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Yearly Archives: 2017

Home 2017

The Class Content of the Goods and Services Tax

  • October 5, 2017
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

The discussion on the Goods and Services Tax (GST) until now has focused almost exclusively on the distribution of its burden across commodities, on the difficulties of meeting its stringent bureaucratic demands, and on the delays in obtaining claims for…

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Winner-take-all Political Funding

  • September 29, 2017
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

It’s true: there’s a lot to be outraged about in India these days. The proliferation of heinous occurrences and very problematic policy choices is alarming, and the misinformation spread through official and unofficial media often makes things worse. All this…

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Mixed Signals from the External Sector

  • September 28, 2017
  • C. P. Chandrasekhar
  • Finance, Trade and balance of payments
  • 0 Comments

A slew of numbers released recently point to rather peculiar and contrary trends in India’s balance of payments. Exports have revived but the trade and current account deficits widen, pointing to an excess of foreign exchange expenditure relative to earnings.…

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A Bull in a China Shop

  • September 26, 2017
  • Prabhat Patnaik
  • Finance, Macroeconomics
  • 0 Comments

The BJP government, like a bull in a China shop, is wrecking the economy. A neo-liberal regime, even at the best of times, i.e. even when the economy is booming, brings misery to the vast mass of the working people…

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Agrarian Conditions and Recent Peasant Struggles in Sikar

  • September 25, 2017
  • Prabhat Patnaik
  • Economy and Society, Food and Agriculture
  • 0 Comments

Sikar, situated in Shekhawati region of Rajasthan, has a glorious history of peasant struggles. From 1920s through 1960s, peasants of Sikar fought successfully against the jagirdars. Sikar had an extremely oppressive jagirdari regime under the Raja of Sikar and peasants…

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Downturn Blues

  • September 20, 2017
  • C. P. Chandrasekhar
  • Fiscal Policy, Macroeconomics
  • 0 Comments

September did not begin well for the Narendra Modi government. As it prepared for a makeover in the form of a cabinet reshuffle with elections 2019 in sight, news came that India’s GDP growth had slowed significantly to 5.7 per…

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Deras and Evangelicals

  • September 20, 2017
  • Jayati Ghosh
  • Economy and Society
  • 0 Comments

At first sight, it seems completely inexplicable: a man convicted of rape of his own young followers in at least two cases and believed to have committed many more; also accused of murder in a case yet to be decided…

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The Epidemic of Vigilantism

  • September 20, 2017
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

My wife and I retired seven years ago after teaching in Jawaharlal Nehru University for nearly four decades, and neither of us gets a pension.The interest on our joint lifetime savings largely sustains us. This entire amount had to be…

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Sanitation Workers in India

  • September 8, 2017
  • Jayati Ghosh
  • Economy and Society, Employment
  • 0 Comments

How many deaths will it take till they know that too many people have died? In just 35 days between mid-July and mid-August this year, in the capital city of Delhi alone, ten sanitation workers died while they were engaged…

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America’s Turn Towards Fascism and Its Contradictions

  • September 4, 2017
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The fact that fascist elements in the U.S. have started raising their sinister head and that Donald Trump has started showing his open sympathy for such elements is borne out by several recent incidents. On Saturday August 12, at a…

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