THE victory of a Left Alliance, Syriza, in the Greek elections on January 25, was a matter of great significance, especially because that victory was based on a promise that Syriza would get rid of the memoranda imposing austerity on Greece by the “Troika” (the European Union, the European Central Bank and the IMF). Syriza’s victory was thus expressive of a popular revolt against neo-liberalism.Upon coming to power Syriza wanted to end all existing agreements with the “troika” on the grounds that these had been decisively rejected by the Greek people.

INDIA, we are constantly reminded, is one of the more rapidly growing economies of the world at present; and even though the growth rate has come down somewhat of late, official figures show that it still remains quite high. What is less talked about however is the fact that the magnitude of hunger in India today exceeds that of even sub-Saharan Africa, which is generally considered to be among the poorest regions of the world; and it also exceeds that of what are officially categorised as “the least developed countries”.

THE Planning Commission, set up under Jawaharlal Nehru’s prime ministership, was a logical expression of an idea that underlay India’s anti-colonial struggle, namely that in independent India, an improvement in the material conditions of life of the people, subjugated and plundered through a century and a half of colonial rule, required a comprehensive marshalling and conscious allocation of all national resources. It was an essential component of what Nehru had called India’s “tryst with destiny”.

IT is official now. New data released by the National Sample Survey Organisation (NSSO) for 2013 show that the agrarian distress in rural India is continuing, and even intensifying for small and marginal farmers. In the last decade, there has been much talk on inclusive growth, revival of growth rates in agriculture, higher public investment in agriculture and the doubling of agricultural credit. Yet, the new data show that all these policies have largely bypassed the rural areas, and particularly the small and marginal farmers.

CREDIT Suisse brings out a Global Wealth Report every year. The current year’s report takes up for specific discussion the issue of wealth inequality. The term “wealth” in the report covers only household wealth and refers to the value of assets at current prices; it includes in other words capital gains and hence the effects of speculative factors.