Prabhat Patnaik September 24, 2018 The Indian economy is in a tailspin. This cannot be attributed only to innocence in economic matters of the command-centre of the NDA government. While that is indubitably a contributing factor, the current travails of the economy point to something deeper,...
C. P. Chandrasekhar September 24, 2018 July 2018 marks the first month of the second year in which the much-heralded Goods and Service Tax (GST) regime has been in place. When launched 13 moths earlier, in a propaganda blitz that (wrongly) claimed that this “one nation,...
The way we estimate growth in the unorganised sector should have changed after demonetisation, but it didn't. The assumptions of the old methodology no longer hold true. The organised sector is growing at the expense of the unorganised sector leading to a crisis in the latter....
सत्यम केरल की साढ़े तीन करोड़ जनता इस समय भयंकर विनाशकारी बाढ़ की तबाही झेल रही है। इसे पिछले 70 वर्षों की सबसे विनाशकारी बाढ़ बताया जा रहा है। यह लेख लिखे जाने तक बाढ़ के कारण राज्य में कम-से-कम 350 लोगों की जान जा चुकी...
C.P. Chandrasekhar August 29, 2018 With Imran Khan’s Pakistan Tehreek-e-Insaaf (PTI) or “Movement for Justice” winning 116 of the 272 seats filled through election in Pakistan’s National Assembly, the former cricketer is set to be installed as his country’s next Prime Minister. So attention has now...
Jomo Kwame Sundaram Several arguments have been advanced to justify privatization since the 1980s. Privatization has been advocated as an easy means to: Reduce the government’s financial and administrative burden, particularly by undertaking and maintaining services and infrastructure; Promote competition, improve efficiency and increase productivity in...
Jayati Ghosh For many Indians, the period of the Emergency in the mid 1970s represents the blackest period for Indian democracy since Independence. As a student at University during that time, seeing the repression and fear all around and knowing some of the people who were...
Jayati Ghosh September 19, 2018 GLOBAL CAPITALISM TODAY: UNSTABLE, MORIBUND, OR JUST RESTING? Ever since the global financial crisis of 2008–2009, the trajectory of the world economy has been hesitant, unstable and prone to many risks. Output recovery has been limited and fragile; and, more significantly,...
Anis Chowdhury and Jomo Kwame Sundaram September 19, 2018 George Soros, Bill Gates and other pundits have been predicting another financial crisis. In their recent book, Revolution Required: The Ticking Bombs of the G7 Model, Peter Dittus and Herve Hamoun, former senior officials of the Bank...
C. P. Chandrasekhar September 17, 2018 Having overcome a legacy of extreme shortage of supply, India’s power sector is in the midst of a crisis with ramifications of a wholly different kind. The crisis arises because firms accounting for significant proportion of power sector assets have...