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Articles

Home Articles

Europe could make good use of a New SDR Allocation

  • March 1, 2021
  • Jayati Ghosh
  • Finance
  • 0 Comments

In their saner moments, most progressives in the European Union might concede that the bloc has not acquitted itself very well as a global player during the pandemic. To be sure, it has finally displayed some good sense in looking…

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Fifteenth Finance Commission: A neoliberal boost to fiscal centralization

  • March 1, 2021
  • C. P. Chandrasekhar
  • Macroeconomics
  • 0 Comments

The headlines suggest that the 15th Finance Commission (15th FC) has not let down the states when deciding on their constitutionally mandated share in the divisible pool of the Centre’s tax revenues over 2021-26. It has more or less stuck…

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A Lifeline for the News Business

  • February 25, 2021
  • C. P. Chandrasekhar
  • Employment
  • 0 Comments

A process started four year’s back by Australian’s competition commission could offer support to a struggling global news business. The process, to curb internet firms from freeriding on news they do not generate, is expected to culminate in legislation that…

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The Challenge of LDC Debt

  • February 9, 2021
  • C. P. Chandrasekhar
  • Trade and balance of payments
  • 0 Comments

As governments begin to vaccinate their populations against COVID-19 to win herd immunity, attention would turn to addressing the multiple crises that are the legacy of the pandemic. One such only partially recognised and half-heartedly addressed so far is the…

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Hype in the Midst of a Crisis

  • February 9, 2021
  • C. P. Chandrasekhar
  • Finance
  • 0 Comments

In an attempt to persuade listeners into believing that Budget 2021 will complete the conquest of disease and unleash an era of post-Covid expansion, Finance Minister Nirmala Sitharaman placed special emphasis in her budget speech on two sets of initiatives.…

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Changing the Speculative Game

  • February 8, 2021
  • C. P. Chandrasekhar
  • Finance
  • 0 Comments

January proved to be an unusual month in the US equity market. The shares of GameStop, a brick-and-mortar retailer of gaming consoles and video games, had in the course of that month risen by close to 2000 per cent. The…

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Biden’s Rescue Package

  • February 1, 2021
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

Even before taking office, Jo Biden, the new American president, has announced a rescue package of $1.9 trillion, of which as much as $1 trillion will be in the form simply of transfers to the working people. Since the estimated…

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A Dangerous Red Herring

  • January 25, 2021
  • Prabhat Patnaik
  • Food and Agriculture
  • 0 Comments

In its systematic attempt to vilify the farmers’ movement against the three infamous agriculture bills that open peasant agriculture to corporate take-over, the government keeps using the argument that the opposition to these bills is confined to farmers only from…

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The Electronics Industry PLI Scheme: A missed opportunity?

  • January 22, 2021
  • Smitha Francis and Murali Kallummal
  • Trade and balance of payments
  • 0 Comments

Electronics was rightly picked as one of the focus sectors, when the production-linked incentive scheme (PLI) was launched with the aim of increasing India’s self-reliance in the manufacturing sector. The pandemic-related disruptions starkly revealed the perils of our digital economy’s…

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Four Ways Biden can Boost the Global Economy

  • January 20, 2021
  • Jayati Ghosh
  • World Economy
  • 0 Comments

The US is nowhere near as economically dominant as it was even a decade ago. Yet President-elect Joe Biden can take several relatively simple steps that would have far-reaching benefits for the US economy, the American people, and the rest…

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