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Rich Economy, Poor Management -Pranab Bardhan

-Outlook Don’t blame globalization for inequality – but rather policies hijacked by a few Economic globalization in the sense of expansion of foreign trade and investment is, of course, somewhat anaemic, reflecting the impact of global recession, although still vigorous in the sense of continuous international transmission of technology, information, ideas and social media. But in the world of politics and policymaking a cold wind is blowing, dimming earlier enthusiasm for global...

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A tale of three islands

-The Economist   The world’s population will reach 7 billion at the end of October. Don’t panic IN 1950 the whole population of the earth—2.5 billion—could have squeezed, shoulder to shoulder, onto the Isle of Wight, a 381-square-kilometre rock off southern England. By 1968 John Brunner, a British novelist, observed that the earth’s people—by then 3.5 billion—would have required the Isle of Man, 572 square kilometres in the Irish Sea, for its standing...

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Workers strike thrice in five months, How Maruti lost connect with them by Sruthijith KK & Chanchal Pal Chauhan

There isn't a single burning, insurmountable issue because of which workers at Maruti's Manesar plant have struck work thrice in the last five months . Sruthijith KK & Chanchal Pal Chauhan report from Manesar that at its core lie accumulated grievances and resentment, and events are adding fuel to the fire A day after workers at Maruti Suzuki's Manesar facility went on strike in June, 55-year-old MM Singh, the company's head...

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Untouchability: a sin and a crime by MS Prabhakara

Untouchability was not so much a sin as a calculated crime. But it is easier for everyone, even some victims, to treat it as a sin, for acceptance of moral culpability costs nothing. The recent walkabout (padayatre) of Basavananda Maadara Channaiah Swamiji, head of a Dalit matha (gurupeetha) in Chitradurga, in a predominantly Brahmin-inhabited agrahara in Mysore, and the cordial, indeed reverential, welcome he received highlight the changing formal perceptions about...

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Decade of debt-fuelled boom and bust by Larry Elliott

Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...

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