Fractured Institutions and the absence of an inclusive Political System Rashed Al Mahmud Titumir

An assessment of implementation of 17 goals and 169 targets of the Sustainable Development Goals (SDGs) is required since SDGs are what the world over is concerned with while Bangladesh is in an exceptional circumstance. The SDGs sound bold, yet fraught with contradictions with its internal logic. The global framework builds upon its precedent, the eight Millennium Development Goals (MDGs) in which development is articulated as if such is achieved through technocratic means, free of politics. Besides inherent logical inconsistencies of the SDGs, these present further challenges to link the means of implementation to the outcomes due to the former…

The Boundaries of Welfare Prabhat Patnaik

The Narendra Modi government has now carried its penchant for undermining institutions to the national budget itself. Not only has it treated what should have been an interim budget, as its tenure lasts barely two months into the new financial year, as a full-fledged budget, but it has also palpably refrained from applying its mind to several key budgetary schemes. The aim has been not to launch some seriously thought out schemes for the poor but to create hype-worthy news. Consider the three main “sops” of the budget. Twelve crore “small landholding families” are to be given Rs 6,000 each…

Social Responsibility of Intellectuals in Building Counter‐Hegemonies Issa Shivji

Intellectuals pride themselves as producers of knowledge.  They  are  also articulators  of  ideologies,  a role  they  do  not  normally  acknowledge. Respectable universities worth the name call themselves sites of knowledge production. I say “respectable”  because  these  days  many  neo‐liberalised universities  have abandoned  the  role  of  knowledge  production  in  favour  of packaging  disparate information  and  branding  their  “products”  (students)  to make  them saleable  on the  market.  That is a story for another day.  Today I don’t want to talk about packaging factories.    Today  I  want  to  address those  intellectuals  who  still consider  themselves  producers  of  knowledge rather  than  assembly  line supervisors…

Neither Interim, nor Substantial C. P. Chandrasekhar

In a pre-election budget speech filled with propaganda about the supposed developmental achievements of the Modi government, substitute Finance Minister Piyush Goyal read out a text that both window-dressed the revised estimates and violated all norms that should apply to an Interim Budget. Principally, the speech lays out three sets of changes on the expenditure side with the hope clearly of winning votes at election time: one to provide for a Rs. 6,000 crore cash transfer in a year to “landholding” farmers with holding size upto 2 hectares; a contributory pension scheme for unorganised workers with monthly income upto Rs.…

The Motivated Murder of India’s Statistical System Jayati Ghosh

The attacks by the Modi government on many of India's institutions have been noted, but the destruction of India’s statistical system was not adequately recognised or condemned. That is, not until the latest revelations on how the Government is refusing to release the NSSO’s employment survey for 2017-18 led to the resignation of the last two remaining independent Members of the National Statistical Commission. This attack on official statistics is obviously important, because it denies citizens access to reliable data on what is going on in the economy and assess the government’s performance. It is sad, because India had managed…

Here’s what Modi’s 2019 budget can – but won’t – do about India’s jobs crisis Jayati Ghosh

The Brahmastra, or ultimate weapon, of 10% reservation in government employment for economically weaker sections (EWS) has been cynically deployed already, but even that does not seem to be delivering the desired public approval. Perhaps the general public has wised up to the fact that central government jobs have in fact declined over the past four years (by more than 75,000 since 2014) and so a small reserved portion of a shrinking pie does not seem all that attractive. However, even in the limited time available, there is much a committed government can do to tackle unemployment. And these could…

The Strange form of “Disinvestment” C. P. Chandrasekhar

As the term of the current NDA government nears its end, with signs of popular dissatisfaction over its performance on the economic front, the urge to ramp up expenditure to woo the electorate intensifies. But a number of factors have combined to render that task difficult, with the failure of the government’s misplaced disinvestment programme being among the most important. Disinvestment receipts are crucial to the government this year for two reasons. First, while direct tax collections in 2018-9 are according to official figures on track to reaching targets, indirect tax collections have fallen short after implementation and periodic revision…

To be Bravely Critical of Reality: An interview with Tamás Szentes

Tamás Szentes, Professor Emeritus of the Corvinus University of Budapest (the former Karl Marx University), elected full member of the Hungarian Academy of Sciences, is ‘one of the grand old men of development economics.’[1] His first celebrated book in English, The Political Economy of Underdevelopment (published first in 1971, republished in nine languages and ten different countries, totalling altogether 16 editions in the first fifteen years of publication) was praised in ROAPE in 1974 as ‘a serious and comprehensive attempt at providing a true political economy of underdevelopment.’ For a while he was one of the contributing editors of ROAPE, and between 1967 and 1971…

The furore over farm debt C. P. Chandrasaekhar

The decision of the newly elected Congress-led governments in Chattisgarh, Madhya Pradesh and Rajasthan to implement the manifesto promise to waive farm debt has set off a controversy. Opposition to the move comes not just from opposing parties. In fact, the political leadership has been sensible enough not to oppose the policy per se. For example, the BJP that had gone the same route in Uttar Pradesh and Maharashtra, has only said that these governments are not doing things the right way, and are deceiving farmers with mere platitudes. The opposition comes from the neoliberal advocates, who paint this decision…

Criticism and Criticism Prabhat Patnaik

Former Reserve Bank Governor Raghuram Rajan has come out openly against the Indian government’s measure of demonetizaton of currency notes in November 2016, in a speech delivered recently at the University of California at Berkeley. Since Rajan is an economist of repute, and has been an important economic decision-maker in the country, his criticism of demonetization is to be welcomed: it adds considerable weight to the voices that have been raised against this wanton and despotic measure of the Modi government. At the same time however it provides an occasion to draw an important distinction. Since there can be no…