-Livemint.com The government’s prognosis overlooks the rural stress that is at the heart of the economy’s troubles Last week saw a flurry of activity from the government aimed at reviving the economy. So far, it was in denial, but it has now woken up to the economic crisis that is spreading like wildfire. The vice-chairperson of NITI Aayog termed the crisis the worst since independence. Several members of the economic advisory council...
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Professor Amiya Bagchi, Marxist econoMISt, interviewed by Subhoranjan Dasgupta (The Telegraph)
-The Telegraph "The government has MISerably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
More »Rediscovering development banks -R Nagaraj
-The Hindu The agenda to set up a development bank is a welcome initiative, but questions remain on its design Finance Minister Nirmala Sitharaman’s press conference on August 23, announcing a slew of measures to boost the economy and financial market sentiments, had an interesting idea. It was about setting up a development bank. Ms. Sitharaman said: “In order to improve access to long-term finance, it is proposed to establish an organisation to...
More »The darkest hour: ADM Jabalpur was a test for SC. Only the dissenter passed it -Seema Chishti
-The Indian Express As legal scholar Gautam Bhatia put it in Transformative Constitution, Justice Khanna’s dissent would constitute a “contrapuntal” or something that appears as a counterpoint, often solitary, against the tide at the time, but something that conceals the kernel of the future and the way ahead, which lives on to speak forcefully, another day. Costa Gavras’ 1982 film MISsing is a haunting story of what a military dictatorship does...
More »RTI reveals threefold rise in number of manual scavengers despite ban -Dheeraj MIShra
-TheWire.in The government, as part of an ongoing survey to identify them, has left out almost half the people who said they were engaged in manual cleaning work. In India, there are more than 40,000 people working as manual scavengers in 84 districts of 14 states. This information was revealed after a survey begun by the Central government in 2018 for their identification. This number is three times that of the number...
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