imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

CopWatch LA

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List





IMC Network: www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - js reader version - email this article - view hidden posts - tags and related articles

Intricacies of economic growth

by k.mohan Thursday, May. 15, 2014 at 12:23 AM
menonmohank@gmail.com

ECONOMIC GROWTH

K.Mohan chief economist stressed the need for sustainable development for alleviating poverty and generating employment. India need high rate of sustained growth to alleviating poverty, increase living standards and reduce differentiation to achieve this we need to look at overall growth with an eye on long term sustainability. He said, while focusing on sector which were employment intensive itwas necessary that it was equally important to lay stress on forward and backward linkages which were employment intensive


For development of the rural areas, he said the focus would be on farm productivity through strengthing of allied services, improving and expanding innovation networks and promoting market led crop demarcation The noted economist k.mohan has said that with neo liberal policies gaining ascendancy, Finance Commission Award are taking the nation towards economic Ballkanisation and to improve neo liberal economic policies of state govt. By making devolution of funds to states and their accepting the structural adjustment agenda the central govt was forcing them to improve their fiscal deficit and to improve the welfare of the masses and financial authority of the state govt. There is a fundamental difference between the Finance Commission of the Nehruvaian tones and that in the era of globalization. The Financial Commission was originally conceived as an arbiter for shaiting of financial resources between the states but in the present era of neoliberal economic policies it is being used by central govt as an instrument of coercion. Earlier the state was conceived as a champion of the nation as a whole but in the age of globalization the state has become a defender of international finance capital as against the interests of the poor. Mr.k.mohan said three main characteristics of neo liberal economic policies are reduction in the tax to GOP ratio reduction & increase in interest payments by the state. One computation had shown that of ht tax to GDP ratio was retained at the 1999 level, the central govt would have had Rs 30,000 crores in additional resources of the interest payments which could have been kept low. But by pursuing neoliberal policies the govt had brought methods such as disinvestment of its equities in public sector units and rolling back govt expenditure.
He said that by the end of the 1990s the centre began passing the burden of the crisis to the states by means of making transfer of funds conditional on acceptance and implementation of neo liberal economic policies and charging high interest rates from the states for funds tranferred as loans and assistance. When the states were reduced to penury they began to press the finance commission to set methods right. But what the 11th & 12th Finance Commissions had done was to insert on acceptance of condition lists for release of funds to them. The states are also new being asked to borrow funds directly from agencies. The states could do so only by pledging resources to global monopolies, trifurcation of the state electricity bodies,he added.
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Local News

The Eagle Rock Peace Vigil Marks 15 Years N27 11:23AM

12/2-3 LA Binational Conference To Cancel NAFTA and Unite Workers Of Mexico and the US N27 3:44AM

Winter 2017 National Immigrant Solidarity Network Monthly News Alert! N26 9:22PM

Nuclear Shutdown News November 2017 N26 4:23PM

Report Back on November 18th Counter Demonstration Against Anti-Muslim March N20 10:57AM

Report Back on November 18th Counter Demonstration Against Anti-Muslim March N19 7:12PM

National US Gov as wellas EPA slow to act on Abandoned uranium Mines Cleanup in Southwest N15 10:50AM

OUR HOUSE Grief Support Center Hosts 9th Annual Comedy Fundraiser N14 10:47AM

BUSTED: Watch LAPD cops plant drugs in black suspect’s wallet – unaware body cams were on N10 5:32PM

lapd shootings 1998 - 2015 N06 11:21PM

“Oh Say Can You See” How the LAPD Singing the National Anthem Cost the Dodgers WS Game 7? N03 7:30AM

Car drives into immigration protesters outside Rep. Ed Royce's office in Brea N02 2:06PM

PACIFICA RADIO BOARD SECRETLY OK'S BANKRUPTCY FILING & SEEKS NY SIGNAL SWAP O25 4:49PM

LAUSD, Privatization, Charters And The Fight To Defend Public Education Education Conferen O04 12:10PM

Afghan Women Read RAWA.org founded 1977 S27 9:42PM

[France] The State Attacks Indymedia-Grenoble and Indymedia-Nantes… Solidarity! S25 5:18PM

Segregation in the City of Angels: A 1939 Map of Housing Inequality in L.A. A15 7:44PM

Justice Dept. seeking info, IDs on 1.3M visitors to protest website DisruptJ20.org A15 1:04PM

San Francisco Rally Protests Hate Crimes in Charlottesville A14 5:38PM

New Google algorithm restricts access to left-wing, progressive web sites A02 1:52PM

Tracking Twenty Years of Stockton Killings by Law Enforcement A02 1:27PM

Garcetti Cronyism - Why and How to Ignore Your LA Dog License A01 5:05PM

Nation's Worst Meltdown Was In LA J31 4:54PM

As RV towing resumes in LA, officials say program won't 'target homeless' J31 1:15PM

Class War on the Waterfront: Longshore Workers Under Attack J21 10:18AM

Limits to Growth Published Forty Years Ago J18 5:15AM

More Local News...

Other/Breaking News

Paraphysique de la prohibition D16 2:14AM

Philippines: We condemn extension of Martial Law in Mindanao D14 9:37PM

The Shortwave Report 12/15/17 Listen Globally! D14 4:27PM

What the State Can Do D14 5:50AM

November 2017 Honduras Pre-Coup Repeat Update: Part 1 D14 5:23AM

Le système, ses agents, ses exécutants D13 11:49PM

Police problem officers D12 11:13AM

Masturbatorium de capitalisation D11 10:15PM

Palestinians, Beware Jewish Days of Rage, Hanukkah is Coming to Israel! D11 5:28PM

Asian Superstar's Book Finding Julia, Based on the Movie, Goes on Sale D11 11:16AM

I am the victim of murder for hire and need help to file a police report D11 12:29AM

Modus operandi de l'apocope D10 10:04PM

Archbishop and Evangelical Leader Tell Congress to Protect Puerto Rico in Tax Plans D08 9:51AM

Fbi is Gestapo D07 6:12PM

The Shortwave Report 12/08/17 Listen Globally! D07 5:10PM

Paraphysique de l'argutie D06 10:18PM

Holiday Tips for Grievers D06 1:27PM

Stand Against Reem's. Stand Against hate. Stand Against Violence D06 8:44AM

Base Erosion and Profit Shifting (BEPS) D06 7:53AM

Philippines - Why there is nothing Revolutionary about the call for a "Revolutionary Govt" D06 2:04AM

Historicisme d'hybridation D04 10:08PM

Real filthy fbi D03 7:30PM

People in Uproar in West Virginia-US Public lands Hearings 2017 D03 10:42AM

Le capital ou la société des inégalités D03 12:11AM

Stop Trump's tax plan D02 3:10PM

Government Regimes Are On A Global Kill Spree D01 8:29PM

Global High Crimes By Government D01 7:47PM

The Right to the City and the Greed of the Rich D01 3:32AM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy