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Are Our Regulators Imaginative?

The recent deposit ponzi scam in West Bengal and the proliferation of such dodgy small-depositor financial schemes in other parts of the country point to the inadequate role of financial regulators. Despite ample examples of the misery they cause, the regulators have not yet responded to the challenges, leaving poor investors at the mercy of the scamsters.

IPL: As Skewed as the System

It must be said that the recent allegations of spot fixing by three cricketers in the lucrative Indian Premium League (IPL) is a consequence of the commercialised culture spawned by the cricket administrators themselves. In its rush to unleash the “animal spirits”, the Indian cricket board has engendered every vice so much so that the IPL is not quite cricket.

Liberal Education: The Road Not Taken

The proposed Foundation Courses promise a well rounded liberal education with enhanced employability and the ability to meet national challenges, but their rigid structure and poor content breaks this promise.

Delhi University’s Undergraduate Programme

Notes from the Archives

This article draws on archival material from the records of the University of Delhi to recount the last major change in its undergraduate programme in 1943 when the present three year BA course was introduced replacing the two year intermediate followed by a two year BA. That change took almost two decades of consultations and debate before they were accepted and implemented and provide an insightful comparison to the current proposals for changing the University’s undergraduate programme.

Asghar Ali Engineer (1939-2013)

Emancipatory Intellectual Politics

This tribute to Asghar Ali Engineer argues that apart from his contributions to secularism, human rights work and reform within Muslim communities, his abiding legacy would be towards establishing an emancipatory form of intellectual politics which remained analytically open but grounded on politically committed arguments.

'The Near and the Far'

Why Is India’s Liberal-Political Democracy Rotten?

The roots of the rottenness of India's liberal-political democratic order are unearthed in the process of capitalist development since 1793. The latter has essentially been a conservative modernisation from above which has failed to complete the tasks of the "bourgeois-democratic revolution". Moreover, the caste system and discrimination on the basis of ethnicity, nationality and religion have inhibited any stable, long-lasting unity of the oppressed and the exploited aimed at progressive modernisation from below.

The Plight of Domestic Workers

Confluence of Gender, Class and Caste Hierarchies

Domestic work has increasingly become part of the global division of labour and inextricably integrated within it. While migration for domestic work is an opportunity, in the absence of social protection, it also renders such workers more vulnerable. This essay takes its cue from how the feminist movement has approached the contradictions within domestic work and the various problems that domestic workers face. It throws light on the multiple hierarchies that the domestic worker is confronted with, as also the peculiar problems that the Indian domestic worker confronts. It explores a whole lot of different aspects of the domestic employer-employee relation within the context of the near absence of state intervention and the lack of legal protection. It also delves into the attempts that some trade unions, NGOs and church-affiliated organisations have made to bring protective measures and organise domestic workers to win labour rights.

Breaching 400 ppm

A reminder that the world must move towards alternative energy sources.

Avoidable Deaths

Abortion is legal in India but unsafe abortions claim countless lives.

Pakistan Elections - I

More Rejection, Less Election

Not since the 1970 elections have the people of Pakistan turned out in such great numbers to vote. Two differences are notable, however. First, while in 1970 they voted the Pakistan Peoples Party to power, this time they came out in droves to boot it out. And second, while 1970 was a time of great hope and optimism, this year their cynicism was palpable even as they voted. This was understandable as all the main contesting parties appeared committed irrevocably to the same market liberalism that has characterised Pakistan's governments for the last three decades. In the end, people followed the only path open to them in most democracies: vote the incumbent out, even if the alternatives promise more of the same!

Pakistan Elections - II

Democracy, Dichotomies and Shades of Grey

The recent elections in Pakistan show that the country is finally on the right track notwithstanding the rigging, the violence and the brutal prevention of women from voting in some areas by representatives of all the political parties. The huge turnout of women and first-time young voters risking their lives to exercise their right to franchise is something to celebrate and consolidate.

Finances of Municipalities

Issues before the Fourteenth Finance Commission

The finances of municipalities in India are in a highly unsatisfactory state, adversely affecting, on the one hand, the productivity of cities and towns and, on the other, the quality of life. Moreover, the fiscal implications of rapid urbanisation stare us in the face and failure to take appropriate action on this front will have adverse consequences for India's growth and development trajectory. The Finance Commission's grants-in-aid over the years have not been able to bridge the vertical fi scal gap of municipalities. How may the Fourteenth Finance Commission deal with the fi scal challenge?

The Ladakh Face-off

India Must Draw the Right Lessons

A window of opportunity may be opening up to resolve the border dispute between India and China. Unfortunately, Indian public opinion and a section of its strategic community seem ill-prepared to allow the government to take advantage of this. An assessment of the recent border incident between these two States illustrates the obstacles which have to be overcome.

The Defeat of Saffron in Karnataka

With the debacle of the Bharatiya Janata Party in the Karnataka 2013 assembly elections, the Congress takes over the reins of the state. Blatant corruption, aggressive Hindutva and factionalism have led to the demise of the saffron party in the southern state. An analysis of the election results shows that even though the gains of the Congress are not that dramatic, the voters have delivered a clear mandate against the politics represented by the BJP.

Nuances of the Reserve Bank's Exchange Rate and Reserves Management

There is a widely-held view that due to widening inflation differentials in India vis-à-vis the advanced economies, the rupee is, infact, overvalued in real terms and a downward adjustment would help in boosting sagging exports and in narrowing down the trade deficit. This note attempts to address related issues and suggests a way forward.

Selective Memory, Collective Amnesia

In her review of my book Our Moon Has Blood Clots in the 27 April issue of the Economic & Political Weekly (“A Moon of Many Shades”, Vol 48, No 17), Anuradha Bhasin Jamwal makes some errors of fact and misrepresents my argument, which I would like to rectify.