The latest corruption scandal to embroil India’s coalition government is scarcely a surprise. The nephew of Pawan Kumar Bansal (right), the railways minister, was to be paid Rs100m (about £1.2m) to fix a top Railways Board appointment. Such appointments have been fixed for decades, often financed with money from companies that later benefit, as was [...]
One of Margaret Thatcher’s most significant legacies is privatisation – not only for introducing the policy itself, but also for adding the word into the world’s every-day vocabulary. Her death this week seems a good moment to recount how we launched the word on July 28 1979 in The Financial Times.
The day before, I [...]
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