Current Issues
External Commercial Borrowings: Difficult times ahead
12 October, 2018, Parthapratim Pal and Ahana Bose
The rise in the short term benchmark interest rates by the Federal Reserve of United States may lead to higher capital outflows for India. This would result in increased downward pressure on the rupee, and with the oil prices rising in light of the sanctions on oil exports from Iran, international borrowing is becoming costlier, and will become even more so in the short to medium term.
 
The Time is Ripe for Unity
03 October, 2018, Prabhat Patnaik
Over 1.5 lakh farm and industrial workers walked together in Delhi on September 5, not because no one thought of it sooner, but because the conditions have now been created to prompt it.
 
Features
India's External Vulnerability
26 September, 2018, C.P. Chandrasekhar & Jayati Ghosh
While the rise in oil prices explains the sudden deterioration of the current account balance in India's external payments, it also signals the vulnerability to inevitable shocks that is inherent in the changing structure of India's external trade relations.
 
GST: One more NDA failure
24 September, 2018, C.P. Chandrasekhar
From the beginning of its implementation it was clear that under the new tax regime it was unfeasible to have a single tax on all commodities, given the inequality in the country. The multi-tax structure adapted does not simplify the system much, and only promises to do away with the cascading effects of the erstwhile excise duties and sales taxes.
 
Analysis
The Indian Economy in a Tailspin
24 September, 2018, Prabhat Patnaik
A combination of direct import controls on inessential items, reduction of petro-product prices, measures for reducing the consumption of such products, and direct taxation, especially on wealth, is the obvious way of getting out of the tailspin in which the Indian economy is currently caught. There is no alternative to these measures if we are to avoid the fate of countries that eventually run to the IMF and get caught in the vice-like grip of “austerity”.
 
Women's work in India
07 September, 2018, Jayati Ghosh
The decline in workforce participation by women in India reflects shift from paid to unpaid work. In the absence of basic amenities, a greater proportion of women are engaged in fetching water, collecting fuel for cooking. Once we take into account these unpaid and socially unrecognised activities done by women, it is found that workforce participation of women is greater than men.
 
Policy Watch
Ayushman Bharat
01 October, 2018, Prabhat Patnaik
The Modi government's claim of ushering in the largest healthcare scheme in the world is completely vacuous. The chosen method of enlarging healthcare access to the poor is wrong both because of the route chosen (the insurance route which benefits insurance companies more than it benefits the patients) as well as because of the ridiculously paltry financial provision.
 
RCEP Deal can be Disastrous for India
13 September, 2018, Biswajit Dhar
Our FTA experience and existing trade imbalance with RCEP nations inform us that such a trade pact will hurt our producers.
 
Video
Professor C. P. Chandrasekhar on amalgamation of three banks
24 September, 2018,
In an attempt to resolve the Non Performing Assets crisis in the country, the government's projected solution in the form of bank mergers, like the recent Vijaya Bank, Dena Bank and Bank of Baroda merger, points out that the end game of this process is privatization.
 
Development and what it Actually Means: A seminar remembering Vineet Kohli, the economist from TISS
21 August, 2018,
In a seminar remembering Vineet Kohli, the economist from TISS, a panel of economists discuss the idea of Development and how the idea has changed over the years. Utsa Patnaik, T Jayaraman, Prabhat Patnaik, Abhijit Sen and C.P. Chandrasekhar open the conversation with the audience seminar on Aug. 19, 2018 (Sunday) at CSLG Committee Room.
 
Announcements
A Memorial for Dr. Vineet Kohli, Assistant Professor at TISS and a Former CESP Student
13 August, 2018,
This is a memorial for Dr. Vineet Kohli, Assistant Professor at TISS and a former CESP student, whose untimely death has left a void in the world of heterodox economics in this country. His friends in JNU are organising a daylong seminar in his memory on Aug. 19, 2018 (Sunday) at CSLG Committee Room.
 
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.
 

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