Is the Bull Run Over?
The hurried exit of foreign investors from Indian equity and debt markets seems to be reversing what has been a long bull run in India’s stock markets over the last three years or more (Chart 1). On 7 May, the…
North Cyprus: Complicated, contradictory, charismatic
Paulo Paolides was a lawyer in Cyprus in the 1950s and 1960s, a very prominent citizen who was a friend of the Cypriot President Archbishop Makarios, famous for his eloquence in winning high-profile legal cases. He was also and simultaneously…
Unseen Workers: Women in Indian agriculture
It is safe to say that Indian agriculture could not survive and would not have survived without the huge contribution of women workers. Their role has been absolutely pivotal – as farmers, as co-farmers, as unpaid workers on family farms,…
Questioning India’s GDP figures
A post-Budget survey of 189 CEOs and CFOs has found that a majority of them find the Central Statistical Organisation’s new growth estimate of over 7 per cent for 2014-15 to be too optimistic and “too good to be realistic”.…
Software Services: Some cause for comfort
India’s software and IT-enabled services sector seems to have weathered the global crisis well. Figures just released by the Reserve Bank of India, which place computer services exports in 2013-14 at $71.4 billion, point to a continuation of the smart…
India’s Daughter: Since the Delhi rape things have got worse
The day after the Indian government banned the BBC documentary India’s Daughter, on the horrific gang rape and killing of a student in Delhi, a 10,000-strong mob broke into a jail in a town in Assam, dragged out an alleged rapist, beat…
Averting a Greek Tragedy – For Now
The citizens of Greece are not the only ones who have been watching the tense negotiations between the new government in Athens (led by the radical party Syriza) and the European Union (led de facto by the Germans). Not just…
Lessons from the Coal Blocks Auction
The first round of the auction of mining rights in 18 coal blocks to user firms in the private sector in the power, steel and cement industries has been completed. If the figures being circulated of the revenues or benefits…
Growth and Hunger
India, we are constantly reminded, is one of the more rapidly growing economies of the world at present; and even though the growth rate has come down somewhat of late, official figures show that it still remains quite high. What…
Greece, its International Creditors and the Euro
The Greece crisis resolution depends on whether the EU sees itself as a progressive project based on liberal market principles or as an imperialist project of finance capital. greece_international_creditors (Download the full text in PDF format) (The article was originally…