Several civil society organisations of Tamil Nadu are getting together to organise a Peoples’ Audit in the state to assess the need and efficacy of the proposed 139 Special Economic Zones (SEZs) that are in various stages of approval. The audit will take place from October 24 to October 26 and members of the media are welcome to participate and witness the exercise in the presence of eminent economists, social...

This is a statement sent in by V.R. Krishna Iyer, a former Judge of the Supreme Court, who is based in Kochi: Some of the provisions of the Free Trade Agreement (FTA) that India recently signed with the Association of South East Asian Nations (ASEAN) will weaken India’s, and specifically Kerala’s, rubber sector because Malaysia and a few other countries that are a part of the ASEAN will flood the...

It is well known that Amartya Sen is the greatest economist that India has ever produced. His credentials were well established even before he got the Nobel Prize. With his latest book — The Idea of Justice — he has also established himself as a world-class moral philosopher who could come up with great abstractions and generalisations that no other Indian thinker could achieve earlier. The Indian academia, so far, has...

The spectre of inflation has returned to haunt India. It is not even six months since the United Progressive Alliance (UPA) government returned to power but its inability to control food prices is arguably its single biggest failure till now. The inflation rate will eventually come down sometime in the (hopefully) not-too-distant future and the government will surely take credit for bringing prices down as and when that happens. But...

Here’s a hypothetical, though not altogether unfamiliar, scenario that academic and writer Sunil Khilnani invoked in a lecture at the British Museum to warn against what he called the “paradox of India’s new prosperity.” He asked his audience to imagine two traffic lanes, both at a standstill. After a while traffic in one of the lanes starts moving raising hopes of those stuck in the next lane that they, too,...