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

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Fifteenth Finance Commission Recommendations

While trying to balance the competing demands from the union and the states, the Fifteenth Finance Commission has done a commendable job, but has also sacrificed objectivity at times.

Environmental Accounting in India

Does the present income accounting system represent the real value of the wealth of the economy? If not, how do we evaluate the performance economy? How can the present evaluation method accommodate different aspects of the economy, society, and the environment? If these aspects are not considered in the evaluation process, can it be justified socially or environmentally? In this paper, we discuss the limitations of conventional income accounting, recent developments in environmental accounting at the international level, the progress and challenges of environmental accounting in India, and the way forward.

The Cultural Commons

This article explores the ways in which a background of non-discursive practices that are properly describable as a “cultural commons” underlie the very possibility of law and norm in the governance of a social group. This effi cacy of these practices provides conceptual sources for a recovery of other forms of the common, such as the land or the environmental commons. The idea of a cultural commons is a distinctive ideal that stands apart from other political and moral ideals, such as liberty, equality, and fraternity. It stands apart from ideals of trust and cooperation. The article specifi es how it is related to these, and to other fundamental institutions of modernity, such as capital and the state. As such, it cannot be inserted into constitutions, or directly be the goal of politics. It is a non-optional and non-cancellable ideal, that might be identifi ed with what Marx called “unalienated” life.

Beyond the Limits to Growth

Entropy Law, Sustainability, and Third Industrial Revolution by Ramprasad Sengupta, Oxford University Press, 2020; pp 296 , ₹ 1,295 (hardcover).

A Critical Budget

The Budget for 2001-2002 was particularly critical in view of the quite dismal picture of the economy painted in the government's own Economic Survey. It was important for the government to give policy directions through the budget in order that the economy can meet the challenges that it faces in the integrating world economy. How far has this been done?
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