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

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The End of Super Imperialism?

With intensifying concerns regarding the soundness and stability of the international monetary and financial system, calls for reforming it have been on the rise. One recent call was made by the Bank of England Governor Mark Harvey, in August 2019, in which he suggested a synthetic hegemonic currency to replace the US dollar as the key reserve currency. Whether such calls will lead to an end of the key reserve currency status of the dollar remains to be seen.

Policies Need a Cautious Nudge

Recent developments suggest that policymakers in India are gearing up for the application of nudge theory in policymaking. However, there is a need for a scrutiny of the normative foundations and the social ethics underlying the nudge agenda for policymaking. Policymakers need to take these into cognisance while thinking about its application.

India’s Water Policy Needs a Paradigm Shift

India is not a water-deficient country. Its water endowment is abundant. Yet, it is confronted with a very severe water crisis, largely man-made and a result of ineffective policies pursued by successive governments.

The Constitutional Legitimacy of Abrogating Article 370

While the popular opinion in the nation is in favour of the abrogation of Article 370 in Kashmir, the constitutional legitimacy of the decision needs to be questioned. It was projected as a fairly constitutional move by stating that the special status and privileges available to the people of Kashmir for the last seven decades have not served their purpose and it is now time for the Kashmiris to enter into a new national pact for strengthening peace and local democracy in the state. The battle for peace and prosperity in Kashmir will be won or lost in the minds and hearts of the people of India.

Official Reforms and India’s Real Economy

The remedial measures announced by the government in and after the 2019–20 budget refl ect its limited understanding of the economy as the performance of the fi nancial markets alone. But, to revive the decelerating real economy, the state needs to act upon expansion of public investments towards employment and other basic social goals.

The Need for an Innovation Survey in India

Mainstream measures of innovation at both the macro and micro levels, measure only a part and not the full extent of innovation that occurs in India, and, by and large, ignore the emerging innovation activities occurring in the service and informal sectors. There is a need for evidence of other forms of innovation to complement these measures to accurately present a holistic picture of innovations in developing countries like India.

Overlooking the Idea of Common School in the Education Policy

The Draft National Education Policy, 2019 lacks commitment to the idea of common school and encourages segregation and differentiation of schooling experiences for different socio-economic groups.

Vision without Basis

The Draft National Education Policy, 2019 strives to provide a vision, albeit not presenting any statistical basis or taking into account the sociopolitical and historical contexts, the regional or statewise variations and disparities, financial responsibilities, and the gains made by the earlier initiatives.

What’s in It for School Education?

The Draft National Education Policy, 2019 is silent on the role of the state in providing equality of opportunity in and through access to school education. It has fallen into the trap of measuring outcomes while remaining indifferent to input shortcomings and systemic inequalities.

The Post-political Dalit Movement in Maharashtra

The contemporary Dalit movement in Maharashtra is marked by five distinct trends, that is, increased militancy, sub-caste assertion, middle-class activism, public symbolism, and a rightward shift. These are not manifested through political mobilisation but predominantly in sociocultural spheres. The congruence and divergence of these from B R Ambedkar’s normative political project need to be explored.

Elections in Indonesia

The organisation of political discourse and the citizen’s imagination around the personality cults of leaders and ascendant majoritarianism in Indonesia raises concerns about the health of democracy.

The Accuracy of Agency Ratings

Recently, regulators as well as market participants have raised serious concerns about the validity of external credit ratings in predicting the true status of corporate default risk in India. A comparison is made of the historical rating trends in India along with the global benchmarks. The credit rating agencies need to provide more insights about corporate rating movements to enable banks to derive early warning signals about inherent credit risk. The kind of risk indicators that need to be disclosed has been highlighted.

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