MONTHLY REVIEW, Volume 69, Issue 09 (February 2018) (Grzegorz Konat is an economist at the Institute of Agricultural and Food Economics, National Research Institute, Warsaw, and a frequent contributor to the Polish edition of Le Monde diplomatique. John Bellamy Foster…
In hindsight, it seems like a scandal foretold. On July 26, 2016, an online complaint sent by the Bengaluru-based businessman Hari Prasad S.V. to the Prime Minister’s Office (PMO) stated: “I would like to bring to your notice a major…
The $2 billion fraud at Punjab National Bank (PNB) has shaken India’s financial sector. Here’s a timeline of t he development in the case A $2 billion fraud at India’s second-biggest state-run lender Punjab National Bank (PNB) has shaken the…
And so the hunt begins. A handful of bank officials who perpetrated the fraud at India’s second- largest public sector bank — leading to unauthorised issue of Letters of Undertaking (LoUs) to jeweller Nirav Modi’s firms — have been brought…
India’s burgeoning middle class Livemint Tue, Jan 23 2018 Recently, The Economist published a detailed briefing analysing the Indian middle class. As per our understanding, the author cites various data sources and studies to make one overarching point: any companies…
The Debate: Indian Middle Class At the World Economic Forum in Davos, the Indian Prime Minister Narendra Modi was welcomed by a big turnout at the plenary session and introduced by WEF founder, Klaus Schwab, as the leader of a…
This government is especially good at optics, at managing public perceptions to persuade people that it is working for them, rather than doing so. So it is no surprise that Arun Jaitley’s pre-election budget speech went on about how much…
Finance minister Arun Jaitley presented the union budget 2018-19 in Lok Sabha on February 1 as a budget for ‘generation of employment, health protection of country’s 50 crore vulnerable people and huge relief to farmers’. The opposition dubbed it as…
The Edit Budget is essentially a financial exercise with a little tinge of political messaging. The ritual this year was different. Finance Minister Arun Jaitley made captivating announcements with catchy slogans like “ease of living”, “minimum government and maximum governance”,…