ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Statement of Social Scientists

We, as social scientists, scholars, teachers and concerned citizens, feel extremely concerned about the lynching at Dadri, and the murders of scholars and thinkers like M M Kalaburgi, Narendra Dabholkar, Govind Pansare and others, and wish to register our strong protest. We are not just shocked by...


In the appreciation of Nirmal Chandra (EPW, 10 May 2014), we wrote that, K T Chandy, the fi rst director of the Indian Institute of Management Calcutta (IIMC) brought together in the 1960s some bright and heterogeneous scholars, among whom Nirmal Chandra was one. We also mentioned that Ishwar...

Nirmal Chandra (1936-2014)

Two tributes to the life and work of Nirmal Kumar Chandra, the Kolkata-based multifaceted scholar.

Death in Police Custody

We have watched with disgust and horror the brutal police assault on students during a peaceful demonstration organised by four Left students’ organisations on 2 April 2013 in Kolkata and the subsequent death of Sudipta Gupta, a participant in the demonstration, while in police custody. Sudipta was...

Risk, Regulation and Competition: A Different View on the Jalan Committee Report

Contrary to Rajesh Chakrabarti's assessment of the Jalan Committee Report on the key issue of systemic stability (EPW, 8 January 2011), this comment critiques some of the report's recommendations by discussing the JCR on the types of regulatory and market structures, and the nature of competition.

Some Explorations into India's Post-Independence Growth Process, 1950/51-2002/03: The Demand Side

Aggregate demand growth in India during 1950-51 to 2002-03 has been consumption-driven at the margin, with the relative contribution of consumption having risen in the high growth phase covering the period 1980-81 to 2002-03. In this phase, consumption growth accelerated and the gap between rates of growth of investment and consumption narrowed substantially. Further, in this high growth phase, aggregate demand growth was consumption-driven not because of increases in the private final consumption expenditure ratio but because of increases in the government final consumption expenditure ratio.

Political Economy of Agrarian Transformation

The success of the West Bengal government's strategy in Singur in the sense of generating non-farm industrial employment may not be successful anywhere else. True success depends on the ability to absorb surplus labour in those parts of the state where agriculture still accounts for 50 per cent or more of the labour force with low levels of education, where the bulk of the peasants affected by acquisition would be those with livelihoods at stake.

Social Inequality, Labour Market Dynamics and Reservation

This paper brings two new elements to the debate around expanding reservation in centres of excellence in higher education. First, it separately estimates upper caste Hindu profiles in education (dropout and completion rates), employment and relative incomes and establishes that UCHs are significantly better off in all these parameters than scheduled tribes, scheduled castes and other backward classes. It also establishes that in urban India, ST, SC and OBC have very similar profiles and are at a great distance from the UCHs. In rural India, OBCs are situated in the middle - between ST and SCs on the one hand and UCHs on the other - but again at a significant distance from the latter. Second, it links this privileged positioning of UCHs with changing labour market dynamics in the 1990s and suggests that as a result these castes dominate access to the best jobs in the urban economy. Access to high quality tertiary education has then become key to accessing the most dynamic segment of a decelerating labour market. It uses evidence from both of these to intervene in the current debate around expanding reservations to OBCs in public institutions of higher learning and argues that the above make expanding reservation imperative

FEMA A Closer Look

Biswajit Dhar Mritiunjoy Mohanty The Foreign Exchange Management Act (FEMA) represents major departures from past policies in two important respects. First, it can he seen as an initial step towards capital account convertibility. Second, the government seems to have finally decided to give up alt intentions of regulating foreign capital in the country.

Strategies for Solution of Debt Crisis-An Overview

Strategies for Solution of Debt Crisis An Overview Mritiunjoy Mohanty This paper, focusing largely on the Latin A mehcan experience, seeks to analyse, from a systemic viewpoint, the various solutions that have been tried in the effort to defuse the debt crisis, ft examines the nature of the solutions, their stated rationale, success or failure as well as the impact on debtor economies, besides also seeking to explain the underlying systemic tendencies which required the kind of response that the debt crisis has elicited so far. The attempt is to analyse the crisis within the explicit framework of an unequal but interdependent world and how both these aspects have affected the process of resolving the crisis.
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