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

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First Priority: Guarantee Employment and the Right to Information

It is a misfortune for both the theory and practice of economic policy in India that we have not yet worked out a coherent scheme about how to take advantage of an expanding domestic market involving the poor and the marginalised in this era of globalisation. The expansion in purchasing power can come from public works financed initially, if necessary, through deficits of central and state budgets. The panchayats must have the full financial authority to design and implement these projects. Transparency and the right to information at all levels would be the mechanism through which our political democracy is brought closer to our as yet grossly distorted economic democracy.

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