In Focus by The Hindu

The Hindu
In Focus by The Hindu

A podcast from The Hindu that delves deep into current developments with subject experts, and brings in context, history, perspective and analysis.

  1. 2日前

    Why is this year's Nobel prize for Economic Sciences so controversial?

    This year’s Nobel Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson and James Robinson [AJR] for their work in understanding how good institutions play are essential role for a country’s prosperity. They explain how 'inclusive institutions' can help countries grow and create long-term benefits for everyone. They also explain how 'extractive institutions' provide short-term gains for the people in power.   In a press release announcing the winners of this year's Nobel Prize for Economic Science, the The Royal Swedish Academy of Sciences noted that societies changed when Europeans colonised large parts of the globe. "This was sometimes dramatic, but did not occur in the same way everywhere. In some places, the aim was to exploit the indigenous population and extract resources for the colonisers’ benefit. In others, the colonisers formed inclusive political and economic systems for the long-term benefit of European migrants," the press release says.  AJR's hypothesis explains the role of institutions in wealth creation why some former colonies are poor. However, their work has come under sharp criticism from several quarters for ignoring the effects colonisation had on the colonised countries and how many of these countries still reel under the effects of colonisation. Guest: Dr. Surbhi Kesar, a senior lecturer at the Department of Economics at School of Oriental and African Studies, University of London. Host: Nivedita. V Edited by Jude Weston

    32分
  2. 10月24日

    Why did the Supreme Court recall its order striking down provisions of the 2016 amendments to the Benami Act, 1988? | In Focus podcast

    Last week, the Supreme Court recalled its judgement of August 23, 2022, wherein it had struck down certain provisions of the Benami Transactions (Prohibition) Amendment Act of 2016. Through the 2016 Act, the government had amended the original legislation, the Prohibition of Benami Property Transactions Act, 1988. The 2016 law had expanded the original law from nine sections to 72 sections. In 2016, a three-judge Bench led by Chief Justice N.V. Ramana had declared as unconstitutional Sections 3 (2) and 5 of the 2016 Act. Section 3(2) mandates three years of imprisonment for those who had entered into benami transactions between September 5, 1988, and October 25, 2016—that is, a person could be jailed for a benami transaction done 28 years before the Section even came into existence. The other provision that was struck down, Section 5, states that “any property, which is subject matter of benami transaction, shall be liable to be confiscated by the Central Government.” What was the Supreme Court’s reasoning in its 2022 judgement when it struck down these provisions? What is the rationale for the Review Bench to recall the earlier order and refer the case for fresh adjudication? What is at stake for the general public in this case? Guest: Amit Pai, Advocate on Record at the Supreme Court of India. Host: G. Sampath, Social Affairs Editor, The Hindu. Edited by Sharmada Venkatasubramanian.

    27分

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A podcast from The Hindu that delves deep into current developments with subject experts, and brings in context, history, perspective and analysis.

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