Why are two Indias growing further apart?
In more recent times, it is strong rise in financial assets, aided by fiscal and monetary support to businesses in response to the pandemic crisis, which has led to a sharper rise in inequality
While Finance Minister was sleeping, credit outflows inverted
Since FY20, banks are giving more personal loans than loans to industry, particularly to large industry, and the growth in personal loans is even more dramatic
Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?
The derailment began in 1991, with the World Bank, an IMF loan, and the liberalisation, privatisation, and globalisation agenda.
India’s demographic curse in waiting
Human capital development is critical for the growth and development of any economy, but that is where India remains a global outlier, in spite of having entered the “Amrit Kaal” and becoming the fifth-largest...
How the row over ‘freebies’ hides India’s failure to meet the basic needs of its citizens
While it targets welfare schemes, the Union government has also written off crores in outstanding loans for India’s rich and given huge corporate tax rebates.
Use of a rupee route to get around dollar dominance
India could take advantage of geopolitical developments to promote trade and gain better status for the rupee, by avoiding dollar A number of countries, including India, are now considering the use of other currencies...
Notwithstanding FM’s bravado, global recession is a big threat to India
In fact, Centre’s whimsical policy response to the emerging global economic scenario is an equally big threat to the economy It would be imprudent to assume that a global recessionary trend will bypass India....
Windfall tax on corporations goes as 5% GST on food items kicks in
In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July...
Lies, Despair and a Grotesque Inequality Plagues Indian Economy Today
We witnessed an infantile jubilance on the part of the government since last year about a “record recovery” from the pandemic. Finance Ministry’s report claimed that armed with necessary macro and micro growth drivers, India...
Agnipath: One more disaster in the making
Replacing regular jobs with short-term contractual ones will not only compromise professionalism in the armed forces and national security, but it will also pose a serious threat to social order already torn asunder by...
Why is the Centre afraid of caste data and the census?
It is the fear of providing a fresh sail to the ‘Mandal’ (OBC) politics of the 1990s that prevents ‘Kamandal’ (BJP) politics in power from disclosing OBC data of the SECC of 2011 or...
When Finance Ministry takes to fakery
It is absurd for the ministry to say 5.5% inflation in FY22 didn’t hurt the poor and even more so its claim that a fall in inflation from 6.2% in FY21 to 5.5% in...
IBC’s stressed asset resolution is under severe stress, needs overhauling
Everything that can go wrong is going wrong with the big-ticket “reform” Insolvency and Bankruptcy Code (IBC) of 2016, which was sold as the panacea for stressed asset resolutions (NPAs).
What is wrong with the language of neoliberal economics?
Have you ever wondered why food and fertilizer assistance to poor citizens is called “subsidy” but tax assistance (tax cuts, tax holidays etc.) to rich corporates is called “incentive” or “stimulus”? Or why when...
Reclaiming the Right to Unionise
A truly historic development took place in the US earlier this month which has attracted little attention in India. The workers of tech giant Amazon’s New York warehouse forced the second-largest employer in their...
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