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A new economics for a better world -Simon Sweeney

-The Hindu Business line It must focus on human security and societal development rather than feed the avarice of a golden ghetto minority The discipline of economics has long been obsessed with gross domestic product as the base measure of development. Contemporary economic globalisation and its dominant neoliberal ideology see other considerations as not worth more than a passing glance. Neoliberalism, which used to be referred to as the Washington Consensus, was promoted by...

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Should we privatise water? -Himanshu Thakkar, Arun Lakhani & Mihir Shah

-The Hindu There is no case for water Privatisation. In pushing for it, we are ignoring the key issue, which is better governance, writes Himanshu Thakkar Privatisation of water is unwarranted, unjustified and unnecessary. In pushing for it, we are not really addressing the key issue plaguing the water sector, which is a need for better governance. We need a democratic, transparent, accountable and participatory governance in a bottom-up approach, on each...

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The Way Forward -Mihir Shah

-Economic and Political Weekly Mihir Shah (mihirbhai25@gmail.com) was Chair, Committee on Restructuring the Central Water Commission and Central Ground Water Board set up by the Ministry of Water Resources (September 2015 to July 2016). The chair summarises background, main features, and addresses some of the issues raised by the articles in this issue. As Member, Planning Commissionfrom 2009 to 2014, I was able to play a small part in kickstarting fundamental reforms...

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Labour's love's lost -TT Ram Mohan

-The Hindu The proposed labour reforms seek to weaken worker protection at a time when the Indian economy is not creating enough jobs, and the right kind of jobs. On September 2, 10 trade unions in India organised what was said to be one of the largest labour strikes in history. An estimated 120 million workers took part. The unions were protesting against the government’s unwillingness to grant a 12-point charter of...

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Dark clouds over the PDS -Jean Dreze

-The Hindu The imposition of Aadhaar-based biometric authentication in the Public Distribution System threatens to disrupt recent progress with PDS reforms. It also deprives millions of people of essential food entitlements. India’s Public Distribution System (PDS) has improved steadily during the last 10 years. The system used to be most ineffective and corruption-ridden, with leakages of around 50 per cent at the national level, going up to 80 or 90 per cent...

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