Many of our politicians would still rather ignore the informal sector and the women who form its backbone. They do so at our peril. India is undergoing enormous change. In a very short time, many Indians have become much richer, and our country is now often described as a “world player” economically and politically. Despite this transformation, our rich history, culture and traditions rightly remain important. Indeed, our success rests...
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Prof. Prabhat Patnaik (JNU) interviewed by Pragya Singh
The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...
More »No financial crisis impact? India's poor grew by 34 mn by Rukmini Shrinivasan
It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...
More »To Let / For Sale? by Ruchira Gupta
When a problem is big and tends to profit a powerful group, there’s a time-honoured temptation to sweep it under the rug by assuming it’s natural and inevitable. This was true of slavery until the abolitionist movement of the 19th century, and of colonialism until the contagion of independence movements in the 20th century. Now these same forces are at work in attitudes toward the global and national realities of...
More »The gloves go on
AT THE recent food summit in Rome, President Luiz Inácio Lula da Silva donned a pair of bright-red boxing gloves labelled “Hunger Free” and waved to the cameras. They were his prize—if that is the right term—for Brazil’s success in topping a league table drawn up by ActionAid, a British charity, of countries that have done most to reduce hunger*. The occasion was a stunt, of course, but had a...
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