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

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A New Development Model for the New Economy

The new economy needs a development model that is people-centric, not production-driven. Emphasis, therefore, must be on the development of human capital. But, public education and health are not enough to break out of the middle-economy track. The world’s most pressing problems, from climate change to the future of work are all manifestations of inequality. The role of government is to not only be a more effective provider of learning and health, but also to be an agent for greater access to opportunity and changing patterns of ownership at all levels.

Hollowing Out the Right to Education

The Right of Children to Free and Compulsory Education Act, 2009 aims to ensure inclusive education by requiring private educational institutions to admit students of economically weaker sections as part of the fundamental right to education. However, the existence of the act has never been free of state government and judicial attempts to dilute its beneficial provisions. The latest attempt by the Karnataka state government, upheld by the state high court, threatens to nullify the provision completely.

Thus, Spoke the Bond Market

Would market volatility amidst global trade tensions and uncertainty cause a global recession? Although the world’s major central banks had managed to avoid risks in the first week of June, despite some small variations at some maturities, the United States yield curve remained more or less as it was at the beginning. What will happen in the not-so-distant future?

Has the Dial Moved on the Indian Sex Work Debate?

The politics of sex work has exercised civil society, feminists, governments and, of course, sex workers and the latter’s organisations. This trajectory is examined in the context of the last two decades in India and taking into consideration the relevant laws.

The Modi Era

The influence of Hindutva in political culture on India’s strategic culture has been traced. It has resulted in a hardening of strategic culture with the bias towards the offensive also resulting from the military’s organisational culture that has been independently penetrated by Hindutva. But, a strategic doctrine of compellence is combustible, and the retraction of Hindutva from polity is a prerequisite for stability.

Madhava Menon and Legal Education

The most fitting tribute to N R Madhava Menon would be to pose critical questions on the status of legal education in India and to strive for its transformation along with the reform of the legal system as a whole.

Provincialisation of ‘Transformative’ Politics

The left and the Dalit political parties put limits on the transformative politics that draws its support and sustenance from the normative ideals available in Karl Marx and B R Ambedkar. Arguably, these limits spring from the conditions of provincialisation of transformative politics into instrumentalities that are internal to electoral democracy.

Brexit and the Continental Fears of Maritime Britain

The Brexit debate in England is intricately linked to the demand for the reassertion of its maritime identity and glory that many consider to have been eroded by the success of its underwater connectivity with France. The British society is badly divided on the Brexit issue. The only group gaining through this induced polarisation of British society is the right-wing populist one, which is using maritime geography to project itself as the ultimate change agent, the angel of history, and an epitome of British insularity.

Supreme Court on Rafale Papers and Electoral Bonds

The Supreme Court’s judgments in the Rafale Papers and the Electoral Bonds cases suggest that it is alive to the need for upholding transparency when it comes to the freedoms of the press and the funding of political parties. This is, however, not a consistent position and, in the Electoral Bonds case, the Supreme Court has hedged its bets to some extent. It remains to be seen, however, if the Court will extend this demand for transparency to its own functioning.

Bad Debt Resolution Hits Judicial Roadblock

With the Supreme Court having declared ultra vires the Reserve Bank of India circular directing banks to pursue bad debt resolution at any cost, the process of making banks alone pay for all-round errors has come to an end. The Court has required the government to specifically authorise each resolution exercise and not delegate blanket authority to theRBI. This would matter in cases such as in the power sector where a misplaced privatisation policy explains the non-performing assets, which the government would now have to take into account. The Court’s order also makes it difficult for theRBI to pretend that it had no role in the generation of theNPAs.

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