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Showing posts from September, 2016

Some A(-musings) on BRICS and its Bank

The weekly digest on this Monday is postponed by at least three days, for this would be a recap of the event held on 14th September 2016 at the Constitution Club of India, where PFPAC launched its publication titled "Unfolding Crisis: The Case of Rising NPAs and Sinking Public Accountability" followed by a Panel Discussion. The delay is on account of gathering media reports and importantly editing the video, the link to which would be provided on the digest. Requesting you to follow the blogand facebook.  
In the meanwhile, since the BRICS Summit is round the corner, and Goa is hosting it, we have decided to bring the NDB on radar with the concomitant hullabulla. On the first rung, I am reproducing an article that was written as an editorial for Vasudha Foundation(here is the pdf under publications) at a time when I was in between jobs a little less than an year ago. So, tenses are bound to be anachronistic, for a lot of water has flown under the bridge you name, but my cynic…

Unfolding Crisis: The Case of Rising NPAs and Sinking Public Accountability

Public Finance Public Accountability Collective (PFPAC) released its first publication titled, "Unfolding Crisis: The Case of Rising NPAs and Sinking Public Accountability" on 14th  September, 2016 at Constitution Club, New Delhi. 

Download @ Unfolding Crisis: The Case of Rising NPAs and Sinking Public Accountability
For ordering hard copies of the report, please drop a mail to: Himanshu Damle

Weekly Digest 6 September - 12 September 2016. “Unfolding Crisis – The Case of Rising NPAs and Sinking Public Accountability” Report Release and Panel Discussion on 14th September '16 at Constitution Club of India at 3 p.m.

Public Finance Public Accountability Collective (PFPAC) WeeklyDigest (6 September - 12 September 2016)​ 
This isn't the normal weekly digest that makes an entry in your inbox every Monday at 9 am (Well, almost every Monday). This isn't with an acerbic introduction slamming the left for its poverty of ideas and the right for its general-overall poverty, albeit in a sarcasm-coated jargon. This also isn't the one where the week-gone-by builds a platform to highlight the melodrama nationally or internationally, though subject matter for such is always in plenty floating the web. Finally, this also isn't the one where sections package stories laced in ruling dispensation's rhetoric to which vast swathes of citizenry exclaim in awe (/fulness, /someness) and carry on with their lives disbelieving in policy frameworks' inside-outsidedness, or upside-downsidedness. BUT, this is with an interest. PFPAC has shown perseverance and all along has been amply encouraged by…

Report release and Panel discussion. “Unfolding Crisis – The Case of Rising NPAs and Sinking Public Accountability” at Constitution Club of India in New Delhi at 3:00 p.m. on 14th September, 2016

Public Finance Public Accountability Collective (PFPAC)
cordially invites you to attend the formal release of its first publication 
Unfolding Crisis – The Case of Rising NPAs and Sinking Public Accountability” 
Constitution Club of India in New Delhi at 3:00 p.m. on 14th September, 2016

Additionally, PFPAC will be organising a panel discussion to analyse the intricacies of Non-Performing Assets (NPAs) with a panel consisting of notable people from across the social, political, economic and financial spectrum:
•Mr. C.H. Venkatachalam – General Secretary of the All India Bank Employees Association (AIBEA)
•Dr. C.P. Chandrasekhar – Professor at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University
•Dr. Indira Rajaraman – Former Member of the 13th Finance Commission; Former Professor at Indian Institute of Management (Bangalore); and Former Member of Central Board of Directors, Reserve Bank of India
•Dr. Mohan Guruswamy –Chairman, Centre for Pol…

Weekly Digest (Economics, Finance and Banking) 30 August - 5 September 2016

In my cynicism  I worry that communism might be realized in a more perverse way than Marx ever anticipated. What if, at the point where full automation is achieved, the owners of capital decide to pool their assets together into a grand, stateless commonwealth of former-capitalists (perhaps not out of humanitarian altruism, but instead due to a self-interested recognition of certain flaws of commodity production such as business cycles, falling rates of value profit, and overall insecurity)…BUT not before first deciding to starve out and/or kill off the now-obsolete wage-workers?  Technically, that would usher in a classless, stateless society, and it would be one with an immediate increase in per-capita use-values for the (former-capitalist) comrades of the new communist utopia compared to the one where the former-capitalists had to share the automated output with the former wage-workers. Might not capitalists have every incentive and every capability to achieve something like t…