-First Post The Jaipur literary festival is almost notorious for creating storms in a teacup. To its credit though, if offers a different flavor of literary tea every year. Last year, it was a variant of the Rushdie phenomenon, where a group of aspiring litterateurs read out passages from the Satanic Verses and then succumbed to political correctness. This year, the controversy came in a session chaired by Urvashi Butalia, publisher Zubaan, where...
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The great number fetish-Sankaran Krishna
-The Hindu One of the most prominent features of India’s middle-class-driven public culture has been an obsession about our GDP growth rate, and a facile equation of that number with a sense of national achievement or impending arrival into affluence. In media headlines, political speeches, and everyday conversations, the GDP growth rate number — whether it is five per cent or eight per cent or whatever — has become a staple...
More »Why it's difficult to cut our diesel dependence -Atul Sethi
-The Times of India Every few days, Rajkumar Sharma, manager of a group housing society in Noida, makes the mandatory trip to the nearby petrol pump to pick up his quota of diesel. A few days back, even as he was on his 'diesel duty' as he calls it, he was making some quick back-of-the-envelope calculations. "Our average monthly consumption is around 400 litres which means a monthly expenditure of around...
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...
More »“Faizabad violence was well-planned and targets had been selected” -Omar Rashid
-The Hindu Sequence of attacks on “well-known business units” suggests violence was not spontaneous Last week’s violence in Faizabad district during the Durga Puja procession which left two persons dead, several injured and dozens of shops razed, was executed in a planned manner and the targets had been selected, according to a fact-finding team and accounts by victims and eyewitnesses. The fact-finding team of human rights organisation Rihai Manch said the sequence of...
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