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Monday, November 09, 2015

Economic and Political Weekly: Table of Contents

Tightening Global Trade Rules

The United States wants to impose its rules on much of the world through the Trans-Pacific Partnership.

A Room of One's Own

The 2005 cut-off on Hindu women's claims to ancestral property restricts their rights further.
Comment
India's meddling has not helped the Madhesi cause, only stoked Nepali chauvinism.
H T Parekh Finance Column
International capital flows come in only two modes: feast or famine. The policy response to both situations has been primarily via exchange and capital controls--both have their consequences. Macro-prudential tools may represent a more flexible,...
Margin Speak
By returning their awards writers and artists have taken an important step to fight growing fascism in the country. The present regime does not know how to respond to it but beyond a point it is futile to try and shame the shameless.
Commentary
Using studies by influential think tanks in the US, commentators in India have sought to argue that India will face adverse consequences by staying out of the Trans-Pacific Partnership, the mega trade agreement concluded recently. While these...
Commentary
There are a large number of inadequacies in the prevailing India-Nepal transit treaty. Issues with regard to documentation requirements, trans-shipment procedures, sensitive items, arbitrary bank guarantees, and poor infrastructure have resulted...
Commentary
The platform known as the JAM Trinity (an acronym for Jan Dhan Yojana, Aadhaar and mobile numbers) may enable a shift from the current Public Distribution System, based on price subsidies, to the direct transfer of benefits. However, it is...
Commentary
As Myanmar prepares for its third elections under its third constitution in 67 years, this article looks at the evolution of its electoral practices and its constitutions. The complex rules and seat allocation in parliament make it very difficult...
Commentary
India has a rapidly expanding healthcare industry with private hospitals proliferating in every big city. The health industry is expected to reach nearly $200 billion by 2020. This article talks about the author's experience of working within...
Book Reviews
Pathways to Industrialization in the Twentyfirst Century: New Challenges and Emerging Paradigms edited by Adam Szirmai, Wim Naudé and Ludovico Alcorta, UNU-WIDER Studies in Development Economics, Oxford: Oxford University Press,...
Book Reviews
The Hollow Colossus by Charles Andrews, Oakland: Needle Press, 2015; pp 210, Rs 742.
Insight
This article is a (less than comprehensive) critique of the World Bank's latest estimates of global poverty and projections thereof. It argues that the Bank's approach to poverty measurement is conceptually flawed, and that the results,...
Special Articles
In the new National Accounts Statistics, the absolute size of the gross domestic product for 2011-12 is smaller by 2.3% compared to the old series; but the private corporate sector's size is larger by 43%; and, its GDP share higher by 11...
Special Articles
This study, using health, empowerment and labour market metrics, reviews gender inequality and gender-based crimes in India at the subnational level. The findings show that gender-based crime rates have grown while general crime rates have...
Special Articles
Despite favourable policy measures, growth of financial institutions and public interventions in the marketing of agricultural produce, the structure of Punjab's agricultural economy makes farmers dependent on commission agents. These agents trap...
Discussion
The history of caste is not the history of saints and sinners. Rather, it is the history of particular social relations--of production and property--and the specific historical context that gave rise to caste and the caste system and reproduced...
Postscript
The recent tendency of writers and artists returning awards in protest against ideological attacks on thinkers and scholars derives from the tradition of symbolic dissent.
Postscript
The attempt to ban the entry of women into the famous Haji Ali Dargah in Mumbai is an irrationality shaped by regressive minds—and an insult to a liberating religious tradition.
Postscript
(Also for P Murugan)
You see, some people are afraid
of light
(...
Postscript
The Conjurer’s Revenge Redux
(Following Stephen Leacock, Professor of Political Economy, late of McGill University, Canada)
Note: This is Toothcomber’s valedictory piece: with this, the column winds up.

Are you ready to crack CAT?

Building concepts and optimising test performance should be the two objectives of preparation.

With less than a month to go for CAT 2015, the question on most student’s minds is “What should I do between now and the exam to be able to crack it?” Right up there on the to-do list is checking your familiarity with the online test format. If you have not given enough mock CATs, you have to get familiar immediately. At the fag end, your preparation necessarily needs to cater to two objectives: Building concepts and optimising test performance.
Methods for building concepts

Conceptual clarity would have implications for performance during the tests by way of question selection, accuracy, time-per-question and so on.
Reading comprehension

Reading newspapers, especially editorials, over the next few weeks.
Categorise the different types of questions. For example (a) critical reasoning, (b) specific questions, (c) vocabulary-based questions and so on.
The key skill to doing well in the language section is to read carefully, get into the meaning of the sentences – understand what is implied and what is not.
Practise critical reasoning.
Verbal Ability

Each question type in VA is governed by a set of specific rules. Have a list of these rules for each question type. Use it.
Data interpretation and reasoning

Begin with a simple reference book for practising these areas.
For advanced questions, you could bank on the mocks you take.
Quantitative Ability (QA)

If your QA score is under the 80 percentile mark, begin with a basic book. Remember, there are many other MBA entrance exams that you are going to take towards the end of the year, and most of these ask much simpler questions in QA compared to CAT. So, hang on!
General Pointers

Observe your performance in mocks and segregate the topics into three areas:
(a) Topics where both your attempts and accuracy are high — you can bank on mocks for practice in these topics.
(b) Topics where your attempts are high but accuracy is low — you only need to solve high-difficulty exercises in these topics.
(c) Topics where you typically tend to skip questions — You should solve these chapters from the basics upward.
It is not necessary to study each area everyday, but try to revise about two or three areas everyday. You can take up one assignment, finish it and then get on with another.
The idea is that the overall balance should be maintained.
The scores in the mocks have a direct bearing on your self-confidence. Never leave a mock in the middle! Taking as many mock tests as possible, very close to the exam, is not the right way to go about it. A thorough analysis of the mocks taken so far will yield far better dividends than taking more such mocks now.
From all the mock papers, identify questions from a particular area and solve them. This is useful for solving questions of CAT level or above CAT level.
Do not expect miracles. Think things through.
Shut your mind and ears to rumour mills about the exam. Always remember — all that is in your control is to put up your best performance in the exam. Do not think of the cutoffs before or during the test, remember that they are fixed after the test.
If you have prepared for CAT earlier, begin with an analysis of your strong and weak areas. Spend the next few days working on your weak areas.
The strong areas do not take very long to prepare.
The author is director, T.I.M.E., Chennai.
Keywords: CAT 2016
Source: The Hindu, 9-11-2015

Battle for the idea of Bihar

Sunday’s verdict will not only decide which party forms the government in the State, but also influence the ideological direction India now takes.

At a girls’ inter-college in rural Vaishali, the students, largely first-generation learners, pelt me with questions, asking me in the same breath about possible career options and why people of different castes and communities can’t live together in peace. These girls — liberated by the bicycles and scholarships given by the Nitish Kumar government — can intuitively see the connection between social harmony and the fulfilment of their ambitions.
SMITA GUPTA
In Bihar, these girls, mostly from the Backward Classes (BCs) and Scheduled Castes, are by no means exceptions. Indeed, peaceful co-existence as a pre-condition for a good life is a subject that would recur in the many conversations I had across Bihar, even when I had not initiated the subject.
A young Muslim mother in Gaya district’s Barachatti assembly constituency said she was praying Nitish Kumar would return as Chief Minister, as she would then continue to live without fear and her children’s future would be assured. In Patna University’s political science department, M.A. students vehemently opposed all forms of social conservatism, including the attempt to impose dietary restrictions.
Battle for India

With growing intolerance casting its dark shadow over the country, the battle for Bihar has become as much about the idea of India as about caste and development, a point Rashtriya Janata Dal (RJD) supremo Lalu Prasad pressed home at every rally. “These elections are not about the future of Nitish, Lalu or Sonia Gandhi; it’s a battle for India,” he would thunder, adding, “This is not Haryana or Maharashtra (where the Bharatiya Janata Party won State elections last year); this is Bihar!”
Indeed, as I travelled though the State, it was hard to imagine that barely 16 months back, voters here had been seduced by Prime Minister Narendra Modi’s promise of an El Dorado. The excitement of impending change, visible in the run-up to the general elections in 2014, has been replaced by a mood of caution, a careful consideration of what an electoral choice would mean for the future of the State.
Nevertheless, it was evident that the BJP-led NDA, the principal challenger to the Mahagathbandhan, or Grand Alliance, had erred in making Mr. Modi the face of its campaign. In 2014, he was the leader who had transformed Gujarat; today, as the Prime Minister who has failed to create jobs, control soaring prices and check rising intolerance and communal tension, his electoral plank of parivartan (change) sounds hollow. In Bihar, oddly enough, it is Mr. Modi — not the teflon-coated Bihar Chief Minister Nitish Kumar — whose record is under scrutiny.
Even after a decade in power, Mr. Kumar has almost no critics, with criticism of his reunion with Mr. Prasad — dark forebodings of Jungle Raj Two — limited to the BJP and its core supporters. For Mr. Prasad’s followers, Jungle Raj is an euphemism for the Other Backward Classes (OBC)-led challenge to centuries of upper-caste dominance.
Sub-nationalist appeal

The lack of a local face to front the BJP’s battle for Bihar and the presence of a popular incumbent on the other side has also helped the Grand Alliance play the sub-nationalist card, possibly a first for the State, successfully, converting Mr. Modi’s jibe at Mr. Kumar’s DNA into an insult to Biharis. It has run like a leitmotif through the campaign with the Chief Minister asking at the end of each public meeting: “Whom do you want as your next CM, a Bihari or a bahari?” The audience would roar back: “Bihari!” It is this sub-nationalist thread, combined with the belief that social harmony is a necessary pre-condition for development, running through the campaign that has helped Messrs Kumar and Prasad to take the political battle beyond caste and development so that this election’s two keywords stand entwined in a socialist embrace. If the Gujarat model of development only chased growth, Mr. Kumar and Mr. Prasad are offering voters the idea that inclusive growth is impossible without social justice, communal harmony and freedom of choice — a view of the world that sits well with the State’s core liberal ethos.
In Bihar, social justice, or samajik nyaya, is shorthand for reservation that will ensure education and jobs for the BCs and Dalits, who together constitute around 70 per cent of the population. Add the OBC Muslims, who are in a majority in their own community and thus already enjoy the benefits of quotas, and you can understand why Rashtriya Swayamsevak Sangh chief Mohan Bhagwat’s call for a review of caste-based reservation (repeated twice during the polls) was so damaging for the BJP.
If the Grand Alliance started the campaign as an underdog, it began to increasingly look like a winner, largely because Mr. Kumar and Mr. Prasad buried the rivalries of the past and communicated enough positive energy to their party workers to ensure that a majority worked in sync through the campaign.
At Janata Dal (United) [JD(U)] and RJD offices across the State, a coherent storyline was offered to explain the last 25 years of Bihar’s history, dominated by the two men: in the first phase, Mr. Prasad awakened the OBCs and the Dalits to their rights and gave them a voice; in the second phase, Mr. Kumar delivered the fruits of development to these sections.
Neither the JD(U) nor the RJD has overplayed its leader’s achievements, both clear on what each brings to the table: the Chief Minister’s track record as “vikas purush” (development man) and the RJD supremo’s “janadhar” (people’s support), coalition sympathisers will tell you, make for an unbeatable combination. Mr. Prasad also makes it a point at each rally to announce that Mr. Kumar is the Grand Alliance’s chief ministerial candidate to counter the BJP’s efforts to create uncertainty in voters’ minds on that issue.
Synchronised campaign

Listening to the two men address separate rallies within a few hours of each other was like watching a perfectly timed double act: while one was sophisticated, cool, and above the fray, the other was overplaying the rustic, but galvanising the crowds; one was playing to the aspirational, the other to the pre-aspirational. Faced not just with the Grand Alliance’s cohesive campaign but with allies annoyed with posters that omitted to mention their names, and the BJP state unit unhappy with what one local leader described as “overcrowding by Delhi”, Mr. Modi changed his strategy post-Dussehra, to retrieve ground: he communalised the elections by suggesting that five per cent of the OBC quota would be sliced off for the Muslims in the hope that the Extremely Backward Classes would return to the NDA. Will that work?
On the shoulders of Bihar’s voters lies a large burden: for they will not just decide which political alliance will rule the eastern state for the next five years; they are likely to influence the ideological direction India takes after the votes are counted on November 8.
smita.g@thehindu.co.in
Source: The Hindu, 9-11-2015
Death on Immortality


In the Katha Upanishad, there is this story of a young boy's dialogue with death. Sage Vajasravasa performed a sacrificial rite that required him to give up all his possessions and pleasures. But he gifted away only diseased, old and lame cows. Sensing his folly , his young son Nachiketa asked him, “Father, to whom will you give me?“ Upon the son's persistence, the father lost patience and burst out, “I give you to death.“Nachiketa proceeded to the realm of death. But Yama, the king of death, was out. Upon returning after three days, he offered Nachiketa three boons.The boy first asked for his father's well-being. Second, he sought the knowledge required to perform fire sacrifice that could open up the path to heaven.
But Yama was taken aback at the third request: what happens after death. Upon being unable to dissuade the boy from his quest, Yama spoke to him of death and the metaphysical speculations on immortality .He dwelt on what's good, sreya, and what's pleasant, preya.Sreya implies whatever leads to true well-being, and preya includes short-lived pleasures derived through sense organs.
Yama instructed Nachiketa to know the atman, the self, “the ancient effulgent being, the indwelling spirit, deeply hidden in the lotus of the heart. It is difficult. But the wise, following the path of meditation, know him and are freed alike from pleasure and pain.“
The self is immortal. One who has realised that the self is separate from the body , the mind and the senses has fully known him and becomes immortal.