ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From the Planning Commission to the NITI Aayog

The transition from the Planning Commission to the Niti Aayog reflects the completion of the transition from a state professing anti-imperialism to a neo-liberal state.Niti Aayog will oversee a greater centralisation of powers in the central government, and with the abolition of the National Development Council and its replacement by regional councils, the limited say the states had on policies and the flow of funds stands further eroded. In short, the constraints on state governments will be tightened rather than loosened in theNiti Aayog era.

On Controlling Inflation

Under the theoretical hegemony of monetarism, and serving the interests of the capitalists, the government's anti-inflationary policy seeks to lower real wages and reduce employment to achieve its objective, this even as the level of aggregate demand falls short of the available supply. This paper suggests an alternative method of inflation control which uses transfer payments to the working population to bring down the rate of inflation by increasing aggregate output. Indeed, real wages and employment go up and post-tax profits do not suffer, even as the government balances its budget by taxing the capitalists to obtain the additional revenue to make the transfer payments. The method however requires capital controls to be in place.

End of the Planning Commission?

The nature of contemporary political economy in third world countries like India precludes not just socialist planning, but even Nehruvian planning, social democratic planning, fascist planning, or even planning in the sense of the nation state managing or negotiating its relations with globalised capital. It precludes any role for a "Planning Commission".

Neo-liberalism and Democracy

This article attempts to analyse the rise of fascism in Indian politics and explains the growing popularity of a "messiah" who promises to solve all problems in the "closure" of politics under neo-liberalism. It sheds light on the decline of class politics and the rise of "identity politics", the growing clamour against "corruption" and politicians and proposes a path for left politics to break the hegemony of globalised capital.

'We Oppose the Death Penalty'

We, concerned citizens and organisations from different walks of life and with different world views, are united in opposing the death penalty and ­demanding its repeal in India. Though meant only for the rarest of rare crimes, the death penalty is widely being applied to an ever-increasing array...

Modern India sans the Impact of Capitalism

The Indian Ideology by Perry Anderson (Gurgaon: Three Essays Collective), 2012; pp vi + 184, Rs 350 (PB), Rs 550 (HB).

A Critique of the Welfare-Theoretic Basis of the Measurement of Poverty

Once we abandon the false theoretical premise of welfare economics that past period's goods and services are available in the current period as well, a number of seemingly contradictory bits of evidence on the measurement and level of poverty in India fall into place and gel into a coherent story. When poverty is defined in terms of access to a bundle of goods and services, which includes a minimum number of calories, there can be little doubt that poverty has been increasing in neo-liberal India.

A Note on the Macroeconomics of the Twelfth Five-Year Plan

The macroeconomics underlying the Twelfth Plan is fl awed because the picture that the Planning Commission paints of a higher savings ratio being associated with a reduced current defi cit ratio will hold only through a reduction in income. If exports are going to be restricted by world demand conditions, then the way to increase output is by lowering the import propensity, not by raising the saving propensity, as advocated in the Twelfth Plan.

A Note On The Macroeconomics Of The Twelfth Five Year Plan

The macroeconomics underlying the Twelfth Plan is flawed because the picture that the Planning Commission paints of a higher savings ratio being associated with a reduced current deficit ratio will hold only through a reduction in income. If exports are going to be restricted by world demand conditions, then the way to increase output is by lowering the import propensity, not by raising the saving propensity, as advocated in the Twelfth Plan.

Education Crisis in Sri Lanka

We, as economists, academics and social activists are deeply concerned about the continuing crisis in the education sector in Sri Lanka. Austerity measures and attacks on social welfare in many countries have been disenfranchising children and youth from education as a central avenue for social...

The Left in Decline

A communist party in the 21st century has to engage with democracy, deepen it, and has to devise strategies based on a "concrete analysis of the concrete conditions". The CPI(M)'s empiricisation - not revisionism - has resulted in setbacks, and it has to strive to build a coalition of the workers and peasants to resist international fi nance capital and, where in power, usher in an alternate trajectory of development.

Delink Entitlements

We the undersigned economists do not consider the official national poverty lines set by the Planning Commission, at Rs 32 and Rs 26 per capita per day for urban and rural areas, respectively, to be acceptable benchmarks to measure the extent of poverty in India. In any case, irrespective of the...

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