-Hindustan Times Wealthier candidates were far more likely to win their constituency than their less wealthy competitors, according to an analysis of election data and candidate affidavits by the Hindustan Times. Across 689 constituencies in the assembly elections in Goa, Manipur, Punjab, Uttarakhand, and Uttar Pradesh, the wealthiest candidate won 33.5% of the time, compared to just 24.6% for the second wealthiest candidate and 17% for the third wealthiest. The odds were heavily...
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Freedom with defects -Ramachandra Guha
-The Telegraph After the third general elections held in 1962, the scholar-statesman, C. Rajagopalachari, wrote a fascinating, if now forgotten, essay on the imperfections of our young democracy. "The Indian electorate", remarked Rajaji, "suffers from well-known defects from which Western democracies are relatively free. The Indian voters are in great measure poor and vulnerable to bribery: even a day's expense for food serves to buy a large number of the poor...
More »Salt to the wound -Prabhat Patnaik
-The Indian Express Government could have undone the damage of demonetisation through the budget. The opportunity has been missed in deference to the whims of global finance. Since 97 per cent of the value of demonetised currency has returned to the banks, causing, contrary to the government’s expectations, very little extinction of currency, it is obvious that demonetisation has totally failed to achieve its purported objective of denting the black economy. It...
More »How the Black Economy Grew in Post-Independence India -Arun Kumar
-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black money, the...
More »The politics of demonetisation -Zoya Hasan
-The Hindu As Parliament prepares to convene again after a winter session washed out due to the Opposition’s protest on demonetisation, it is worth asking why political mobilisation against the exercise is proving to be so difficult Demonetisation has been the most hotly debated topic since November 8, when Prime Minister Narendra Modi announced that the high-denomination notes then in circulation would cease to be legal tender. In a single stroke, nearly...
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