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Diluting Insurance against Risk
03 January, 2009, C.P. Chandrasekhar
Despite the global experience with privatized insurance and the Indian experience with nationalised insurance, India’s government is pushing ahead with insurance privatization. The two insurance bills appear to be declarations of India's intentions to globalise further during the current Prime Minister’s tenure, independent of the consequences for its people.
Mid-Course Deviation
11 August, 2008, C.P. Chandrasekhar
The Indian Left cannot be accused of deviance for its decision to withdraw its support for the UPA government on the issue of the Indo-US nuclear deal. It has for long espoused the position that given the aggressive expansionism of the US under Bush.
Two Instruments by Name Kalawati and Sasikala
28 July, 2008, R. Ramakumar
One of the most discussed speeches in the debate on the trust motion in the Loksabha was Rahul Gandhi's. Arguing that "energy security is directly related to poverty", Rahul Gandhi pitched in for the deal in the name of two widows from suicide-stricken Vidarbha – Kalawati and Sasikala.
Disquisitions of The PM
13 November, 2007,
Political parties have their own distinct ideologies, on the basis of which they draw up their programmes. With these they go to the electorate for garnering support, and do so in varying degrees. When the electorate does not support them to the extent that they think it ought to have, they feel let down by the electorate's incapacity to appreciate their worth.
Can the PM Cope with Democracy
13 November, 2007, C.P. Chandrasekhar
Prime Minister Manmohan Singh increasingly sounds a disappointed man these days. While he does often refer to the many achievements of his term in office, as that term nears its final year he periodically expresses his resentment over not being able to go through with some of his most favoured initiatives.
Social Security Benefits and the New Pension Scheme
29 September, 2007, Ratan Khasnabis
On January 1, 2004, Government Of India (GOI) has introduced the New Pension Scheme (NPS) for the new entrants to the service of the Central Government (other than Armed Forces). NPS is a Defined Contribution Scheme (DPS).
India's Savings Rate Surge
24 February, 2006, C.P. Chandrasekhar & Jayati Ghosh
The domestic savings rate or the ratio of gross savings to GDP is estimated by the CSO to have touched a record level of 29.1 per cent in 2004-05. This implies an increase of 5.5 percentage points since 2001-02, before which the rate had remained stagnant and even declined since the mid-1990s. The recent revision of the weighting system and revision of the base year from 1993-94 to 1999-00 has made a difference to the savings rate estimates for individual years for which estimates for both series are available. But the trend remains broadly the same.
The Economics of the New Phase of Imperialism
26 August, 2005, Prabhat Patnaik
This paper argues that even though "accumulation through encroachment" in the inclusive sense of the term is always an integral part of the process of capital accumulation, so that the pure reign of "accumulation through expansion" is rare and at best transitory, a crucial feature of contemporary imperialism is a vast increase in the relative importance of "accumulation through encroachment".
Bolivia on the Boil
18 June, 2005, Jayati Ghosh
The current political turmoil in Bolivia is part of a wider movement in Latin America, of people rejecting not only corrupt politicians, but also 'and more importantly' the neoliberal economic policy paradigm that enriched a few at the expense of the vast majority.
The UPA Regime and Economic Policy
31 March, 2005, Prabhat Patnaik
The defeat of the NDA in the last elections was a source of consternation in international financial circles. The Wall Street Journal even asked editorially: "Why should developing countries like India have such frequent elections?"
Whatever is Happening to Indian Banking?
15 March, 2005, C.P. Chandrasekhar
Currently, banks seem to be the prime targets of the government's reforming zeal. Having encouraged foreign acquisition, consolidation and universalization in the banking system, the Finance Ministry's current thrust seems to be to find a host of new areas of activity for these institutions.
Will the UPA Survive the Budget?
15 February, 2005, C.P. Chandrasekhar
As budget day approaches, there are clear signs of a widening divide between those who helped put the UPA government in power and those who currently run it. The divide relates to the professions and practice of the government on matters economic.
Andhra Pradesh Elections: The CEO Confronts Reality
15 May, 2004, Jayati Ghosh
The overwhelming results of the Andhra Pradesh assembly elections seem to have left the English-language media in a state of shock. The self-proclaimed pundits of the electoral process appear bewildered and searching for answers. How, they ask, could such a ''development-oriented'', ''modern'' Chief Minister, who was so friendly to the markets and so open to foreign investment, be thrown out of office?
Mass Media vs Mass Reality
15 May, 2004, P. Sainath
The First thing the election results drive home is the sheer disconnect between the Indian elite and the Indian people. Here was a leadership that thought the `India Shining' campaign would bring it success. A part of the elite - even those with the Congress party - went further than that. They believed the claims of `India Shining' itself were valid and true.
Telecom Licensing: An End to the Mess?
12 November, 2003, C.P. Chandrasekhar
Will the shift to a unified licence regime sort out the mess that has been made of India's telecom policy, by conflicting objectives and contradictory policy shifts? Not if the Cellular Operators' Association of India (COAI) has its way, for it has already declared its intention of turning to the courts to overturn the decision, which, it claims, has distorted the playing field.
Address at the Convocation of Kalyani University
10 November, 2003, Prabhat Patnaik
Your Excellency the Chancellor of the University, Mr Vice-Chancellor, Assembled Guests, Members of the Faculty, Young Scholars, Ladies and Gentlemen,
Privatisation on Hold
22 September, 2003, C.P. Chandrasekhar
On 16 September 2003, the Supreme Court of India delivered a landmark verdict. It stripped the executive of its self-assumed autonomy in the areas of disinvestment and privatization. The court, in essence, ruled that any enterprise created under or transferred to public ownership by Parliament cannot be privatized without parliamentary approval.
Continuing Conflict in Nepal
11 July, 2003, Jayati Ghosh
Nepal is one of the poorest countries in the world, with a per capita income of about $210 per year. It is also one of the most politically fraught and troubled countries in the world. Indeed, the turmoil is only increasing, as the conflict between King Gyanendra, the parliamentary opposition parties and the Maoist insurgency reaches new and more complicated levels.
The Third Way
30 June, 2003, Prabhat Patnaik
There are many intellectuals in our country who can be described as 'pro-imperialist but anti-Hindutva'. This of course is not the way that they would describe themselves. In fact the word 'imperialism' would not figure in their vocabulary; they would consider it as obsolete Marxist jargon. But this is precisely what makes them 'pro-imperialist' in our perception.
NPAs in India's Banks: Debt Default as Strategy
19 May, 2003, C.P. Chandrasekhar
It has been known for some time now that India's banking system is burdened with a huge volume of non-performing assets (NPAs), or loans on which borrowers have defaulted on interest and amortization of payments. What is noteworthy is that much of the NPA burden was accumulated during the years of reform.

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