Economy - Page 8 - Frontline

The former UPA government claimed to be a champion of social justice. In August 2005, barely two months after unleashing the Salwa Judum against Adivasis, it provided a rural employment guarantee under the National Rural Employment Guarantee Act.

The great inequality myth that rules India

For decades, policymakers and businessmen sold the hoax that making the rich richer would lift all boats. History proves them catastrophically wrong.

Job seekers at a Career Fair in Chennai in 2006.

India’s employment crisis: Jobless growth, threat of automation, and impact of climate change on productivity

Employment growth has stagnated at 2 per cent for two decades. Without reaching 4-5 per cent, absorbing surplus labour will be impossible.

Sujoy Chakravarty

Election 2024 — The Lede

India is haunted by an unprecedented economic deprivation

The situation, marked by widespread unemployment and inequality, calls for policy that improves the lives of the working people while taxing the rich.

Prabhat Patnaik

Long on rhetoric, short on practice: Modi government battling corruption

The government over 10 years has shown no evidence that petty corruption has abated. On the other hand, big-ticket corruption has risen.

Paranjoy Guha Thakurta

World Bank president Ajay Banga with treasury secretary Janet Yellen during the World Bank/IMF Spring Meetings at the World Bank headquarters in Washington on April 19.

Economic Perspectives

Banga hype at the Springs

While much fanfare surrounds Banga’s initiatives at the World Bank, a closer look reveals a concerning agenda to promote private finance interests.

C.P. Chandrasekhar

Inheritance taxes: A key step towards reducing economic inequality

Even as PM Modi communalises the debate on inheritance taxes, it is imperative that we understand what the tax implies and how it can help the nation.

Sum and Substance

Why India Inc aligns more visibly with the BJP government and its politics

Business elites believe that embracing majoritarian politics will yield substantial dividends—a misleading as well as myopic assumption.

Mitali Mukherjee

More stories from Economy

Untreated sewage is discharged from Thames Water Sewage Treatment Works near Chalgrove, UK.

Thames Water and the collapse of neoliberal privatisation

In the 1980s, the company’s privatisation signified a dramatic turn in economic policy due to neoliberalism.

C.P. Chandrasekhar

Prime Minister Narendra Modi’s calls for globalising the Indian rupee have led to confusion and market turmoil, raising concerns about regulatory risks.

A global rupee may sound nice, but look before you leap

Prime Minister Modi’s global ambitions for the rupee hit a snag as RBI’s revised currency trading rules created a totally avoidable market panic.

Mitali Mukherjee

Jagdeep Chhokar.

‘There is a lot still unaccounted for’: Jagdeep S. Chhokar

The founder of Association for Democratic Reforms concedes that the disclosure of the electoral bond scheme will not reduce election expenditure.

T.K. Rajalakshmi

Illustrations by Satish Acharya.

Electoral bonds: Why it is a giant scam

What the electoral bonds scheme has done is to ensure “ease of doing crony capitalism” and distort the market in a way that amplifies inequality.

Rashtriya Swayamsevak Sangh (RSS) Chief Mohan Bhagwat during the “Samaj Shakti Sangam” event in Ahmedabad on April 14, 2023.

The totalitarian project behind the electoral bonds scheme

Beyond trade-offs and extortion, the scheme goes to the very heart of the Sangh Parivar’s long-term goal of an ideological dictatorship.

Paranjoy Guha Thakurta,Abir Dasgupta

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