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

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After a district court in New York interpreted "pari passu" in a debt restructuring contract to mean all those who own Argentine defaulted debt, irrespective of whether they were the original...
An ongoing debate in India is whether or not Indian non-banking fi nancial companies (NBFCs) are “shadow banks”. This question appears important because we have learned from the ongoing global fi...
The Reserve Bank of India and the government are taking contradictory approaches on liquidity and interest rates. The one eases liquidity but keeps interest rates high, the other promotes debt-...
Most companies would think twice before operating at a debt to equity ratio (or leverage) of 2:1. Some capital-intensive businesses, such as shipping, opt for a ratio that is considered outlandish...
In August 2010, the then Union Finance Minister Pranab Mukherjee sought to cut the government’s stake in the State Bank of India (SBI) from 55% to 51% and push the bank to raise more capital from the...
Today it is the Brihanmumbai Municipal Corporation's decision to privatise its schools, tomorrow it may be the resolution of all the other municipalities of the country.
The Financial Sector Legislative Reforms Commission has exploited its ambiguous terms of reference to suggest a complete revamp of financial regulation. The recommendations, if accepted, would shift...
It is one thing to revere one's hero but quite another to consider him to be god. Following Ambedkar means being inspired by his vision of "liberty, equality and fraternity" and acting in accordance...
The manner in which Irom Sharmila's demand for the repeal of the draconian Armed Forces (Special Powers) Act has been handled by the Indian state is indicative of its intent to further narrow the...
Prakash Ambedkar's recent statements that the political reservations given to dalits (scheduled castes) and the requirement of mentioning caste in school leaving certifi cates should be done away...
Where to invest? Those with cash or charged with investing other peoples’ savings have had a serious headache over the past two years. The world is a deeply uncertain place right now. This normally...
Why is it that heinous crimes -including the rape and murder of Surekha and Priyanka Bhotmange in Khairlanji - against dalits have failed to provoke anger amongst the larger Indian public? Were they...
Questioning the thesis that foreign direct investment in retail will have a favourable effect on the fl edgling class of dalit entrepreneurs in India because processes of capitalist modernisation...
The financial crisis that erupted in 2007 and is still unfolding prompted a search for reforms that would make the global financial system safer. Several initiatives have emerged. They represent an...
Over the years, the ratings system and, therefore, the ratings fi rms have become a part of the regulatory framework in many countries which has given them enormous infl uence in the fi nancial...
Why does a Bangaru Laxman suffer prosecution for corruption but a Nitin Gadkari generally go scot-free? What of the part of caste in the play of corruption?
The drastic fall in Congress votes in Jangipur parliamentary seat - vacated by Pranab Mukherjee on becoming president and contested by his son Abhijit Mukherjee - cannot be a bellwether for the...
In the wake of 19 cases of gang-rapes of dalit girls in Haryana in just one month, and the utter callousness with which the state government has dealt with such criminality, the time has come for...
The Punjab government has fi led cases under the SC/ST (Prevention of Atrocities) Act against publishers and editors of poetry books written by a long dead poet for including inappropriate caste...
Do we have the intellectual resources to comprehend the transformations that are upon us, especially in our villages? A snapshot of a village in Karnataka illustrates the complex and contradictory...
The recent elections to urban local governments in Uttar Pradesh showed an astonishing increase in Muslim representation. In a state where they constitute 18% of the total population, Muslim...
The holding of an inane contest to determine the identity of the greatest Indian after Gandhi only served to devalue Ambedkar.
The Vickers Commission in the United Kingdom has advocated ring-fencing of core banking activities; the Volcker Rule in the United States prohibits banks from engaging in certain kinds of investment...
The Indian state now legitimises its violent suppression of just struggles by branding the participants of those campaigns "Maoists". The Maruti Suzuki workers of Manesar are thus the latest "Maoists...
Touted as the panacea for Delhi's drinking water problem, this dam can only be constructed by breaking a host of forest and environmental laws and riding roughshod over the livelihoods of farmers in...
The government and the Reserve Bank of India have taken a series of measures in recent weeks to attract a larger volume of foreign debt capital. These measures only increase the economy's dependence...
How would the victims of the atrocities perpetrated by the Ranvir Sena view the assassination of the sena's chief, Brahmeshwar Singh, alias Mukhiya?
The Trinamool Congress led by Mamata Banerjee came to power in West Bengal with a massive mandate and widespread support from all sections of the people. One year on, its report card is dismal and...
It has been a year since the United Democratic Front government took offi ce in Kerala. During this period communal forces have exercised their infl uence in government formation, and caste and...
If the government is really sincere about the Right to Education, it must put aside its neo-liberal obsession and launch a common school system for all children up to the age of 18.
In Karnataka, the Bharatiya Janata Party has been essentially thriving by working through caste - specifi cally on the consolidated support of upper caste Lingayats - and not on the basis of a...
While Mayawati is, all the way, a winner, the dalits have been the certain losers. The M?y? (illusion) of political power as the master key for their emancipation has proved to be a chimera.
When certain institutions of democracy start clashing with each other, an anti-democratic culture takes root and in the end it is the underprivileged who suffer. A recent example from Bengaluru.
agree to a fiscal pact in December 2011 India Dimmed and to support a Greek restructuring plan gave the European Central Bank (ECB) cover to ignore the intentions of its Avinash Persaud founding...
Ten years after the killings in Gujarat, Narendra Modi has neither expressed regret nor has he been held accountable for those mass deaths. Where do we go from here?
The public report of the investigation by the United Kingdom's Financial Services Authority into the failure and subsequent bailout of the Royal Bank of Scotland in 2008 highlights deficiencies in...
While Rahul Gandhi's attempt to reach out to the masses in Uttar Pradesh through a series of well-planned visits, dine-ins and stay-overs in its villages has often been derided, a visit to some of...
Arun Ferreira's illegal arrest and torture is a telling example of the unlawful conduct of the police. While he and a few thus jailed received media attention, there are many who are rotting in jails...
The decision to allow qualified foreign investors to invest in India's equity markets is a source of concern both for the kind of funds that will be attracted and what this says about the government'...
 Punjab: Family Business Daljit Ami With political parties nominating their candidates, the battle lines have been drawn for the upcoming assembly elections in Punjab. Apart from the traditional...
The AMRI crime is an example of how public safety is being repeatedly compromised. More specifically, it demonstrated the dismal trend of healthcare services being offered by "super specialty care"...
The occupation of the Indu Mills near Chaityabhoomi in Mumbai by dalit youth demanding that an Ambedkar memorial should come up there is a heartening development. In neo-liberal India, dalits are a...
Orissa is prone to natural disasters, especially floods. Yet, the authorities have not been able to draw up an effective disaster management plan and politicians continue to play politics with relief...
Why did the Occupy movement fail to take root in India? The basic reason is that the Indian middle class is so infused with the ideology of the caste system that it can never easily identify itself...
India does not suffer the euro-zone problem of a federal central bank with a restricted mandate. What India does have in common with Europe is capital-constrained banks stuffed full of government...
 Coastal Accumulation in Tamil Nadu Senthil Babu Seven years after the 2004 tsunami, with the coastal communities in Tamil Nadu yet to reconcile with its after-effects, another disaster is gradually...
The Supreme Court's order to assess and document the artefacts of the Sri Padmanabhaswamy Temple in Thiruvananthapuram is a move towards democratisation of knowledge of the treasure. Equally...
FROM THE STATES Migration, Money, Music Ratnakar Tripathy Jharkhand in 2000 that creates further complications for any calculation. Proxy Indicator Considering the general dearth of reliable or M...
The killing of six dalits at Paramakudi, 35 km from Ramanathapuram in Tamil Nadu, as a result of police firing and brutality on 11 September 2011 can be ascribed to Chief Minister Jayalalithaa's bid...
It is commendable that the Central Bureau of Investigation has been able to secure the convictions of 215 public servants for assault, including rape, of a community of 160 adivasis in Vachati...
 Taxing the Financial Sector Avinash Persaud On Wednesday, 28 September, the European Commission (EC) proposed a European Union (EU)-wide 0.1% tax on bond and equity transactions and 0.01% on...
Police and paramilitary forces who arrived in Dantewada following the Maoist-Salwa Judum conflict in 2005 often occupied school buildings. These schools came under Maoist attack, and were relocated...
Will the removal of the "forward" scheduled castes from the list of SC reservations benefit the "backward" SCs?
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