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

Policy Watch

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East Asian Dilemma: Is There a Way Out? Jayati Ghosh Abhijit Sen C P Chandrasekhar The financial crises in east and south-east Asia show no signs of resolution, and the IMF medicine that is being...
All Dressed Up and Nowhere to Go India Infrastructure Report Jayati Ghosh Abhijit Sen C P Chandrasekhar The basic strategy proposed in the India Infrastructure Report prepared by the Expert Group on...
South-East Asian Economies: Miracle or Meltdown? Jayati Ghosh Abhijit Sen C P Chandrasekhar In the past few months several of the more 'successful' of the south-east Asian economies have been...
Using Foodstocks Productively Jayathi Ghosh Abhijit Sen C P Chandrasekhar The previous Congress government made a definite choice, in terms cf utilising the surplus public foodgrain stocks, to use...
The Rupee and Its Malcontents Exchange Rate Management in India Jayati Ghosh Abhijit Sen C P Chandrasekhar The sources of the current instability in the currency markets - portfolio capital inflows...
Privatising Natural Resources Jayati Ghosh Abhijit Sen C P Chandresekhar Having joined the globalisation bandwagon, it is not surprising that recent attempts at privatisation in India reflect the...
Life after Enron Jayati Ghosh Abhijit Sen C P Chandrasekhar The Enron agreement was only one of eight so-called fast track' agreements with multinational companies on terms, essentially dictated by...
Food Exports and Food Requirement JM The intention of the minister of agriculture, and indeed of the government in general, to focus on increasing crop exports, including exports of foodgrain,...
Back to a 1980s type borrowing for consumption is thus the hallmark of the new 'middle way'; and like that of its predecessor, the life of this episode will only be as long as foreign financiers...
Economy in 1993-94: Another Look JM The government's seeming achievements in the management of the economy in the current fiscal year have occurred in a context which substantially alters their real...
Privatisation: Magic Wand or Budgetary Cop-Out? JM THE annual ritual of pre-budget meetings of the finance minister has many purposes, but these mostly have very little to do with the stated...
Discussing Economic Reforms Achievements and Future Intent In complete contrast to the main presumption of the finance ministry's 'discussion paper' on the economic reforms, that stabilisation has...
Back to Reforms JM The nation has so far avoided the devaluation-inflation- devaluation spiral that has wrecked Latin American economies. But the unimaginative policies being pursued since July 1991...
All Arithmetic, Little Economics JM What stands out in the government of India's memorandum of economic policies for 1992-93 submitted to the IMF is the absence of imagination and creativity in the...
Economic Liberalisation and Employment Will Enterprise Work? J M In the brave new world of liberalisation and globalisation, a large part of a whole generation faces a medium-term future without...
Banks, the Stock Market, and Making Money J M Even a cursory assessment of the stock market-cum-banks scam should reveal that the problem is systemic and structural, that just making scapegoats of...
black is the description of the lowliest of the genus, the sudras. The rules of the caste game are well known: the kshatriyas and the vatoyas aspire to break into the occlusive fold of the brahmin...
The 1992-93 Budget, which has been greeted by the media with near euphoria, is probably the most irresponsible budget ever presented in independent India. And this stupendous free lunch is offered...
An Alternative Economic Survey JM IT is customary just before the budget to survey the economic events of the preceding year, and juxtapose claims made with the actual outcome. The official Economic...
Industrial Exit: Red Herrings and Real Options JM THE failure so far to announce a policy on industrial exit is probably one of the most significant lacunae in government policy-making today. When...
Dunkel has produced a draft which cleverly attempts to narrow OECD opposition by being less than generous to the US vis-a-vis European farm subsidies, but balancing this by being overly generous to...
The recommendations of the Committee on the Financial System reflect partly the infectious 'mantras' of competition and globalisation; but even more they reflect the biases of those who are urban,...
IMF Stand-By Loan Conditions It is only to be hoped that in the next few months the government does not scramble to achieve the targets laid down by the IMF without reference to how this would...
Confusion in Trade Policy JM After less than six months in office, utter confusion seems to mark the government's policies in regard to crucial sectors of the economy. And nowhere is this chaos more...
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