Illegality in India today touches almost every economic activity. It is both systemic and systematic. The Indian ruling class faced its severest crisis of credibility in 2010. Its past caught up with it and skeletons and scams were spilling out of its closets. The scams have a symbiotic relationship with the black economy. The number of scams is growing and so is the size of the black economy, which has reached...
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Neoliberal illogic by Prabhat Patnaik
The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....
More »No account auditing of Rs 1.08 lakh crore released under NREGA: Centre by Dhananjay Mahapatra
The Centre released Rs 1.08 lakh crore to states under the Mahatma Gandhi National Rural Employment Guarantee Scheme since February 2006 but did not carry out account auditing at any level, the government told the Supreme Court on Friday. This admission by the Union of India meant violation of the intent of Section 24 of the Act, which says, "The central government may, in consultation with the Comptroller and Auditor General...
More »Kerala’s pesticide puzzle by Shaju Philip
Twice every year, between 1981 and 2000, a helicopter would whirr around the hills of the Western Ghats in Kasargod, a district in north Kerala bordering Karnataka, spraying endosulfan over the cashew plantations on the upper reaches. Children would rush out to take a look at the helicopter and the white spray would settle like mist on their heads and on leaves and shimmer in the sunlight. But that’s also...
More »Quantity, not quality, in our growth by Sumant Sinha
Many scandals have surfaced recently, which highlight the immaturity of India’s economic development model. India lurched somewhat reluctantly into the economic reform process nearly two decades ago. If China has been on the path for the last 33 years, the fact is that we have been at it for 20 years, too. This is a good a time to assess whether we are making sufficient progress along the many dimensions...
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