the Indian Ocean that took...

COMMENTARY

What Jet's collapse says about India

IT looks like Jet Airways Ltd's luck has finally run out. India's oldest privately owned airline is on the verge of shutting down all its flights because it simply doesn't have enough working capital. It's more than a billion dollars in debt and has lost money for the last four quarters. 

COMMENTARY

Are India's budget numbers bogus?

IN a few weeks, India's finance minister will present what's called an "interim budget" - the accounts of the year gone by, as well as his plans for the year to come. It isn't supposed to be a regular budget because the government faces re-election in a few months; the...

COMMENTARY

Why India's airlines struggle to take off

ANYONE puzzled by how the Indian economy manages to grow swiftly while somehow failing to be prosperous could do worse than look at the state of India's airlines....