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

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Bread, But Roses Too

Live Working or Die Fighting: How the Working Class Went Global by Paul Mason

DAE`s Gambit

The Department of Atomic Energy has been vigorously trying to extract uranium from different ores across the country in the hope of feeding an expanded nuclear power programme. However, it faces resistance from local people wherever it wants to set up uranium mines. In Jharkhand, where mining is already taking place, there has been opposition in new areas where the DAE hopes to mine uranium.

A Global Battleground

a wider justice for folks still on the land."2 The flexibility brought by the new information and communications technology enhances the degree to which diversified and dispersed production forms can absorb new technologies and knowledge. In fact, even in industry it is now being argued that we are in an era when mass production is being replaced by 'flexible specialisation', corporate hierarchies arc proving ineffective and being 'flattened', and bureaucratic forms are giving way to more autonomous teams of workers. The household form (particularly once the heavy hand of patriarchy is overcome) in intensive smallholding agriculture proves to be a kind of paradigm of the new 'small is beautiful' model.

Not for the Love of Tribals...

by emigrants. A set of complex, interrelated factors must account for this, but no up to date, state-of-the-art analysis of this has appeared. Presumably the Planning Commission and the concerned ministries are seized of the problem. One critical question which must arise is whether the projected 6 per cent growth in the Eighth Plan will not be thwarted by exports failing to deliver the imports needed for this rate of growth. And if this is at all likely, what contingency plans can be devised which can be expeditiously put into operation? It may not be prudent to bank on a growing stream of non-resident deposits to meet a portion of the current account deficits. On this point the Annual Report of the Central Board of the RBI recognises how "the sustained and sizable inflow of funds" under the different accounts of non-resident deposits has facilitated the financing of the bop deficit (p 62), On p 71 it is stated, with some satisfaction, that these deficits have been financed from different sources on "reasonable" terms. While the cost of borrowing from the international institutions may not be large and bilateral aid may be, at. least nominally, low-cost (not so in reality if allowance is made for the particularly inflated prices at which imports under suppliers' credits, are acquired), would the rates of interest on these nonresident deposits qualify as being reasonable? Already perhaps the aggregate of these deposits, including accumulated interest, exceeds the total foreign exchange resources of India. The RBI Report places the country's debt service obligations at as high a level as 24 per cent of exports and gross invisible receipts in 1987-88. Tbday it is perhaps even more. But this excludes the outflows of profits earned by private foreign capital in India and royalties, technical fees, etc, and the growing but unseen accumulation of interest on non-resident deposits. We hope the authorities will correct us if we are mistaken.

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