-Tehelka Edited Excerpts From An Interview NOTED ECONOMIST and Columbia University Professor Jagdish Bhagwati’s pro-free trade stance is well-known. A friend of the prime minister and his batch mate from Cambridge University, Professor Bhagwati feels the UPA’s departure from the stagnation of the past few years is a welcome change, and lauds the decision to allow FDI in multi-brand retail. In an interview to TEHELKA Business Editor Shaili Chopra, Bhagwati says more...
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IMF says India shouldn’t rush to give banking licences to conglomerates-Remya Nair and Asit Ranjan Mishra
-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...
More »No Shortcuts on Rape :Make the Legal System Work-Flavia Agnes
-Economic and Political Weekly The vigorous public discourse following the recent brutal gang rape and mutilation of the 23-year-old in Delhi is a positive sign but hopefully the demand for quick solutions will not ignore the complexities involved in dealing with all forms of violence against women. There are also other connected issues that require urgent attention including the description of a rape as a "state worse than death", making out...
More »The West too has a ‘rape culture’-Thomas Sajan and Titto Idicula
-The Hindu Business Line Indian society is yet to acknowledge the existence of rape culture – a set of beliefs that condones aggression on women. Perhaps no other event in India has received more international attention in the recent past than the brutal gang rape in Delhi and its tragic aftermath. The issue is widely covered in the Western media; the latest addition is the channel interview of the rape victim’s male...
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
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