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The Pulses Conundrum C.P. Chandrasekhar and Jayati Ghosh

As inflation in the prices of pulses gives way to a price decline, a misplaced argument that the government should not regulate the private trade to curb speculation and stabilise prices is being expressed. Pulses_Conundrum  (Download the full text in PDF format) (This article was originally published in the Business Line on September 26, 2016.)

Dangerous Embrace: India and International Finance Capital C. P. Chandrasekhar

Financial liberalization, aimed in the first instance at attracting foreign finance capital to India, is the centrepiece of the neoliberal growth strategy India chose to adopt 25 years back. That was indeed a dramatic change. In 1947, controls on and regulation of foreign investment were seen as prerequisites for ensuring autonomy from predatory foreign capital, and strengthening the political freedom that had been won. Since 1991, however, economic success has been measured by neoliberal advocates by the confidence that foreign investors have in the Indian economy, reflected in the volume of cross-border inflows of foreign capital, especially foreign finance capital.…

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