The Modi government is completing three years in office amid much fanfare and propaganda about its achievements during this period. Aiding this propaganda is the advance estimate of GDP which projects a growth-rate of 7.11 percent for 2016-17, a shade…
At the last Spring meeting of the IMF and the World Bank, Christine Lagarde, the Managing Director of the IMF, had confidently stated that the world economy was on the path of recovery, a view echoed by most official soothsayers…
While policy makers, analysts and observers paint a picture of an ongoing global economic recovery, the numbers seem to drag the optimists down. Barely days after IMF Managing Director, Christine Lagarde, declared at the spring meetings of the World Banka…
Narendra Modi government appears to have decided to privatise public sector banks (PSBs). Preparations are underway with arguments being marshalled that “there is no alternative” to privatisation. Privatisation (Download the full text in PDF format) (This article was originally published…
Last month the Supreme Court made two important pronouncements in the space of just a few days. One was on the question of who had ownership rights over the land at the Babri Masjid site; the other was on the…
Some weeks ago when the official “quick estimates” of GDP for the third quarter of 2016-17 (October-December) had been released, putting the GDP growth in this quarter (over the corresponding quarter of 2015-16) at 7 percent, which broadly conformed to…
This policy brief looks at the magnitude and nature of FDI inflows into India since the Make in India programme was initiated. In the process it raises serious doubts about the reliability and suitability of the official data. Click here…
The global debt of the non-financial sector has reached an all-time high in 2015 and two-thirds of this debt, amounting to about $100 trillion, consists of liabilities of the private sector. Click her for full text
They march in tens of thousands, every Wednesday, through the streets of central Bogota: young and old; students and teachers; well-paid professionals, trade unionists and informal workers; healthy and disabled; urban and rural residents; family members and friends of the…
Growth in India’s non-financial corporate sector shrank in 2015-16, after three consecutive years of “steep moderation” according to the Reserve Bank of India (RBI). In its annual study of the Performance of the Corporate Business Sector, the RBI attributes this…
