BUDGET 2018 - 19
On the Health Scheme in Budget 2018-19
Feb 13th 2018, Subrata Mukherjee & Subhanil Chowdhury
Neither the union budget nor the National Health Policy 2017 presents any clear and convincing health sector road map. If it is serious about providing health care to even bottom 40% of the population, not only should the government increase its current budgetary allocation substantially but also strengthen the health infrastructure at all levels including a strong regulatory mechanism.
The 2018-19 Union Budget
Feb 3rd 2018, Prabhat Patnaik
The strategy of the current budget seems to be simple: make immense noise about “helping the victimized” but do not give an extra paisa from the budget towards that ends. With the expenditure squeeze being carried out to reduce fiscal deficit, the share of central government spending in GDP is in fact budgeted to fall.
Budget 2018: The Finance Ministry’s Grey Shades of ‘Pink’
Feb 2nd 2018, Jayati Ghosh
Even the vaguely “pink” effort in the Economic Survey is whitewashed in the finance minister’s Budget speech that is heavily based on stereotypical gender roles for women, and even that completely disappears when we get to the actual budget allocations.
Where’s the money, Mr Jaitley?
Feb 2nd 2018, Jayati Ghosh
This government is especially good at optics, at managing public perceptions to persuade people that it is working for them, rather than doing so. So it is no surprise that Arun Jaitley’s pre-election Budget Speech went on about how much his government cares for the people, the poor, for farmers, for women, for people running small and micro enterprises, and so on.
Budget 2018-19: No money where the mouth is
Feb 2nd 201, C.P. Chandrasekhar
Billed as the last full budget of this second NDA government, Budget 2018 was not expected to surprise. Its primary thrust had to be a show of concern for the large mass of the deprived in India, with some focus on the agricultural sector which by all accounts has been neglected and allowed to languish over the last four years.
Did the FM deliver for farmers?
Feb 2nd 2018, Jayati Ghosh
For those with short memories, let’s remind ourselves that Arun Jaitley has been promising “top priority to farmers” for a while now.
The Budget and the farmers: The government’s dilemma in 2018
Feb 1st 2018, Jayati Ghosh
Budget 2018 is expected to be famer-oriented, with persistent agricultural distress and near-stagnant farmer income contrary to the promises made by the government. But, even as the election come near, the scale of increased spending that is required for all of this is unlikely to be met, given the self-imposed constraints of “fiscal responsibility”.
Window Dressing Budgetary Figure
Jan 31st 2018, C.P. Chandrasekhar
Budget 2018-19 will feature a window dressed Revised Estimate to ensure that the fiscal deficit is on target. The government’s decision to sell its stake in HPCL to ONGC is only one more step in that direction.
A Dangerous Period
Feb 16th 2018, Prabhat Patnaik
Contemporary Fascism around the world is emerging as neo-liberal capitalism’s “gift” to mankind in the period of its maturity, when it submerges the world economy in a crisis, and reaches a dead-end from which there is no obvious escape.
The Economic Survey 2017-18
Feb 4th 2018, Prabhat Patnaik
Like the person on the proverbial tiger, the Indian economy is currently riding a precarious course. The Government of India’s Economic Survey for 2017-18 recognizes this frankly, but its panacea is to keep one’s fingers crossed and hope that the ride continues.
Rising Incomes, Falling Wages
Jan31st 2018, Jayati Ghosh
Changing the unequal economic tendencies brought out in the World Inequality Report 2018 requires changing the politics not just making governments more accountable to the people, but making people realise that they are being fooled.
The Aging of a Growth Engine
Feb 14th 2018, C.P. Chandrasekhar and Jayati Ghosh
With the dollar value of exports declining, India’s software sector faces a historical crisis which may worsen, given the protectionist trends in the US and other uncertainties.
A Note On Estimating Income Inequality across countries using PPP Exchange Rates
Feb 1st 2018, Jayati Ghosh
Private banks, especially foreign ones have relied on off-balance sheet liabilities to earn revenues and profits, courting risk and leaving the business of banking proper largely to the public sector banks.
The Financialization of Finance? Demonetization and the Dubious Push to Cashlessness in India
Feb 1st 2018, C.P. Chandrasekhar and Jayati Ghosh
This Debate contribution describes the promotion of digital rather than cash payments as a form of the financialization of finance, in its role as a payments system, with reference to recent Indian experience. The obsession with digital transactions as a marker of social and material progress is misplaced; it may become yet another means by which finance extracts rentier incomes out of relatively poor populations.
Job Opening at Economic Research Foundation
Jan 31st 2018.
Indian Banking: Current Challenges & Alternatives for the Future
Jan 30th 2018, C.P. Chandrasekhar and Jayati Ghosh

C.P. Chandrasekhar speaks on "Karl Marx's Capital & the Present"
Sep 30, 2017

The fourth lecture, titled ‘Karl Marx's Capital & the Present’, was delivered on 30th September, 2017 at the India Habitat Centre in New Delhi. In this, the professor talks about contemporary insights that can be drawn from Das Kapital after 150 years of its publication.
 Third Lecture >>  Second Lecture >> First Lecture >>
The Question of Farm-Loan Waiver
Jun 23rd 2017, Prabhat Patnaik
The primary reason why loan-waiver is being demanded at present is not an output fall owing to any natural calamity. It is the price-fall on account of the bumper harvest that underlies this demand. It is the breaking down of an appropriate institutional mechanism that is responsible for the peasants’ distress and periodic demands for loan-waivers.

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