The Age Of Stars

Est. 2026 · Every figure sourcedThe reading-room edition · Sunday, 18 October 2026180 sources catalogued

The slur ledger · Part 2 · 1965–2010

Dot heads

In 1965 America opened its door to Indians, and by the summer of 1987 a gang in Jersey City had named itself after the dot worn on Indian foreheads. The slurs of the next 45 years, from the Dotbusters to Apu to a Senate campaign stop in Virginia, with the names of who said them and what they said afterwards.

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Read the world · Part 3 · 1978–2026

The soft sell

The Army's influence manual builds every campaign the same way: one plain argument, an appeal chosen for the listener, proof, repetition and a test run. The method works on a boardroom as well as a valley in Afghanistan, and it shows where persuasion turns into manipulation.

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AP liquor · Part 3 · 1992–2026

A pub, not a grille

An English pub's premises licence can cost £70 a year to keep. A liquor shop in Tadipatri pays ₹71.5 lakh for the counter and ₹7.5 lakh for a permit room whose published conditions, as far as the desk can find, say nothing about a chair or a fan. How Andhra Pradesh could keep its tax, drop the rents, open the trade to anyone who builds a decent place, and let any brand that pays its duty onto the shelf.

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H-1B · Part 2 · 2015–2026

The scapegoat

Seven in ten approved H-1B petitions are for Indians, so every charge against the programme lands on them. We took the charges one at a time: who made each, when, and what the record says. Some are true. The step from a guilty firm to a guilty nationality is where they stop being true.

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One paper for each year, set in the type of its day and built only from dated records: who held office, what the Bank Rate was, which banks failed, what was borrowed and from whom. Taller bars mean a fuller record.

The century in charts

The Statistical Supplement →
Bank Rate at the three Presidency Banks% a year
051018801890190019101920

Source: RBI, Banking and Monetary Statistics of India (1954). Download CSV

The Reserve Bank's Bank Rate% a year
051015195019601970198019902000

Source: RBI; IMF International Financial Statistics. Download CSV

Rupees per US dollar₹ per $
020406080251020501001950196019701980199020002010

Source: IMF; RBI; World Bank. Download CSV

The Puzzle Page

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Corrections & clarifications

All 117 claims tested →

Popular claims about Indian money, tested against the record. The paper prints the verdict whichever way it falls.

Contradicted

“Britain's December 1950 plan wrote down India's blocked balances by £240 million.”

Claim as found: a misreading that appears in some secondary accounts

Contradicted. The December 1950 plan contemplated a release, a drawing-down, of "some £240 million from the blocked balances of the three countries", of which India's part was £211m, "up to £35 million annually for six years beginning in July 1951". It was a schedule of releases against the balances, not a cancellation of them, and Churchill's earlier counterclaim was not…

Strength of evidence: strong

Partly supported

“Home Charges were a net transfer from India to Britain with no equivalent return.”

Claim as found: Drain theory; Naoroji, Dutt, Ranade, Gokhale

The transfer is documented and large: net disbursements in England of £3.66m (1850-51) rising to about £14.7m in the late 1870s and £16-18m in the 1890s (Fowler App. II Statement 9, table in this file; Statistical Abstract 39th no. table 71). The official components show that a large part was not tribute but payment for things: interest on debt raised in London for Indian railways and irrigation;…

Strength of evidence: strong

Supported

“India had no central bank before 1935.”

Claim as found: Standard textbook statement

The Reserve Bank of India was constituted under the Reserve Bank of India Act 1934 and opened on 1 April 1935 with Sir Osborne Smith as Governor. Before that date the Imperial Bank of India (from 27 January 1921) performed a number of functions normally carried out by a central bank, but it was a commercial bank 80 per cent privately owned; before 1921 the three Presidency Banks performed parts of…

Strength of evidence: strong