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Monthly Archives: February 2024

Home 2024 February

Federal Fracture: A nation in crisis

  • February 22, 2024
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

Indian federalism is on the verge of breakdown. Ministers from opposition-ruled States have taken to the streets in New Delhi to protest against discrimination by the Centre. And the Prime Minister, who leads the use of a divisive majoritarian agenda…

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Maldives: Debt and dependence

  • February 20, 2024
  • C. P. Chandrasekhar
  • Finance, World Economy
  • 0 Comments

As the distance between Maldives and India widens, with the latter being asked to withdraw its uniformed personnel stationed in the former, questions are being asked about how Maldives will manage without India’s help on the economic and regional security…

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The Descent into Barbarism

  • February 19, 2024
  • Prabhat Patnaik
  • Economy and Society, World Economy
  • 0 Comments

In The Junius Pamphlet written from jail in 1915, Rosa Luxemburg had said that the choice before mankind was between barbarism and socialism. Liberal opinion would contest this, arguing that the barbarism that marked the two world wars and the…

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The Budget and the Inversion of Reason

  • February 12, 2024
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

The BJP government holds that truth is what Modi says; if evidence points otherwise then evidence must be wrong and should be suppressed. Modi says that India never had it so good as during the last decade of his government;…

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Distress and Displacement in Times of War

  • February 9, 2024
  • C. P. Chandrasekhar
  • Political Economy, World Economy
  • 0 Comments

Recruitment drives held over the last week of January, in Lucknow in Uttar Pradesh and Rohtak in Haryana, for Indian workers to undertake construction and caregiver jobs in Israel have captured global attention. Thousands of job aspirants, who had either…

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The Mystery about Investment

  • February 6, 2024
  • Jayati Ghosh
  • Finance, Macroeconomics
  • 0 Comments

One persistent macroeconomic concern in the Indian economy over the past decade has been the continuing decline or stagnation in investment rates. The decline began after 2010, that is before the tenure of the Modi government, but it continued thereafter.…

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What the GDP Hides

  • February 5, 2024
  • Prabhat Patnaik
  • Finance, Macroeconomics
  • 0 Comments

There are well-known problems associated with the concept of gross domestic product as well as with its measurement. The inclusion of the service sector within GDP is something that Adam Smith would have objected to on the conceptual grounds that…

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