Tag: India

The Republic of India

After independence, colonial India was divided into two parts- the newly found India and Pakistan. Punjab and Bengal were sliced down into two— amid violence, riots, rape, and assaults on women, resulting in countless deaths. However, this is just a portion of the story’s larger picture, not all of it.

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The blunder of retrospective tax

The current crisis has hit the poor and corroded their savings. It is crucial to provide relief to the poor not only because of the intrinsic value of alleviating the effects of poverty but also because of their high spending propensity. A demand deficiency existed even before the COVID-19 pandemic which has only worsened.

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Indian and Chinese Economies Post-liberalisation

It is important to acknowledge that the works have limited scope as we embark on understanding the crucial differences. Many questions have remained unanswered in terms of why there is such a difference. The two subsequent works following Desai have probably intended to focus on “what” are the differences rather than “why”. In the case of Desai, the issue seems to have been taken up more broadly instead of reflecting on its complex character. For example, much less attention has been paid to the incentives that FDIs found in China as compared to India.

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The Recurring Floods in Bihar: Tragic and Traumatic

The frequent occurrence of floodings induces the victims to save more to sustain themselves in extreme emergencies and crises. Floods have become a costly affair for the survivors in the long term as well. Sentiments of savings induce the demand to fall. The falling of demand pulls employment opportunities back, leaving the residents, who are also the survivors, to work in meager conditions. These crises also take away the lives of the laborers in these regions causing a fall in the labor supply, which induces a fall in the supply of goods and services.

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India’s Economic Growth in the 1980s

The 1980s was a decade where Indira Gandhi and Rajiv Gandhi shifted the Indian economy to function on the economic principles of the Asian Tigers, which are based on the pro-business model, affecting investment, productivity and privatization. In the pre-1980 Indira Gandhi’s anti-poverty policies were strenuous to practically implement in India.

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Indian Economy and COVID-19’s second wave

Although the vaccination effort is being sped up, it may not be enough to prevent a third wave as the shortage of vaccines themselves remains an issue. Despite halting all vaccine exports since April and reporting record-high numbers of vaccines administered in a day on June 24th (8.616 million), India is still behind on its goals and may have to deal with a deadly third wave.

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Why do we delay thinking about the environment?

Another reason for our lackadaisical attitude is the tendency to discount the future. Social discount. There are two broad reasons why the future is discounted. The first one is the assumption that societies will grow wealthy over time and therefore a dollar today is worth more than a dollar in the future. But this assumption is flawed because of suggesting evidence that climate change will actually make future generations worse off than we are today.

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Criminalization of Indian politics

The Election Commission of India should frame strict guidelines for any candidate with criminal antecedent participating in any election. Decriminalization of Indian politics cannot be done by the Supreme court alone. Until and unless the state machinery and government join hands with the court to fight against this, the issue will prevail.

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