-The Telegraph Why are animal spirits in quarantine? Animal spirits, the primordial driver of growth that is unquantifiable, are once more in the spotlight. The current context is the dire growth outlook from the Covid-19 impact, future prospects and how to improve these. However, the absence of animal spirits has been felt and commented upon longer than that. It can be traced as far back as the 2012-13 slowdown, or the shortfall...
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There is confusion in the MIS data on approved labour budget and projected labour budget, says new tracker by Peoples' Action for Employment Guarantee
-Second MGNREGA tracker by Peoples' Action for Employment Guarantee (PAEG), released on 17th August, 2020 A MGNREGA tracker has been prepared by the Peoples' Action for Employment Guarantee (PAEG) that brings to you the latest developments, updates, and figures on the implementation of MGNREGA across the country till 3rd August, 2020. Given the significant role that MGNREGA is playing in the lives and livelihoods of rural workers, PAEG intends to keep...
More »‘Understanding today’s democracy capture requires rewriting democratic theory’ -Yogendra Yadav
-Scroll.in An excerpt from the introduction to Yadav’s new book, ‘Making Sense Of Indian Democracy: Theory as Practice’. That was foreshadowed by Congress’ victory in the wake of the Sikh massacre and followed by Modi’s victories in the Gujarat assembly elections, held in the wake of the anti-Muslim pogrom of 2002. We should have known about the dark side of Indian democracy. At any rate, we are no longer now looking at...
More »A crisis without villains -Harish Damodaran
-The Indian Express Current economic contraction is different from previous ones. Governments should borrow and spend India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the second global oil shock following the Iranian Revolution. The real GDP decline of 5-10 per cent that various agencies are...
More »Legal and civil society luminaries issue statement on judgment against Prashant Bhushan
-The Hindu Several legal and civil society luminaries have issued a statement against the judgment against Prashant Bhushan in a contempt of court matter. Here is the full text of the statement and full list of signatories: Statement relating to the judgment against Prashant Bhushan in the contempt of court matter August 17, 2020 We, the undersigned citizens of the country, express anguish and disappointment at the verdict of the Hon’ble Supreme Court finding...
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