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

From the Ivory Tower

From the Ivory Tower
Science, Progress and Posterity Arun Ghosh When new scientific advances are sought to be applied it is essential to take stock of their possible adverse effects and to evaluate who will gain and who...
Ferment in Eastern Europe Lessons for Leftists in India Arun Ghosh EASTERN Europe has been in the news of late. The events in Poland and Hungary have been historic to say the least. And now the...
Mystery of a Declining Capital-Output Ratio THE Planning Commission, or at any rate some responsible spokesmen of the commission, have for some time lost no opportunity to highlight in every forum...
Science, Technology and Self-Reliance Arun Ghosh The life story of Pandurang Khankhoje, whose researches yielded the revolution in wheat production in Mexico where he was director of agriculture but...
State of Union Message from RBI Arun Ghosh In its Annual Report RBI has drawn attention to the dangers facing the Indian economy. Where it has gone wrong is in understating the inherent fragility of...
Technology Missions versus People's Participation Arun Ghosh The latest manifestation of the government's obsessive reliance on technology is the announcement by the prime minister of the...
Musing on Run-Up to General Elections Arun Ghosh While Doordarshan mouths only the views of government spokesmen, most of our national news media reflect the views of one senior journalist or the...
Musings during a Debate on Panchayati Raj Pray do not sneer, hold back your frown, For every circus has its clown. You're all too serious, all too tense, But don't take leave of commonsense, What's...
Delhi, the Imperial City Arun Ghosh Unlike other towns and cities of this country Delhi does not have to worry about where the money for its civic amenities comes from. There are some 800 million...
A Plea for Open Government Case of Narmada Project Arun Ghosh OF late, the science of governance appears to be increasingly oriented to secrecy in regard to the functioning of government, and...
Arun Ghosh OVER the years, in diverse capacities in the union government, I have had occasions to amuse myself by penning lampoons on various facets of administration, during long, desultory...
The Panchayati Raj Bill Arun Ghosh While the motives of the government in precipitately introducing the Constitution (64th Amendment) Bill may be suspect and while some of the provisions of the bill...
National Accounts and the Flow of Funds Arun Ghosh The Flow of Funds Accounts of the Indian Economy published by the Reserve Bank is a useful and timely document bringing out Hie details of inter-...
Rowlands' Lonrho. The Al Fayed family of Egypt had been able to outbid him in buying Harrods in 1985. Inspectors appointed by the department of trade and industry had exposed the practice of "some...
Capital Stock, Capital Consumption and the Capital: Output Ratio Arun Ghosh CSO's New Series of national accounts attempts a switchover from deducting 'depreciation provision' from GDP to derive the...
tax will no longer be entirely additive to what accrues to the states from the divisible pool by way of their share from income tax revenue. If they try to collect some extra revenue from the...
The Economy and the Budget Arun Ghosh IT is obviously not possible to attempt a detailed analysis of the budget immediately after the broad outlines are revealed in the budget speech; one needs to...
West Bengal Landscapes: A Moraine on a Commuter Train Arun Ghosh An hour spent on the commuter train to and from Calcutta is an education. Apart from the travelling salesmen and the wandering...
Productivity and Efficiency Myth and the Reality Arun Ghosh The latest generation capital equipment and technology are not necessarily optimal for Indian conditions; what is important is the...
Decentralisation and District Government Arun Ghosh It would be most unfortunate if the Congress(l), relying on its numerical strength in parliament, were to ram through a constitutional amendment...
are of 'dubious origin', 'ruined and adventurous offshoots of the bourgeoisie', Vagabonds', 'discharged soldiers', 'discharged jailbirds', 'escaped galley slaves', 'swindlers', 'mountebanks', '...
Money Stock, Velocity and Monetary Savings Arun Ghosh It is a pity that even our monetary statistics
Some Thoughts on the History of Economic Thought Arun Ghosh When Adam delved and Eve span, Economics was unknown to man. For though there was a division of labour, 'twere for love not monetary...
of Tamil interests in Sri Lanka than the Tamils themselves was of little substantive significance. Even if the assumption was objective!) correct, it was atrocious to act in terms of that assumption...
District Planning: New Delhi Style Arun Ghosh The attempt to conduct district planning from New Delhi would be laughable were it not a sinister move to centralise all economic decision-making in the...
Management of Water Resources Arun Ghosh Soil management, water management and watershed development are essentially integrated operations wherein the co-operation of the local populace is an...
India' Response to Glasnost Arun Ghosh GLASNOST and perestroika are today household words among the educated elite in the west. Both ideas have also been commented upon extensively in India, so...
The facility of liberalised licensing and technology import policy has led to the proliferation of import-intensive production of a large number of elitist consumer goods, all based on an uneconomic...
According to press reports, the union government is about to spend a few hundred crore of rupees on the pretext. Money will be burnt with great eclat. Economists, fond of social cost-benefit...
and reaction, India will provide you with a natural habitat. The authorities have one great advantage; they are incapable of taking the long view. Once the message spreads that religious...
New Strategy for Rural Development THE Reserve Bank of India issued new guidelines to the chairmen of all nationalised banks in March 1988 in regard to bank lending in rural areas (see Reserve Bank...
Banking and Decentralisation Arun Ghosh The adoption in India of the US pattern of banking
'Supply Side Economics' Is India Ready for the Recipe? Arun Ghosh There are very clear dangers of over-emphasising supply side policies, especially when our infrastructure is still inadequate and...
Advocates of monetary targeting recommend demand management in tune with plan investments and planned growth, via control over the volume of credit to the private sector. The snag, however, lies in...
There has been an explosion in the number of institutions engaged in socio-economic research. Most of them are in receipt of significant funds from the government of India, and many of them from...
Hrinum Kritwa, Ghritam Pivet Arun Ghosh There is a real danger that in a few years the Indian economy would get deadlocked with large investment needs but without the requisite domestic savings and...
vanished. A seething wave of anger is gradually engulfing this huge multitude of denied and deprived humanity. The divide between the two Indias widens year by year. The bridges of mediation and...
The Plan versus Departmental Prerogatives Arun Ghosh THE planning commission is reported to have been described some time back by its own exalted chief as a pack of jokers. Over the years, there has...
the assumption. If the administration itself takes the lawless road, everyone else will. The sudden upsurge of tribal emotions in different parts of the country is another indication of how things...
a problem arose. The loyal landlord, the affluent businessman, the top civil servant, each learned how to adapt to the imperial mould, not so different from the old feudal one. What was called for...
Something more cogent than continuous depreciation of the value of the rupee is needed to get us out of the position of stagnant exports, a large trade deficit and the prospect of an even larger...
the constituents of the Hindu pantheon. The obscurantists whom the system has nurtured over the years want their Ambedkar only in distilled measures; they would love to admire the Hindu expansionist...
Planning has no relevance today except as an annual ritual within a five-yearly ritual. The government has no economic programme. It need not have one any longer, for the Doordarshan network is...
Apologists of government policies, both in the government and outside, have been saying that what the economy needs today is a consumption orientation which is likely to provide the required impetus...
see reason and observe the terms of the agreement, so he, president Jayewardene, was welcome to take whatever measures he chose to take. But, despite the opposition parties, with tails demurely...
The impressive growth of the Indian paper industry conceals that the industry has been a major contributor to the increasing denudation of our forest wealth; that it has also contributed heavily to...
Tyranny of Education System Arun Ghosh Our educationists have shown a singular lack of cohesive thinking when planning school and college curricula. Not only are teaching practices uninspiring but...
The union agriculture minister's recent admissions that the level of buffer stocks is far from comfortable runs counter to the prime minister's assurances. This is not only a confession of...
Drought: The Rajasthan Scenario Arun Ghosh Severe drought is stalking Rajasthan. Even if the food stocks with the government can avert famine deaths, the biggest problems are likely to be, first,...
Black Money and Its Impact on Savings and Investment Arun Ghosh The impression, shared even by experts, that the rate of unrecorded savings out of black income is higher than our recorded saving...
The monsoon threatens to be scanty or deficient over more than two-thirds of the sown area in the country this year and a massive Food for Work Programme may become necessary to safeguard the...
The larger aid promised by the Aid India Consortium for the current year at $ 5.4 billion contains seeds of serious problems in the future. Borrowing from abroad can be useful provided the imported...
Liberalisation, Competition and Import Policy Arun Ghosh IN a seminar on industrial policy, industrial performance of different industries, and the efficiency and impact of alternative growth...
The Budget, Inflation and All That Arun Ghosh ONE has to admit that although prices have generally been rising, there is no visible sign of pervasive inflation in the economy as yet. Budgetary...
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