-The Economic Times Arvind Panagariya, a professor of Indian economics at Columbia University, hits out at Nobel laureate and Harvard University professor Amartya Sen over his call to confront MPs with the "number of deaths" a delayed Food Security Bill can cause. The former chief economist at the Asian Development Bank counters Sen's argument that it is high social spending that has contributed to the economic growth of Asian economies such...
More »SEARCH RESULT
An arresting Act
-The Hindu The pressing need to end the misuse of Section 66 A of the Information Technology Act has once again been underscored by the arrest of Jaya Vindhyala, president of the People's Union for Civil Liberties in Andhra Pradesh. Her alleged offence of putting up posts critical of a legislator, Amanchi Krishna Mohan, and Tamil Nadu Governor K. Rosaiah on Facebook has resulted in heavy-handed police action. Clearly, the Supreme...
More »The Political Economy of Shadow Finance in West Bengal-Subhanil Chowdhury
-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...
More »What has gone, has gone: Mamata Banerjee-Romita Datta
-Live Mint West Bengal chief minister dashes Saradha depositors' hopes of any immediate state-assisted recovery Kolkata: What has gone, has gone," West Bengal chief minister Mamata Banerjee told depositors of the Saradha Group, dashing their hopes of any immediate state-assisted recovery of dues from the floundering units of the group that collected the money. Banerjee launched two separate investigations and promised to introduce a new law to deal firmly with fraudulent financial...
More »Doublespeak on electoral reforms-N Gopalaswami
-The Hindu The paid news case is no longer just about Ashok Chavan. It concerns every individual and institution opposed to the sway of money power in elections Politicians everywhere are known to indulge in doublespeak and our politicians are no exception. But some recent pronouncements of our Law Minister only show that our politicians may have very few serious rivals in this sport. Not long ago, the Minister was all praise...
More »