Policy Issues

Superficial Way of Tackling Corporate NPAs

IT is an acknowledged fact that the huge NPAs (non-performing assets) are the fundamental cause for the deep rooted maladies afflicting PSBs (public sector banks)out of which the contribution from the large borrowers (loan exposure of Rs 5 crores and above) is more than 90 per cent.

The entire energy and attention of the PSBs should be focused in recovering the NPAs from the large borrowers without any write off or sacrifice. But will it happen?

Drug Pricing: Prime Minister Misleading People

AFTER US President Donald Trump accused the drug companies with his “get away with murder” comment and thereafter meeting the top executives of US drug companies on January 31 on drug pricing, regulation and trade; and as the “Pharmaceutical companies are under fire around the world as a wave of new treatments for cancer and other serious conditions reach the market at ever rising prices,” the prime minister of India Narendra Modi discovered that it is not the drug companies and policy deficiency but the doctors who are the real culprits for high prices of medicines in India.

Bid to Privatise NLC through Backdoor

OVER the past 40 years, Neyveli Lignite Corporation has continuously secured profit and attained the status of a ‘Navratna’ public sector undertaking due to the untiring hard work of its workers. But, some unscrupulous officials, with the connivance of the private sector and under the patronage of the central government, are trying to open the doors for privatisation.    

Women Workers and the Union Government’s Economic Vision, 2020

THE Union Budget 2017-18 was preceded by the Economic Survey, 2017-18 which comprehensively outlines the long term economic strategy of the government. Though the survey is rigorously researched and referenced by the chief economist, it displays a strong ideological commitment and focus to pushing India into the next phase of neo-liberal reforms, both in terms of policy and societal changes.

Privatisation of Public Services Hurts Poor, Creates Inequality

EFFORTS to privatise public goods and services have helped fuel an increasingly unequal society, says a new report by a US-based research and policy centre.

The report, “How privatisation increases inequality,” examines the ways in which the insertion of private interests into the provision of public goods and services hurts poor individuals and families, and people of colour in the United States, a model that is fast spreading across the world, including in developing countries, such as India.

Demonetisation and State Repression in Bastar

RECENT cases of action against adivasi rights activists, lawyers and intellectuals have shown that demonetisation has become one more tool of State repression. At the start of the demonetisation drive, Prime Minister Narendra Modi, claimed that this measure would strike at the root of the funding to ‘terrorist groups and maoist insurgents”. This claim was further buttressed by unverified police media leak that the ‘maoists’ had stashed rupees seven thousand crores in the jungles and were now forcing villagers and sympathisers to exchange their old notes for new ones.

Demonetisation and State Repression in Bastar

RECENT cases of action against adivasi rights activists, lawyers and intellectuals have shown that demonetisation has become one more tool of State repression. At the start of the demonetisation drive, Prime Minister Narendra Modi, claimed that this measure would strike at the root of the funding to ‘terrorist groups and maoist insurgents”. This claim was further buttressed by unverified police media leak that the ‘maoists’ had stashed rupees seven thousand crores in the jungles and were now forcing villagers and sympathisers to exchange their old notes for new ones.

Digital Economy: Who Benefits?

FIFTY days, that the Prime Minister Narendra Modi had asked of the people, were completed but with no signs of abatement of hardships. These fifty days have brought to light umpteen stories of hardships that the people had to suffer in order to access their hard earned money. These fifty days also witnessed the goalposts of demonetisation shifting continuously. First it started as a measure to combat black money and terrorism. Later it was championed as a necessary step for transition towards a 'cashless society', which yet again was subtly modified to a 'less cash society'.

Fifty Days of Demonetisation And the Unorganised Sector

PRIME Minister Modi’s fifty days of ‘pain’ are getting over on December 30, 2016. But the reports and studies on the impact of demonetisation show that the ‘short term pain’ will lead to no ‘long term gain’. Rather its impact on employment and production may hit the majority of the workforce in the country. This is particularly true of people in informal employment or labour relations, both in the organised and unorganised sectors.

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