Category: Economy
Economy, according to Karl Marx, is the base over which the superstructure of the modern society stands. Without a comprehensive and critical analysis of the economy, its peculiar itinerary and the major issues that block its way ahead, we won’t be in a position to resolve the political or other problems.
National Unemployment Day on Modi’s purported birthday on September 17th
Reading Time: 3 minutes Indian unemployed youth celebrated National Unemployment Day on Modi’s purported birthday on September 17th 2021 to highlight their agony but did Modi notice?
The enigma of 20.1% GDP growth in Q1 FY 2021-22 shows how common sense died
Reading Time: 3 minutes The BJP’s and the Modi regime’s amplified cacophony over the claim of 20.1% GDP growth in Q1 FY 2021-22 shows how propaganda is used to kill common sense.
Modi’s asset monetisation programme is catastrophic for the economy
Reading Time: 5 minutes Modi’s asset monetisation programme, the NMP is going to be catastrophic for the economy as public assets will be given out on long term lease at a low cost.
Who will benefit from Modi’s palm oil scheme?
Reading Time: 3 minutes The Modi government’s plan to expand the oil-palm plantation in India will threaten biodiversity and the environment. But who will profiteer from palm oil?
PSBs gift corporates freedom from debts worth Rs 4.37 trillion during 2018-20
Reading Time: 4 minutes India’s public sector banks collectively wrote-off Rs 4.37 trillion-worth non-performing assets between April 2018 and December 2020, benefitting corporates.
GIBA Bill 2021: general insurance privatisation a threat to India’s economy
Reading Time: 4 minutes Nirmala Sitharaman successfully passed the GIBA Bill 2021 to privatise nationalised general insurance companies. This will jeopardise India’s financial security
India’s economic liberalisation at 30: why Manmohan can’t escape crisis liability?
Reading Time: 5 minutes India’s economic liberalisation turned 30. Manmohan Singh expressed his apprehensions regarding the economy. But can he escape the liability of the crisis?
Indian Railways’ privatisation: Ashwini Vaishnaw to hasten the process
Reading Time: 6 minutes How Ashwini Vaishnaw’s inclusion as the Minister of Railways will boost the Indian Railways’ privatisation drive and fulfill Modi’s mission of selling it?
After chit fund scams, microfinance debt trap exploits Bengal villagers
Reading Time: 5 minutes The microfinance companies have trapped the poor villagers of West Bengal in their obnoxious debt trap as these people have no access to institutional credit.
Rakesh Jhunjhunwala, the share market’s prospects and IBC’s failure
Reading Time: 3 minutes Rakesh Jhunjhunwala asserted that investors shouldn’t be swayed by the inflation. Given the worsening NPA situation of the PSBs, can the markets stay safe?
What does the NSDL’s freezing of FPIs linked with the Adani Group imply?
Reading Time: 4 minutes The NSDL’s freezing of FPIs linked with the Adani Group has unearthed a can of worms, exposing crony-comprador capitalism’s unholy bond with fictious capital.
Unemployment crisis in India is rising while Modi regime cuts expenditures
Reading Time: 3 minutes As the unemployment crisis in India is rising, the Modi regime is cutting its expenditures below pre-COVID-19 years. Why this economic debauchery is allowed?
Contraction of the Indian economy: will FY 2021-22 bring any real change?
Reading Time: 4 minutes Has the contraction of the Indian economy stopped? Will India experience a double-digit economic growth from the FY 2021-22 onwards? Analysis shows the opposite
Adani’s wealth increase amid rising poverty reaffirms why capitalism is the pandemic
Reading Time: 3 minutes Gautam Adani’s wealth increase amid rising poverty and unemployment proved that the lockdown and the pandemic are actually beneficial for capitalists like him.
Keynesianism is unsustainable: a critical analysis
Reading Time: 3 minutes With the dislocation of the neoliberal normality by the COVID-19 pandemic, one has witnessed attempts by influential organisations and specific sections of the intellectual elite to resuscitate dormant ideas. Sudden […]
The COVID-19 second wave is another blow to the Indian economy
Reading Time: 3 minutes As the COVID-19 second wave is ravaging different parts of India, the Indian economy is slipping to the stage of coma due to mounting inflation and unemployment
Mounting sugarcane dues issue and the BJP’s complicity
Reading Time: 3 minutes While total sugarcane dues to farmers has reached Rs 229 billion in India, 60% of the amount is due to sugarcane farmers of BJP-ruled UP.
UFBU’s bank strike success shows employees’ anger against privatisation
Reading Time: 3 minutes UFBU’s two-day-long bank strike on March 15th and 16th 2021 showed the bank employees’ vehement opposition to Modi’s privatisation agenda
Does Adani’s wealth increase amid an economic crisis justify farmers’ allegation?
Reading Time: 3 minutes Adani’s wealth increase amid the pandemic and economic crisis has surprised many. However it proves what the farmers have been alleging.
Petroleum and LPG price rise to impact the poor and the economy severely
Reading Time: 3 minutes Regular petroleum and LPG price rise is going to have severe impacts on the lives of the poor and the Indian economy’s scope of recovery.