Economics

Farmers Suicide in India – A Continuum of Neo-Liberal Policies : Part-2

Farmers Suicide in India – A Continuum of Neo-Liberal Policies : Part-2

Written by : Srijan Das Photo : shutterstock.com The central government had released model farming acts in 2017. The Standing Committee on Agriculture (2018-19), however, noted that a number of the reforms suggested in the model acts had not been implemented by the states. In particular, the Committee found that the laws that regulated Indian agricultural markets were not being implemented fairly and honestly or serving their purpose. Centralization was thought to be reducing competition and (accordingly) participation, with undue commissions, market fees, and monopoly of associations damaging the agricultural sector. A committee consisting of seven chief ministers was set…
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Farmers Suicide in India – A Continuum of Neo-Liberal Policies and Remedies : Part -1

Farmers Suicide in India – A Continuum of Neo-Liberal Policies and Remedies : Part -1

Written by : Srijan Das Photo : shutterstock.com While India's GDP contracts 23.9% in April-June quarter due to lockdown and linked to negative effects from some of the economic policies adopted in past years, the manufacturing sector recorded a drop of 39.3 percent from a growth of 3 percent last year and the mining sector shrank by 23.3 percent from a growth of 4.7 percent last year, whereas the agriculture sector stood out as a beacon of hope growing 3.4 percent in the first quarter of 2020-21 from 3 percent last year. Initiating a process of introspection With each passing…
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Independent India? : Time For Introspection

Independent India? : Time For Introspection

Written by : Pooja Sharma Photo credit : Shutterstock.com India had travelled a long way before we finally achieved independence. British had conquered India following the Battle of Plassey in 1757. The East India Company then ruled a more substantial part of India. The East India company invaded India and made it a colony with the aim of profit-making and exploitation. The approach adopted by the British to rule India was ruthless and unregulated. However, the British India company got dissolved in 1874. The power went from company to Crown. Even though the Crown was based on utilitarian principles, it…
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COVID-19  Pandemic: Need To Revisit Economic Reform In India

COVID-19 Pandemic: Need To Revisit Economic Reform In India

Written by : Dr. Anjan Chakrabarti Co-authored by : Pooja Sharma Photo credit : Shutterstock.com The pandemic created by the outbreak of coronavirus or COVID-19 has shaken the world, which is unparalleled in the modern world. The US, Europe,got into a deep crisis that has threatened life and economy simultaneously and injected unprecedented uncertainty into the psyche of the capitalist economy. India also failed to remain insulated. However, the death toll remains much lower in comparison to the West. Unlike many countries, including Singapore and South Korea, India has opted for a nationwide lockdown, initially for 21 days, started at…
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COVID-19 Pandemic and India’s Recent Monetary Policy Intervention: A Reality Check

COVID-19 Pandemic and India’s Recent Monetary Policy Intervention: A Reality Check

Written by : Dr. Anjan Chakrabarti Associate Professor, UGC Human Resource Development Centre The University of Burdwan, West Bengal, India Photo credit : Shutterstock.com According to the latest figures published by John Hopkins University, 2,256,844 people have been under the tentacles of Coronavirus or COVID-19 with 154,350 deaths, and 571,851 people have recovered. Nearly 70 per cent of all fatalities occurred in Europe. In the US, there have been 712,184 cases with 32,823 deaths. In comparison, India, the world’s most populous country with 136 crore population, has so far reported 14,792 cases and 488 deaths. Unlike many countries, including Singapore…
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CAA – NRC : Struggling Economy and the Unconstitutional Dream of Creating a Hindu Nation

CAA – NRC : Struggling Economy and the Unconstitutional Dream of Creating a Hindu Nation

Written By: Dr. Trina Biswas Department of Agricultural Economics & Agribusiness Louisiana State University, Baton Rouge, Louisiana, USA Photo Credit: shutterstock.com Let me make it clear, this time I want to be on the right side of history. Nowadays so many netizenswould argue that you cannot protest about this incident today since you did not protest about something that happened in 1450 BC, you cannot take the side of that group when you didn’t say anything while the other group was suffering. Yes, I get it, I was wrong. I chose to be silent about something that happed long before…
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Amazon Rainforest: Is it only the Fire that we should be concerned about?

Amazon Rainforest: Is it only the Fire that we should be concerned about?

Written By: Dr. Trina Biswas Department of Agricultural Economics & Agribusiness Louisiana State University, Baton Rouge, Louisiana, USA Illustration: Suman Choudhury The Amazon River Basin, home to the largest rainforest on earthcovers roughly 40 percent of the South American continent. It encompasses areas in Brazil, Bolivia, Venezuela, Colombia, Ecuador, Peru, Guyana, Suriname, and French Guiana.Nearly two-thirds of amazon’s forest cover lies in Brazil. The Amazon rainforest has long been recognized as a warehouse of ecological services for the world. It is home to almost 10% of the world’s biodiversity and 30% of the world’s species. The rainforest is referred to…
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2019 World Economic Forum Annual Meeting: Tackling Climate Change

2019 World Economic Forum Annual Meeting: Tackling Climate Change

Written By: Dr. Trina Biswas Department of Agricultural Economics & Agribusiness Louisiana State University, Baton Rouge, Louisiana, USA Photo Credit: shutterstock.com Around 3000 world leaders including 250 high ranking politicians from G20 countries and 1000 business leaders gathered in the Alpine town of Davos, Switzerland from January 22-25 for 2019 annual meeting of the World Economic Forum’s (WEF). Top leaders from different aspects of life including academics, politicians, civilians, business leaders engaged in global dialogues to shape global, industrial and regional agendas in the context of Fourth Industrial Revolution. Discussions ranged from challenges concerning income inequality to the future of…
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Viral Supermarket Advertisement May Have a Backstory in U.K.-Malaysian Politics

Viral Supermarket Advertisement May Have a Backstory in U.K.-Malaysian Politics

Written By: Maria Lazgin Ciercielli Paris, France Photo: Shutterstock Iceland Foods, a U.K. supermarket chain, released a controversial Christmas advertisement in the beginning of November 2018. The title, “Say Hello to Rang-tan”, reveals the heart of the content: the fatal effects of palm oil production on orangutans in South-east Asia. Formatted as a cartoon, the advertisement features the friendship of a young girl and a baby orangutan, and it reveals the truth about the destruction that comes from palm oil production. In response to the rising deaths of orangutans, as well as the deforestation and global climate change, Iceland Foods…
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Climate Change Hunger: Facts and Figures

Climate Change Hunger: Facts and Figures

Written by : Dr. Trina Biswas Department of Agricultural Economics & Agribusiness, Louisiana State University, Baton Rouge, Louisiana, USA, Photo : Pream Singh After a steady decline in the number of hungry people in the last two decades, the number of people who go to sleep hungry at night is on the rise again. There were over 200 million fewer hungry people in 2015 (790.7 million) as compared to 1990-92 (991 million) largely due to Sustainable Development Goals adopted by the global community.However, according to the United Nations (FAO), the number of people suffering from chronic hunger increased in 2016.…
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