Centre for Informal Sector and Labour Studies, SSS I, JNU organised a Seminar on the topic, 'Dreams and Reality : Unpacking India's Economic Crisis' at SSS I Auditorium JNU from 2-00 p.m. to 7-00 p.m., Friday 13 Sept 2019.…
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large…
One of the unusual features of the Indian economy relates to the banking sector, with bad loans of commercial banks becoming a serious problem, even at relatively low aggregate credit to GDP ratios by international standards. Figure 1 indicates that…
On August 30, as the media waited for the release of the second quarter growth figures that would reveal severe growth deceleration, Finance Minister Nirmala Sitharaman sought to pre-empt any adverse response with a major policy announcement. Ten public sector…
That the Indian economy is currently experiencing a slowdown has been rather evident, both with the deliberations in different private circles and in the official statement announcing a set of remedial measures on August 23. Downtrends in the economy are visible in…
On July 29 the terms of reference of the Fifteenth Finance Commission were suddenly modified by a Presidential order. The Commission is now being asked to examine whether a separate mechanism for financing expenditure on defence and internal security should…
There is no longer any room for doubt on the parlous state of the Indian economy. The automobile industry, seen as a bellwether of activity in the post-liberalisation years, is in crisis, as automakers, parts manufacturers and dealers have laid…
Two years after its implementation, the extent to which the Goods and Services Tax (GST) regime is an improvement upon the earlier system of multiple excise and sales taxes remains unclear. As of now, there are several worrying trends. The…
The hallmark of a systemic, as distinct from a cyclical or sporadic, crisis of capitalism is that every effort to resolve the crisis within the broad confines of the system, defined in terms of its prevailing class configuration, only worsens…
I am often asked: why has the Left, so powerful less than a decade ago, suddenly got eclipsed? The question is pertinent. True, the eclipse of the Left is mainly in the electoral arena, and the Left’s strength has to…
