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Articles

Home Articles

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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Financial Services under WTO: Disciplining governments and freeing business

  • December 22, 2015
  • C. P. Chandrasekhar
  • Industry, Trade and balance of payments
  • 0 Comments

Though overshadowed by the deep differences over agricultural subsidies and food security and on the rules governing trade in industrial goods, services were an important bone of contention at WTO’s Nairobi Ministerial Conference over 15-18 December, 2015. Developed countries had…

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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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Of Polls, Politics and Punditry

  • November 30, 2015
  • Macroscan Team
  • Economy and Society, Services
  • 0 Comments

The remarkable and resounding victory of the Grand Alliance in the recent assembly elections in Bihar may well mark a turning point in Indian politics, after such a comprehensive rejection by the state’s electorate of the politics of hate and…

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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 Nobel Committee for Economics Makes Amends, at Least for Now

  • October 16, 2015
  • C. P. Chandrasekhar
  • Economy and Society
  • 0 Comments

The award of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 to Angus Deaton, has once again revived discussion on the nature and purpose of the ‘Economics Nobel’. According to the Royal Swedish Academy…

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The Question of Learning

  • October 15, 2015
  • Jayati Ghosh
  • Economy and Society, Services
  • 0 Comments

It was just over a year ago, on Gandhi Jayanti 2014, that the schoolgirls of the Senior Secondary School of the town of Bhim, Rajasthan, went on strike. The young, fresh-faced and neatly groomed girls were far removed from anyone’s…

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