Acceptance of a limited macroeconomic role of the Reserve Bank of India would legitimise greater government intervention in the economy, making neo-liberal economists unhappy. This is the central reason for not giving up inflation targeting or modifying it to suit Indian conditions, writes Prof. Arun Kumar.
It is easy for a leader to work with hope when the party is on the rise and things are going well. It is far more difficult to maintain equanimity when the party is in decline. It is not easy to build alliances with those with whom one has ideological differences while maintaining one’s ideology which is contrary to that of the others. As it is, being Left in a capitalist system is difficult at the best of times. Perhaps JNU played a small part in making Sitaram Yechury what he was – an affable democrat who was widely admired.
Another Teachers’ Day, and the challenges for teachers and the system of education in India are more than ever before. These are not only micro and macro but also emerging from past mistakes and due to rapid technological changes. Teaching, the mother of all professions, needs to take note and respond urgently.
The Hindenburg report pointed out that short selling in Adani stocks was due to cronyism and stock market manipulations. That is what is spoiling the investment climate, not the exposés by Hindenburg reports.
The legal and policy regime finds itself overwhelmed by an increasingly corrupt system and decrepit society, writes Prof. Arun Kumar.
Instead of taking care of critical problems facing the Indian economy, the Union budget 2024–25 seems to be intended to keep international agencies and the organised sector happy, writes Prof. Arun Kumar.