Articles by Anant R S Phadke

Development Anant R S Phadke It is time that the Left addressed itself to reshaping its politics around a hegemonistic programme of sustainable people-based development. The recently-concluded 'vidnyan yatra' through 10 villages on the banks of the Krishna river set out to initiate such MUKTI SANGHARSH, a group well known Tor its anti-drought movement in the eastern part or the Sangli district in Maharashtra and for its tiny 'Baliraja' dam with its principle of equal distribution of water and an experiment in sustainable agriculture, has now taken up the issue of degradation of agriculture and social life in the irrigated part of the Sangti district. A beginning has been made by organising a 'vidnyan yatra' in 10 selected villages on the banks of Krishna river on the issue of sustainable agricultural development as an alternative to the current green revolution strategy.

the conduct of the institutions and the nominee directors in the L A T affair. However, he should be concerned with an objective evaluation of their performance. It is not enough that the financial institutions' loan sanctions have increased more than six times within a decade Ever larger outlays on gigantic projects have become a national obsession. The institutions pursue with single-minded devotion the cult of wasteful expenditure which makes a mockery of the central concepts of planned development

Most reformers have come to doubt these hypotheses and suggest instead competitive markets in land and capital which they believe will ensure a more rational use of fixed assets for most of the economy. The extension of markets from products to factors naturally implies a considerable level of privatisation and this is again a problem which reformers in Poland and Hungary seem aware of. The low credibility of central control over investment and current output decisions has clearly influenced reformers to make a case for such an extension. Among other consequences, this has prompted reformers to explore better means to motivate producers to make optimum use of fixed assets by linking rewards to the earning power of the assets they manage. The establishment of a capital market is one such option which many reformers hope will help in releasing competitive pressures which the earlier reforms failed to generate.