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Macroeconomics

Small Savings Schemes in India and the Saradha Scam

Sun, 2013-04-28 23:44 | Subhanil Chowdhury
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One of the features of the current Saradha scam which is distinct from other such scams like the Sanchayita, in West Bengal, is that majority of the people who deposited money in Saradha are rural poor people. Why did rural poor people keep their money in fraudulent companies like Saradha and not in small savings schemes of the government? This is a very important question which needs to be looked at to pin point the role of the central government and state governments in facilitating the activities of companies like Saradha.

The Neo-liberal Paralysis

Wed, 2013-03-06 13:19 — subhanil
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The pursuance of neo-liberal ideology has run out of policy options to take the Indian economy out of the current crisis. That is the message of this year's union budget.

Challenges before Indian Economy and the Budget 2011-12

Tue, 2011-03-01 16:43 — subhanil
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The Budget is a reassurance to the corporate sector that the Government remains committed to its core agenda of neo-liberalism.

A Note On Municipal Bonds in India

Wed, 2010-09-08 11:30 | Surajit Das

The third tier of the government, viz. the Municipal Corporations, the Municipalities and the Panchayats, is increasingly being told to become financially ‘self-sufficient’. This note provides a critique to this approach of financing the third tier of government.

The Paradox of Thrift and the US Economy

Tue, 2010-08-31 10:09 — subhanil
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 A short note on the concept of Paradox of Thrift and its misunderstandings in the context of the US economy. This is a slightly technical piece, but I thought it was still worth putting down as a blog entry. (Teaser Image courtesy, Salon.com)

Robert Pollin reviews Prabhat Patnaik's book, "Value of Money"

Thu, 2009-10-08 09:08 | Robert Pollin

Prof.Robert Pollin, Economics Professor at the University of Massachusetts, Amherst reviews Prof. Prabhat Patnaik's latest book, "Value of Money". The review is attached along with this post. 

Time to Tame Free Finance

Tue, 2009-05-26 16:47 | Vineet Kohli

"The recent crisis in global financial markets has clearly demonstrated the shortcomings of a deregulated financial regime." writes Vineet Kohli an Economist with Economic Research Foundation

 

Less than 6.5% GDP Growth & 31.4 Lakh Non-Agricultural Job Loss in 2008-09

Thu, 2009-03-19 19:42 | Surajit Das

This article tries to estimate the extent of joblosses in India as a result of the economic down turn.

Blowing Bubbles at the Bust

Wed, 2009-01-21 11:15 | C.P. Chandrasekhar

Even in the face of global financial crisis, the Indian Government has not shed the neo-liberal fiscal conservatism. The so called fiscal packages announced by the Government is a testimony to this, writes Prof. C.P. Chandrasekhar.

Source: 
http://macroscan.com/cur/jan09/cur070109Blowing_Bubbles.htm

Inflation and Growth in India: Policy Responses of the Government

Tue, 2008-12-09 23:39 | Subhanil Chowdhury

Pragoti's Subhanil Chowdhury comments on the government's steps taken to curb inflation in India, the overall strategy on growth and the recent fiscal stimulus package.

Source: 
http://subhanilc.blogspot.com/2008/12/inflation-and-growth-in-india-policy_08.ht...