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Political Economy

Home Political Economy

MNREGA under the Modi Regime

  • January 21, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

It has been clear for some time that the NDA-led central government is not particularly mindful of its legal obligations, particularly where rights-based laws are concerned. There has been continuing and blatant violation by the central government of Supreme Court…

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The Abolition of the NDC

  • January 11, 2016
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

The Narendra Modi government is winding up the National Development Council, an apex body consisting of the Prime Minister, the concerned central cabinet ministers, and all state chief ministers together with their concerned cabinet colleagues, which supervised the planning process…

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The Heavy Price of Economic Policy Failures

  • January 7, 2016
  • Jayati Ghosh
  • Economy and Society, Macroeconomics, Political Economy
  • 0 Comments

A lot of the media discussion on the global economy nowadays is based on the notion of the “new normal” or “new mediocre” – the phenomenon of slowing, stagnating or negative economic growth across most of the world, with even…

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A Candid Assessment?

  • January 6, 2016
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

As 2015 drew to a close the Finance Ministry released its Mid-Year Review (MYR), which summarised the official view of the state of play in the economy after a year-and-a-half of Modi-rule. As expected the MYR begins with the positives,…

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IDBI Bank: The door to denationalisation

  • January 4, 2016
  • C. P. Chandrasekhar
  • Finance, Political Economy
  • 0 Comments

Officers and other employees of the public sector IDBI Bank, organised under the banner of the United Forum of IDBI Officers and Employees, struck work for a day on November 27 protesting against the government’s decision to privatise the bank.…

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Imperialism’s New Trade-negotiating Strategy

  • December 28, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy, Trade and balance of payments
  • 0 Comments

The WTO has been a major weapon used by the advanced countries to roll back the structures that the third world dirigiste regimes which came into existence after decolonization had erected for achieving a degree of self-reliance. The TRIPS agreement…

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The Seventh Pay Commission Report

  • December 14, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The central government sets up a Pay Commission about once every ten years to recommend what the structure of salaries, allowances and pensions for its current and retired employees should be. The seventh Pay Commission had been set up accordingly…

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The Stench of Counter-revolution

  • November 13, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The closest friend I had in my childhood was a boy who came from a dalit family. He lived in a little bustee near our house in the small mofussil town in Odisha where I spent my early years. He…

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The Slogan of “Make in India”

  • November 10, 2015
  • Prabhat Patnaik
  • Political Economy, Poverty, World Economy
  • 0 Comments

At first sight the “Make in India” campaign appears innocuous, a pipe-dream perhaps but a rather harmless one. If the world’s big companies come to “make” things in India for selling all over the world, which is the thrust of…

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The State as Fiefdom

  • October 6, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The Safdar Hashmi Memorial Trust (SAHMAT) is named after a young Left-wing theatre activist who was beaten to death by goons while performing a street play in support of striking workers in Sahibabad on the outskirts of Delhi. It is…

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