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Yearly Archives: 2016

Home 2016

Another Setback for the Tatas

  • April 13, 2016
  • C. P. Chandrasekhar
  • Industry
  • 0 Comments

At the end of March, Indian private sector steel major Tata Steel, flagship firm of the Tata group, announced that it was closing its steel operations in the UK that are reportedly bleeding losses at the rate of one million…

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The State of the Economy

  • April 8, 2016
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

There was a time when India had one of the finest statistical systems in the developing world. No matter how one interpreted the statistics that came out of that system, one could take the figures themselves as reasonably correct. This…

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Tata Tried to Turn the Tables on Britain. It Failed

  • March 31, 2016
  • Jayati Ghosh
  • Industry
  • 0 Comments

Thousands of steelworkers’ jobs are threatened as Indian company Tata threatens to walk away from its loss-making business in the UK. The move is causing shockwaves over the health of Britain’s manufacturing industry; but it is also a strong indicator…

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Exclusion from Public Service, Indian Style

  • March 30, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

There’s been a lot of talk among policy makers in India about ensuring inclusion. The UPA government talked about “inclusive growth” and made it the headline for its Five Year Plan documents. The NDA government has dispensed with planning but…

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Banks and the New Asian Tigers

  • March 30, 2016
  • C. P. Chandrasekhar
  • Finance, World Economy
  • 0 Comments

In the immediate aftermath of the 2008 financial crisis and the Great Recession that followed, two countries that were seen as crucial to propping up global economic growth and even ensuring a recovery were China and India. Prior to the…

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Anti-national Economics

  • March 16, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

As the air in India grows thick with accusations of being “anti-national”, it is worth taking a step back to consider what this means in political economy terms. After all, to characterise someone as “anti-national” you must first define what…

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Why do we have Unemployment?

  • March 14, 2016
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Unemployment has become so persistent a phenomenon in contemporary times that there is a common feeling that it is a “natural” state of affairs, that nothing can ever be done about it, and that the only way to have greater…

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A Sinister Pattern Underway

  • March 7, 2016
  • Macroscan Team
  • Economy and Society, Political Economy
  • 0 Comments

"In a time of universal deceit, telling the truth is a revolutionary act"— George Orwell The controlled voice of Ravish Kumar on a blackened screen and his stark report on NDTV India on February 19 made for a powerful statement.…

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The IMF in Pakistan

  • February 18, 2016
  • C. P. Chandrasekhar
  • Finance, World Economy
  • 0 Comments

On February 4, after meetings held at Dubai for security reasons, an IMF team arrived at an agreement with officials from Islamabad, which would permit the release of the last-but-one tranche of $497 million out of an SDR 4.393 billion…

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The Battle to Defend the Employment Guarantee Scheme!

  • February 12, 2016
  • Macroscan Team
  • Political Economy, Poverty
  • 0 Comments

As I write, roughly 10.3 million workers return home as the sun sets on 4.9 lakh worksites across the length and breadth of this vast country under the Mahatma Gandhi National Rural Employment Guarantee Scheme. About 23% are Scheduled Castes,…

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