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

Policy Watch

Specials
Back to Reforms JM The nation has so far avoided the devaluation-inflation- devaluation spiral that has wrecked Latin American economies. But the unimaginative policies being pursued since July 1991...
All Arithmetic, Little Economics JM What stands out in the government of India's memorandum of economic policies for 1992-93 submitted to the IMF is the absence of imagination and creativity in the...
Economic Liberalisation and Employment Will Enterprise Work? J M In the brave new world of liberalisation and globalisation, a large part of a whole generation faces a medium-term future without...
Banks, the Stock Market, and Making Money J M Even a cursory assessment of the stock market-cum-banks scam should reveal that the problem is systemic and structural, that just making scapegoats of...
black is the description of the lowliest of the genus, the sudras. The rules of the caste game are well known: the kshatriyas and the vatoyas aspire to break into the occlusive fold of the brahmin...
The 1992-93 Budget, which has been greeted by the media with near euphoria, is probably the most irresponsible budget ever presented in independent India. And this stupendous free lunch is offered...
An Alternative Economic Survey JM IT is customary just before the budget to survey the economic events of the preceding year, and juxtapose claims made with the actual outcome. The official Economic...
Industrial Exit: Red Herrings and Real Options JM THE failure so far to announce a policy on industrial exit is probably one of the most significant lacunae in government policy-making today. When...
Dunkel has produced a draft which cleverly attempts to narrow OECD opposition by being less than generous to the US vis-a-vis European farm subsidies, but balancing this by being overly generous to...
The recommendations of the Committee on the Financial System reflect partly the infectious 'mantras' of competition and globalisation; but even more they reflect the biases of those who are urban,...
IMF Stand-By Loan Conditions It is only to be hoped that in the next few months the government does not scramble to achieve the targets laid down by the IMF without reference to how this would...
Confusion in Trade Policy JM After less than six months in office, utter confusion seems to mark the government's policies in regard to crucial sectors of the economy. And nowhere is this chaos more...

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