The threat of another downturn strengthens the argument for fiscal policy initiatives as a driver of economic growth, but such measures face serious opposition from a global finance that is fine with government borrowing only as long as it suits its own interests.
The U.N.-approved new definition of work has several laudable aspects, but an important one for India is the inclusion in it of the unpaid work done by women for households and society.
Finding ways of shutting out at least some of the capital inflows and addressing India’s vulnerability may be a better way to go than rail at developed economies as the RBI Governor has been doing.
The United Nation’s MDG report 2014 shows that despite India’s significant economic progress, around one-third of the world’s extremely poor people reside in the country.
Rabindranath Tagore’s concepts can form the basis of a critique of the idea of an over-centralised nation seeking cultural standardisation as also a plea for a more open, truly federal polity where people are free to imagine the nation in the way they want and relate to it on their own terms.
The yes-sir-present-sir response of Doordarshan to the ruling party, its slants and biases, are unfailingly all too obvious. The private channels have become adept at being more inscrutable, even devious, in their ways, much like their counterparts in the West.
The right of governments to identify and pursue the most appropriate mix of economic and social policies in order to achieve equitable and sustainable development in their own national contexts should not be inhibited by the threat of legal retribution.
The Indian government’s pursuit of fiscal consolidation in the Union Budget by providing large transfers to the rich, which it calls “tax expenditure”, while trimming subsidies, or expenditures that benefit the poor, is the best example of the ideology of anti-populism.