-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....
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Kisan Protests Are More About Survival of the Peasantry -Prabhat Patnaik
-Newsclick.in The three agri laws brought in by the Narendra Modi government are meant to remove the lifeline of peasants altogether and have to be repealed. The kisans gathered around the Delhi border have unerringly put their fingers on the real issue confronting them, namely their very survival as peasants. Till now there was an arrangement in the country which, though crumbling under the impact of neo-liberalism, still kept the peasantry alive....
More »Why Are People Going Hungry if India Has Surplus Foodgrain Stocks? -Prabhat Patnaik
-Newsclick.in A country that ranks 94 among 107 countries in the Global Hunger Index can’t be said to be self-sufficient in foodgrains. The surplus stocks are due to shortage of purchasing power in peoples’ hands. The Indian intelligentsia has an incredible propensity to swallow the self-serving arguments of metropolitan Capitalism that are typically supposed to constitute ‘economic wisdom’. And nowhere is this more evident than in the case of India’s food economy. There...
More »Wealth Inequality in a Capitalist Society -Prabhat Patnaik
-Newsclick.in Two taxes – inheritance and wealth -- alone, levied only on the top 1% of the population, would be enough to fetch Rs.14.67 lakh crore. It is often believed that the ability to pass on property to one’s progeny is an essential element of Capitalism, without which the capitalists’ incentives will dry up and the system will lose its dynamism. Nothing could be further from the truth; indeed the acquisition of...
More »BJP’s Farming Policies: Deepening Agrobusiness Capitalism and Centralisation -Pritam Singh
-Economic and Political Weekly Agricultural market reforms recently enacted by the National Democratic Alliance government reflect the Bharatiya Janata Party’s determination to introduce agrobusinesses into agriculture and push further its agenda of centralisation of economic power and decision-making. The opposition to the reforms by farmers, many state governments, and regional political formations poses the most formidable challenge, so far, to this government. The contesting claims have missed the dimension of the...
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