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Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)

-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...

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RTI reveals Kolhapur floods caused by tampering with technically established flood lines to please builders -Vinita Deshmukh

-MoneyLife.in The flood havoc in Kolhapur and Sangli districts has killed 54 people and thousands of cattle, besides causing colossal loss of property, farmlands and crops.  Was it the ferocity of nature that caused such a great calamity or did human interference aggravate the situation? RTI documents reveal that tampering of the red and blue line demarcation of the Panchganga River in the Kolhapur Development Plan, due to the pressure of the...

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The Indian economy is blaring warnings, but the Modi government remains in denial -Jayati Ghosh

-Scroll.in/ qz.com While the government was busy celebrating cosmetic measures like ‘ease of doing business’ ranking, the real economy tanked. Suddenly, it seems like everything is shrinking in India: our capacity for tolerance and diversity, the space for democratic expression and dissent – and now, economic growth. The warning signs have reached a point where they cannot be ignored any longer and more people, including prominent business leaders, are speaking out. Yet, at...

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The price of a good cuppa -Soumitra Ghosh

-The Hindu The lives of tea-estate workers in West Bengal have worsened in many aspects over the years The tea plantation sector continues to play a significant role in the economy of north Bengal. There are 276 organised tea estates spread over the three tea-growing regions of West Bengal: Darjeeling Hills, Terai and Dooars. Besides the formally registered large tea plantations, there are thousands of small growers. According to one estimate, the...

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Square pegs, round holes -Amartya Lahiri

-The Indian Express Possibly the most problematic aspect of evaluating the budget is the opaqueness of the underlying data. The interest in this year’s Union budget had been high for obvious reasons. It being an election year, there were expectations of a major spending package focused on struggling sectors such as agriculture. The budget didn’t disappoint as the finance minister announced an income support programme for farmers, raised the tax-free income...

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