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Interim
Budget 2019-20 |
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The
great Budget "Cash for Votes" Scam - and other Cash
Transfer Schemes |
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Feb
15th 2019, Jayati Ghosh |
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The
proposed cash transfer to farmers on election-eve is a poorly
imagined scheme that is likely to have little positive impact.
An alternative to it is the provision of universal basic
services, universal employment guarantee and universal pensions.
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Budgetary
Sops Will Do Little to Fix Unemployment and Poverty in India |
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Feb
5th 2019, Sunanda Sen |
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The
Budget sops will not provide a solution to problems of poverty
and unemployment in India, which result from structural
changes creating a mass of unutilised and underutilised
labour force.
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Budget
2019-20: Will it help India's farmers? |
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Feb
4th 2019, Jayati Ghosh |
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The
interim budget 2019-20 is unlikely to bring relief to farmers
and secure their approval for the coming elections. The
approach to farmers in this Budget reaffirms the Modi government's
tendency to rely on optics and jumlas rather than actual
spending and concrete policies.
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Read
More >> |
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Science
and Subterfuge in Economics |
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Feb
15th 2019, Jayati Ghosh |
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John
Kenneth Galbraith noted in 1973 that establishment economics
had become the "invaluable ally of those whose exercise
of power depends on an acquiescent public." If anything,
economists' embrace of that role has grown stronger since
then.
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On
the Proposal for A Universal Basic Income |
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Feb
1st 2019, Prabhat Patnaik |
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Income
support through 'universal basic income' has to be in addition
to the existing welfare schemes and not replace these schemes.
The expansion of public delivery of good quality basic services
remains essential.
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The
Skewed Structure of India's Bond Market |
Feb
12th 2019, C.P. Chandrasekhar and Jayati Ghosh |
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In
trying to deal with large volumes of bad debt, especially
corporate debt owed to the banking system, measures to activate
the corporate debt market are being pushed. But experience
suggests that investors are unlikely to bite. |
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Social
Responsibility of Intellectuals in Building Counter-Hegemonies |
Feb
4th 2019, Issa Shivji |
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In
a period of upsurge of fascism, narrow nationalism and parochialism,
Issa Shivji calls for the social responsibility of intellectuals
to construct a counter-hegemonic project that would resonate
with the lives of the vast majority. |
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The
Strange form of "Disinvestment" |
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Jan
30th, 2019, C.P. Chandrasekhar |
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Under
the NDA government disinvestment is increasingly turning out
to be a process in which surpluses are wrung out of PSEs or
government linked institutions to support the budget, instead
of the usual route of sale to private buyers. Apart from adversely
affecting the modernization and expansion plans of PSEs, this
change in the nature of disinvestment does not enable the
government to raise its expenditure to the desired levels
in a pre-election year. |
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The
Mistaken Obsession with the Fiscal Deficit |
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Jan
29th, 2019, C.P. Chandrasekhar and Jayati Ghosh |
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The
central government regularly fudges fiscal data, to pretend
to meet the FRBM Act targets. This messes up public companies,
but does it really matter for the macroeconomy?
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Jayati
Ghosh on the Employment Crisis and Lack of Effective Demand
in India
Jan
21st, 2019
Jayati Ghosh speaks on the employment crisis, which is essentially
the result of inadequate demand in India. Labour-displacing
technological change is a problem not in itself but because
it occurs in a neoliberal economic context, in which public
spending on employment-intensive activities is constrained. |
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Can
the RBI’s open Market Operations help the Rupee? |
Oct
10th 2018, C.P. Chandrasekhar and Jayati Ghosh |
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The
rupee's slide raises the question of whether India's central
bank should intervene by selling dollars to prop up the currency.
But past experience of such efforts has yielded mixed results,
so other measures may be necessary. |
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Ayushman
Bharat |
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Oct
1st 2018, Prabhat Patnaik |
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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. |
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A
Memorial for Dr. Vineet Kohli, Assistant Professor at TISS and
a Former CESP Student |
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Aug
13th 2018. |
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Job
Opening at Economic Research Foundation |
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Jan
31st 2018. |