-The Hindu Business line It must focus on human security and societal development rather than feed the avarice of a golden ghetto minority The discipline of economics has long been obsessed with gross domestic product as the base measure of development. Contemporary economic globalisation and its dominant neoliberal ideology see other considerations as not worth more than a passing glance. Neoliberalism, which used to be referred to as the Washington Consensus, was promoted by...
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Mihir Shah Committee report recommends a paradigm shift in water management
Against the backdrop of drought that affected most states in the past 2 years, it is essential to take a look at a report on improving water governance in the country, which was submitted to the Ministry of Water Resources in July, 2016. That report, which was prepared by the Committee on Restructuring the Central Water Commission (CWC) and Central Ground Water Board (CGWB) under the chairpersonship of Dr. Mihir...
More »M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)
-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
More »Demonetisation: How the cash crisis can be used to tame rural commercial capital -Pravesh Sharma
-The Indian Express These enterprises — whom she broadly categorises as ‘rural commercial capital’ — enjoy privileged access to formal credit networks. In her insightful study of the working of agricultural markets in West Bengal, British development studies scholar Barbara Harris-White has documented in detail how trade in farm produce is controlled through a web of rural and semi-urban agro commercial enterprises. These enterprises — whom she broadly categorises as ‘rural commercial capital’...
More »Centre may rope in banks to boost forest cover -Vishwa Mohan
-The Times of India NEW DELHI: All banking institutions in India may soon chip in to increase India's forest cover in a coordinated manner. If the environment ministry has its way, all banks will be asked to join the central and the state governments in their ongoing efforts of afforestation. The move will be part of one of the 10 ways, identified by the Centre, to reach India's key climate goal. As...
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