|
The
Neo-liberal Paralysis |
| Mar
6th 2013, Subhanil
Chowdhury |
|
India's
commitment to neo-liberalism and enticement of global
finance capital forbid it to undertake any policy aimed
at ameliorating the current condition of the economy.
|
|
| Is
this Really a Budget for Women? |
| Mar
6th 2013, Jayati
Ghosh |
|
Many
of the policies implicit or explicit in the Budget statement
have implications that are adverse for most women because
they involve cuts in essential public spending.
|
|
| Bad
Economics, But Worse Politics |
| Mar
6th 2013, C.P.
Chandrasekhar |
|
There
is nothing in the budget to reverse the stagflation,
even as the opportunity to take effective measures aimed
at showing concern for the common man has been missed
too.
|
|
| The
Dangers of Fiscal Austerity |
| Mar
4th 2013, Jayati
Ghosh |
|
Despite
fiscal austerity measures proving to be counterproductive
in dealing with economic contractions worldwide, the
Indian government is poised to implement similar policies.
|
|
| Niggardly
on Essential Spend |
| Mar
1st 2013, Jayati
Ghosh |
|
Given
that the Indian electorate would soon see what the real
implications of the budget 2013-14 are, it is surprising
that his own party let Chidambaram get away with this.
|
|
| A
Recipe for Continuing Stagflation |
| Mar
1st 2013, Jayati
Ghosh |
|
Budget
2013-14 will deliver neither higher growth nor improved
conditions of life—instead it is likely to worsen the
stagflationary tendencies in the economy.
|
|
| Budget
2012: The price of reform |
| Mar
28th 2012, C.P.
Chandrasekhar |
|
By
hiking indirect taxes that would be passed through to
buyers, and slashing subsidies that would raise the
prices of petroleum products and fertilisers, the Finance
Minister has exposed a nation already reeling under
the effects of a prolonged price rise to another bout
of cost push inflation.
|
|
| An
Inequitable Path: The ritualistic exercise in fiscal management |
| Mar
23rd 2012, Amiya
Kumar Bagchi |
|
Ignoring
all the evidences of the fact that growth does not trickle
down, the Budget 2012-13 has emphasised the target of
raising the rate of growth at any cost without bothering
about the majority of Indian population. Instead what
was needed for managing the economy was a progressive
system of taxation, employment creation and universalisation
of the public distribution of food grains.
|
|
| Employment
and Social Spending in Budget 2012-13 |
| Mar
21st 2012, Jayati
Ghosh |
|
Highly
regressive in both taxation and spending terms, the
Budget 2012-13 has managed the remarkable feat of upsetting
almost everyone and making no aam aurat and aam aadmi
happy. It provides conclusive proof of the UPA government
having lost its way as it seems to have forgotten the
importance of its own ''flagship schemes''.
|
|
| The
Great Fuel Subsidy Hoax |
| Mar
20th 2012, C.P.
Chandrasekhar and Jayati Ghosh |
|
In
his Budget Speech, the Finance Minister signalled his
intent to reduce subsidies, particularly the fuel subsidy,
by an estimated Rs 25,000 crore. In this article, the
authors consider the retail prices of petrol and diesel
in India relative to some other countries, and examine
the validity of the claim that the petroleum sector
is actually a burden on the exchequer. |
|
| The
Return to Orthodoxy |
| Mar
20th 2012, Prabhat
Patnaik |
|
The
2012-13 budget represents a return with a vengeance
to neo-liberal orthodoxy and a snuffing out of the ''Left-inspired''
(UPA-I) and the ''Keynesian'' moments. India will have
to bear the impact of the global crisis in an exacerbated
manner because of its own ''drive to austerity'' that
is being heralded at the expense of the people.
|
|
| Budget
2012-13 |
| Mar
17th 2012, Jayati
Ghosh |
|
Highly
regressive in terms of taxation, the Budget 2012-13
will obviously lead to rising prices with continuing
shortfalls in employment. Hence it emerges that the
greatest losers from this budget will be the Indian
consumers, particularly the poorer sections.
|
|
| |
| Mar
10th 2011, Jayati
Ghosh |
|
| Cash
transfers cannot and should not replace the public provision
of essential goods and services, but rather supplement
them. However, the current tendency is to see these
as a further excuse for the reduction of publicly provided
services. In India, where much of the development project
still remains woefully incomplete, the urge to adopt
this latest international development fashion involves
several risks. |
|
| |
| Mar
10th 2011, C.P.
Chandrasekhar |
|
| This
budget is afflicted to a far greater degree than before
by a kind of cynicism that leads to policy paralysis.
It lacks any focus or strategy whatsoever, and sticks
to fiscal conservatism. Thus while paying lip service
to ''inclusion'', it delivers little of it, since very
few of the incremental expenditure allocations are significant
when measured as a ratio to GDP. |
|
| |
| Mar
9th 2011, Jayati
Ghosh |
|
| The
budget allocations for the education sector are not
sufficient for fulfilling the commitments made by the
Centre in the sector. In particular, it seems that the
financial burden of ensuring the right to education
is to be thrust on the state governments, which might
find it difficult to raise the required resources. |
|
| |
| Mar
7th 2011, Jayati
Ghosh |
|
| The
Budget certainly benefits the Indian elite class, but
the conditions of the majority of people whose lives
continue to languish in dreadful conditions are not
going to get better. This is because it has not addressed
the two major issues that matter for most people, namely
food inflation as well as productive and gainful employment. |
|
| |
| Mar
7th 2011, Jayati
Ghosh |
|
| The
Budget is remarkable for its effective rejection of
the interests of the common people. Instead of focusing
on measures that will increase food supply and food
distribution, the government has curtailed allocation
for food subsidy. In the case of employment, the presumption
seems to be that economic growth on its own will deliver
more jobs; but this is not likely. |
|
| |
| Jul
2nd 2007 |
|
| The
recent high output growth figures in India have not
been accompanied by commensurate growth in employment.
Making growth inclusive with respect to employment generation
is thus one of the most formidable challenges facing
the Indian economy today. Against this backdrop, a seminar
was organized to clearly bring out that growth per say
need not solve the problem of economic development defined
broadly in terms of social opportunities. |
|
|
