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The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra

-The Business Standard   The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...

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Poisoned roots-Vandana Shiva

-The Asian Age "The replacement of the rich diversity of Punjab with monocultures of rice in the kharif season and wheat in the rabi season has also contributed to the impoverishment of the soils and farmers" The year 2014 marks the 30th anniversary of Operation Bluestar, a military operation which took place in June 1984 in Punjab. It was ordered by Prime Minister Indira Gandhi to remove Jarnail Singh Bhindranwale and his...

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India's food security act: Myths and reality-Vandana Shiva

-Al Jazeera   The reforms promoted by Prime Minister Singh do not go far enough to help food production and the hungry. The debate on the Food Security Act is based on myths on both sides. The government is propagating the myth that it is the largest anti-poverty and anti-hunger programme ever introduced anywhere in the world. The programme is being heralded as Sonia Gandhi's dream project, and billed as a miracle solution...

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Don’t blame the Food Bill

-The Hindu The currencies of India, Indonesia, Brazil, South Africa and Turkey have fallen quite dramatically against the dollar in the past few months. Whatever their domestic weaknesses, the reasons for this unprecedented decline - ranging between 13 to 21 per cent - are primarily global. In the past 48 hours, as tension mounts in West Asia, an already unprecedented situation has become even more difficult. On Wednesday, the rupee, as...

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The great jobs disaster-CP Chandrasekhar and Jayati Ghosh

-The Hindu Business Line   In much of the discussion on the turnaround after the Great Recession, attention has been focused on financial consolidation and the halting return to growth. Far less attention has been paid to the persistence of high and even rising unemployment and its sources. In the desperate search for evidence that the global recession has bottomed out and the recovery has arrived, the story told by the long-term trend...

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