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

S K RaoSubscribe to S K Rao

Governance in India

Contemporary India: Society and Governance by A Premchand (New Brunswick (USA) and London (UK): Transaction Publishers), 2010; pp xiii + 346, price not indicated.

Strategic Consequences of Economic Performance

Second, to what extent is India currently Strategic Consequences of underexploiting the strategic links between economic and foreign/security policies? Third, how adequate are our institutional Economic Performance Strategic Consequences of India

CAPITAL VIEW

of Kerala Joan P Mencher The purpose of this paper is to examine the nature of agrarian relations in the two main rice regions of Kerala, Kuttanad (a low-lying area covering parts of Alleppey, Kottayam and Quilon Districts) and Palghat, in order to examine one, forces interfering with production and, secondly, the elms relations that serve to impede a more equitable distribution of food and other commodities. The paper describes some of the striking contradictions in each area, and offers some tentative predictions for their future development.

LABOUR-Capitalist Terror in Ghaziabad

September 17, 1977 LABOUR Capitalist Terror in Ghaziabad S K Rao ON the morning of September 7, Harig India, a machine tool factory located in Mohan Nagar near Ghaziabad, was the scene of a violent confrontation between workers and the management in which two persons died, 76 were hurt and the factory was gutted by fire. The events leading up to this violent incident add up to a dismal story of murky methods and goondaism In management-worker relationships.

Wage Policy in a Mixed Economy

Wage Policy in a Mixed Economy S K Rao A Theory of Wage Policy by A K Das Gupta; Oxford University IF you are asked to decide what should be the wages or salaries of, say, government employees, how would you go about it? A K Das Gupta, who is one of our eminent economists, faced a similar question when he was appointed member of the Third Pay Commission; and this little book is an outcome of his valiant efforts to come to' grips with the question.

Towards an Explanation of Crisis in a Mixed Underdeveloped Economy

Underdeveloped Economy Prabhat Patnaik S K Rao The mixed economy, in country after country, has come to face a crisis. The crisis is not temporary or cyclical, but one affecting the very viability of this type of economy. A situation inevitably arises when economic growth cannot proceed further within the framework of the mixed economy without creating enormous inflationary pressures, Inflation, of course, hits at the real living standards of the urban and rural proletariat and semi-proletariat; more important, however, from the point of view of the ruling classes, it hits at the petty bourgeoisie and, in particular, the crucial articulate segment of it, the professional groups and the salariat, and throws it into the camp of the opponents of the ruling classes.

Money Supply The Paradox

S K Rao IN spite of all the indicators pointing to low investment activity in the economy on the one hand and a rapid increase in money supply on the other, tight conditions are reported from the money market every day. This raises the question: if the expansion in credit is not financing new investment where is it going?

Employment Policy

Employment Policy S K Rao Employment, Technology and Development by Amartya Sen; Oxford University Press, Delhi, 1975; ppxi + 193, Rs 22. IT is always refreshing to read Amartya Sen. This recent book, which is originally a study prepared for the ILO, aims at discussing an approach towards "technological choice as a pert of employment policy in developing countries". In the end, however, it largely turns out to be lively tour de force of various issues related to employment, something that could not perhaps have been avoided given the task.

The Inflationary Process Some Theoretical Comments

The Inflationary Process: Some Theoretical Comments Prabbat Patnaik S K Rao Amal Sanyal It has been argued that the recent inflation in India cannot be explained only in terms of high levels of government spending in the face of inadequate levels of agricultural (especially foodgrains) production; that, in addition, prices have been pushed up owing to speculative stock-holding engendered by the upward revisions of the minimum support or procurement prices for foodgrains. Accelerating inflation has therefore gone hand in hand with addition to the level of stocks held for speculative reasons.

Population Growth and Economic Development-A Counter-Argument

A Counter-Argument S K Rao This paper argues that the often-repeated emphasis on 'population control as a means of generating economic growth makes sense only if one can postulate that the number of 'births prevented' is a function of the expenditure on birth control.

Poised for Growth

 1976 for an examination of this claim. He cautions that while the existence of considerable under- utilisation of industrial capacity is a matter for legitimate concern one has to he careful about the estimates offered and even more about the uses to winch they are put. Raj strikes a note of caution with respect to the estimates of underutilised industrial capacity now being put forward and the ''programmatic policy recommendations" based thereon. 6" It ought to lie mentioned, even though in a footnote, that the sector which has shown maximum growth of output in 1975-76 is the public sector. Coal output has risen, in two years, by 25 per cent. In the current year, the power system is expected to register an increase in output of 12 per cent- Also. public sector units in general have shown a distinct improvement in output. So the lead in improvement this year can be attributed to the public sector.

THE BUDGET

The strategy of the Budget for 1975-76 is quite clear: concentrate your shrinking investible resources mainly on inputs for agriculture; and find the wherewithal for this, if necessary, through a further squeeze on mass consumption rather than on the consumption of the middle and upper classes.

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