-IndiaSpend.com Migrant workers in different states have been struggling to find work, wages and rations, say activists and researchers. The Public Distribution System must be universalised, they say, and free rations must be provided for at least six more months. Bengaluru: Sudhir Paswan, 29, is back to square one--in his village in Bihar's Muzaffarpur district, counting his losses. It has been more than a week since he returned, after failing to secure...
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Fixing software bugs in India’s economy -Arvind Subramanian and Josh Felman
-Livemint.com * Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how * In the upcoming Union Budget, measures must be urgently taken in order to address the protracted and worsening Twin Balance Sheet problem, including revitalizing the IBC. NEW DELHI: The upcoming Union Budget is a critical one, for it offers an opportunity to reset the economy so that it can boom again in the coming years....
More »India’s Trade-relationship with China: The New Imperialism -BP Mathur
-MainstreamWeekly.net Chinese import have thrown a spanner in the wheel of India’s economic progress per se and industrial manufacturing in particular. The Chinese import is so hard hitting on Indian industry that many manufacturers have become traders. The impact of Chinese goods has been such that India is threatened to become a country of importers and traders with domestic factories either cutting down production or shutting down completely...The country can...
More »Opening India’s Food Economy to Demands of Imperialism -Prabhat Patnaik
-Newsclick.in Every step in the direction of opening agriculture to global trade – as announced in the three ordinances by the Modi government – is a step towards reducing domestic food availability. The tropical region can grow a variety of crops which either cannot be grown at all, or for much of the year, in the cold temperate regions of the world where metropolitan capitalism is located. These include beverages, fibres, vegetables...
More »Thomas Piketty, Professor of Economics at Paris-based School of Advanced Studies in the Social Sciences and expert on inequality, interviewed by Narayan Lakshman (The Hindu)
-The Hindu Nationalism is not going to solve the big problems, says the economist. If the catastrophic human toll of the ongoing COVID-19 pandemic was the first wave to strike the world this year, its severe economic consequences – including loss of livelihoods of the poor across countries, leading to massive internal displacement and starvation in many cases – have been the second wave. It is in this context that the seminal work...
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