Is Bihar on steroids, boosted by an excessive stimulus of dramatically higher public outlays than ever in the past? Like all stimulus, does it also bear the danger of slumping back when it is withdrawn? Is the widely acclaimed growth turnaround a durable and sustainable one? These are among the many issues, which are currently being debated. But first the facts. Bihar is the best turnaround story that the country has seen...
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Tribute to Tata Plant victims
Hundreds of tribals today participated in a rally in Kalinga Nagar industrial complex in Jajpur district to mark the fourth anniversary of the police firing in which 14 tribals had been killed while opposing Tata Steel’s project. Vistapan Virodhi Jana Manch, the organisation spearheading the agitation against the proposed steel plant of the Tatas, held the rally in which representatives of various anti-displacement bodies that have been opposing other industrial projects...
More »Economy will recover by Arjun Sengupta
The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...
More »Rallying against hunger by Chandni Mehta
In a year of sparse rains and spiralling food prices, with hundreds of districts being officially declared as drought-hit, a rally by activists in the capital demands a Food Entitlements Act. Perhaps the most vocal demands at the rally were those aimed at a complete revamp of the Public Distribution System (PDS), starting with universal — instead of targeted — coverage. Over 5,000 grassroots activists, agricultural workers, farmers, lawyers, doctors and...
More »Irom And The Iron In India’s Soul by Shoma Chaudhury
SOMETIMES, TO accentuate the intransigence of the present, one must revisit the past. So first, a flashback. The year is 2006. An ordinary November evening in Delhi. A slow, halting voice breaks into your consciousness. “How shall I explain? It is not a punishment, but my bounden duty…” A haunting phrase in a haunting voice, made slow with pain yet magnetic in its moral force. “My bounden duty.” What could...
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