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THE short-sightedness in dishonouring sovereign contracts will haunt us. The government is guaranteeing high power generation costs for years to come. The private sector began participating in capital-intensive power generation projects in many developing countries in the 1990s, as governments…

NO one stood taller among the pique of Indian political columnists than Kuldip ‘Lamboo’ Nayar. Ironically, he received that nickname from the shortest of Indian prime ministers — Lal Bahadur Shastri. Born in Sialkot, Nayar lived a long life, dying…