Joao Pedro Stedile, November 23,2013
There are now 7 billion human beings inhabiting the planet. More than half of them crowded into big cities. Far away from their original homes. And for the first time in history we have reached the sad total of one billion people suffering hunger on a daily basis. In other words, 14% of human beings no longer has the right to survival. Amongst them thousands of children and their mothers die every day.
Newsclick Production, October 21,2013
Deepak Nayyar, former Vice-Chancellor at the University of Delhi, spoke at a seminar on “Economy in Crisis” organized by Centre for Policy Analysis, New Delhi. He said that macroeconomic crisis in India have been triggered by a fragile balance of payments situation, and the answer lies in not only cutting expenditure, but also increasing income. Nayyar said that the present situation is just as bad as that in 1991. Increase in growth has failed to translate into an increase in employment. Crisis in social infrastructure such as education and health run deep, and India hasn't used industrialization to mobilize its human resource as yet. To address the crisis, there is a need for pro-active engagement of the government, he said.
Newsclick Production, October 19,2013
In a seminar on “Economy in Crisis”, organized by Centre for Policy Analysis in New Delhi, its chairman S P Shukla spoke on agriculture and unemployment as the two major qualitative indicators of crisis in Indian economy. He said that poor and marginalized farmers “produce losses”, go into debt, and commit suicide to get out of it. Farmer suicides is a crisis in India, he said. Citing recent figures, he stated that 20 million women have involuntarily withdrawn from agriculture. The employment sector too shows signs of crisis in India.
Prabhat Patnaik, Courtesy:People's Democracy, October 3,2013
Yashwant Sinha, Finance Minister under the NDA government, was emphatic on television that the current economic crisis of the country, marked above all by a falling rupee, was because of the excessively large fiscal deficits that the government had run in the wake of the collapse of the housing bubble in the U.S. This explanation is shared by many, including the present Finance Minister and the officials in his ministry, since it conforms to the standard neo - liberal perspective, which holds that if a countr y has a yawning current account deficit on its balance of payments, and hence a declining currency, then the fault cannot lie either with the global capitalist system to which it is yoked, or with the mode of functioning of the markets; it must lie with th e State of the country in question. This strengthens the neo - liberal argument, that discretionary State intervention that goes against the conventional wisdom of financial markets must always be avoided. Let us examine this “fiscal profligacy” argument.
Newsclick India, September 30,2013
Speaking on Employment and Livelihoods at a Convention organised on “Idea of India : A People's Agenda” by the Centre for Policy Analysis, C Rammanohar Reddy from the Economic and Political Weekly examines the generation of high productivity employment in our country over the years. He says there is no connection between growth and development and growth has been non-inclusive. There is a high rate of educated unemployment in the country and the employment figures among youth are worrisome.
Newsclick Production, September 13, 2013
The transition that China has made from a largely rural and agrarian economy to an industrial society today, has, in its course, posed some major challenges for the Chinese society – in terms of costs borne by rural society and the environment. Prof Wen Tejun from Renmin University speaks to Newsclick on how these challenges are being viewed and tackled.
Prof Tejun says that the priority now is on the social and infrastructure construction in the countryside, and the Chinese government has spent 1.2 trillion dollars so far in this regard.
Newsclick Production, June 19, 2013
The Food Security Bill is seen as a quick fix to the problems of poverty in India. While there is no denial of a large mass of Indian people affected by hunger and malnutrition, there is a need to look into the provisions of the Bill and not just what it claims to do. Will it threaten the PDS? Will a few households be excluded from the new scheme? Newsclick discusses the defects in the Bill with Smita Gupta, Economist at the Institute of Human Development.
Newsclick Production, May 20, 2013
Newsclick discusses with Deepak Nayyar, eminent Economist, India's External Credit Balance Crisis. Nayyar says the situation is serious and we have the seeds of a macro-economic crisis in the external sector. The Current Account Deficit is at a level which is unsustainable. Financing it in the short term is no solution. He says unless there is a beginning to address the fundamentals in the external sector, the situation cannot be remedied. Talking about the export sector, Nayyar says, “ We have killed auto parts exports by entering into Free Trade Agreement with ASEAN and there are serious concerns on the FTA with the European Union.”
Newsclick Production, April 20, 2013
Newsclick discusses with Biswajit Dhar, Director General of Research and Information System for Developing Countries, the India – EU Free Trade Agreement and its fall-outs.
Dhar says the agriculture sector is going to be particularly affected by the dumping of highly subsidised agricultural products from the EU. Several sections like the automobile industry and the milk co-operative, Amul, have expressed concerns over the FTA. The entire negotiating process has been non-transparent. Even the Parliament of our country has not been taken into confidence. Addressing concerns like the Current Account Deficit actually get defeated by agreements like these FTAs. Dhar feels such policies will make India more import-dependent.
Subhanil Chowdhury, Newsclick, March 6, 2012