Current Issues
Shadow cast by the rupee
07 June, 2018, C.P. Chandrasekhar
The rupee has sharply depreciated in the recent weeks giving reason for concern. The external events of rise in oil prices and rate of interest in advanced economies has led to a surge in the current account deficit and capital outflows respectively. The success of 'the liberalization reforms' lies in the huge capital inflows and thus, has enhanced the periodic bouts of the rupee, hinting to symptoms of a bubble economy.
 
The Modi Government's "Achievement"
03 June, 2018, Prabhat Patnaik
Concluding the four years of Modi government is an unparalleled process of social and political retrogression in the country. A look at the declining per capita real income in agriculture and privatization of education and other essential services points at an expedition of neo-liberal tendencies during the Modi regime.
 
Features
The Push for Privatizing Banks
11 June, 2018, Prabhat Patnaik
Historically, the push for bank privatization which has gathered momentum with a rise in tendencies to take to neo-liberal policies. The arguments for privatization have been put forward time and time again, depending on economic circumstances. As international finance capital demands outright privatization to control financial resources and popularizes the conception of social interest best served through free finance, the NPA crisis in India has become the justification of the day.
 
The Misplaced Growth Discourse
05 June, 2018, C.P. Chandrasekhar & Jayati Ghosh
A close look at the nature of recent high growth rates provides ample cause for caution. The growth shows absence of dynamism and focus is on a few service sectors. It is being driven by consumption expenditure rather than investment which signals a probably fragile and unstable growth process.
 
Ashok Mitra
Ashok Mitra, a Man Who Was Equally Committed Politically and Personally
05 May, 2018, Jayati Ghosh
Much has been and will be written about this extraordinary man…All these qualities, rare as they are, are even rarer in combination. But in this piece, I will present a more personal picture, from someone who saw him as a father figure and was privileged to know him well.
 
A singular person
03 May, 2018, Jayati Ghosh
First Person Singular”, a new collection of Ashok Mitra’s essays, is not just a book; it is a conversation with an accomplished raconteur, one who is always able to situate his voice in the wider social, economic and political context.
 
Announcements
Job Opening at Economic Research Foundation
31 January, 2018,
The Economic Research Foundation, New Delhi is looking for a young professional to assist in website and social media related work. ERF manages three websites that broadly cover economic issues in India and across the world.
 
Indian Banking: Current Challenges & Alternatives for the Future
30 January, 2018, C.P. Chandrasekhar & Jayati Ghosh
Indian banking today is at a tipping point. Banks are burdened with non-performing assets, incurring significant losses due to provisioning and unable to sustain credit growth, and therefore changes are both necessary and inevitable.....
 
Special Feature
Budget 2018-19: No money where the mouth is
20 February, 2018, C.P. Chandrasekhar
Rhetoric and meagre show of financing aimed at the neglected and marginalized sections, to address the pre-election imperative of the Budget have not even been able to fulfil the irrational fiscal deficit targets of the FM, even with massive disinvestment and absence of fund allocation.
 
The Budget and education
20 February, 2018, Jayati Ghosh
The thrust towards privatization in Budget 2018-19 is evident in the pattern of education spending, which has been brought down to less than 3.5 percent of the government budget, against a promise of 6 percent in the 2014 electoral campaign. So, any real changes are clearly expected to be financed by private participation, implying declining spread, reduced access, and increased inequality.
 
Video
C.P. Chandrasekhar speaks on "Karl Marx's Capital & the Present"
30 September, 2017,
The fourth lecture, titled 'Karl Marx's Capital & the Present', was delivered on 30th September, 2017 at the India Habitat Centre in New Delhi. In this, the professor talks about contemporary insights that can be drawn from Das Kapital after 150 years of its publication.
 
C.P. Chandrasekhar speaks on 'Revisiting 'Capital' in the Age of Finance'
23 September, 2017,
The third lecture, titled 'Revisiting Capital in the Age of Finance', was delivered on 23rd September, 2017 at the India Habitat Centre in New Delhi. In this lecture, he talks about the phases that capitalism went through since its inception.
 

Site optimised for 800 x 600 and above for Internet Explorer 5 and above
© MACROSCAN 2018