-Press release by Gurgaon Nagrik Ekta Manch dated 26th April, 2020 A large number of civil society organisations came forward to respond quickly to the lockdown-induced hunger crisis among the informal sector workers in Gurgaon. Gurgaon Nagrik Ekta Manch (GNEM), an organisation working among the unorganised workers, started distributing an average of 350 ration kits per day since 27th March, 2020, the third day of the lockdown, and about 25,000 cooked...
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The Unexpected Reckoning: Coronavirus and capitalism -Radhika Desai
-NetworkIdeas.org It is perhaps fitting that the seriousness of the coronavirus threat hit most of the Western world around the Ides of March, the traditional day of reckoning of outstanding debts in Ancient Rome. The previous week had been a veritable roller coaster ride. The World Health Organization (WHO) finally declared the contagion a pandemic, governments scrambled to respond, the virus dominated the news cycle as well as the plethora of...
More »Freebies work in the short term & aren't really free -Puja Mehra
-Livemint.com * There is no such thing as a freebie in economics because ultimately somebody has to bear the cost of the supposedly free giveaways * CAG’s financial audit for 2013-18 concluded that Delhi has no debt sustainability issues as its GSDP grew faster than its Public Debt The Aam Aadmi Party’s win in the Delhi elections has inspired others to replicate its strategy. The West Bengal government’s last full budget before state...
More »Insolvent individuals may face ban on holding, running for public office -Aashish Aryan
-The Indian Express The Central government had on December 1 notified amendments to the Insolvency and Bankruptcy Code (IBC), 2016, in which it had brought a corporate debtor’s personal guarantor under the purview of the Code. The Insolvency and Bankruptcy Board of India (IBBI), as well as the Ministry of Corporate Affairs (MCA), is in favour of disallowing individuals who have been declared insolvent, from holding any public office or being the...
More »Noted Gandhian economist Dr Sudarshan Iyengar interviewed by Rutam Vora (The Hindu Business Line)
-The Hindu Business Line Noted Gandhian economist Dr Sudarshan Iyengar surveys the distressed agricultural landscape, pinpoints its weaknesses, and prescribes solutions with their roots in Gandhian agronomics. Edited excerpts from an interview to BusinessLine: * Given the agrarian crisis in India today, how relevant are Gandhi's economic principles based on the village economy, and equitable distribution of resources? They are relevant in the context of Gandhi's view of gram swaraj (village self-rule), which...
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