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.
FM Sitharaman’s fifth tranche announcements expose there wasn’t any stimulus package
Reading Time: 9 minutes Nirmala Sitharaman’s fifth tranche announcements regarding the Rs 20 trillion “stimulus package” exposed there was no relief plan at the first place.
Sitharaman’s fourth tranche unveiled the long-pending anti-people reforms
Reading Time: 7 minutes After beating around the bush, Nirmala Sitharaman’s fourth tranche of announcements revealed how the Modi regime is selling India to big mining giants.
Third tranche of Sitharaman’s COVID-19 package announcements poses threat to farm sector
Reading Time: 7 minutes The third tranche of Sitharaman’s COVID-19 package announcements not only avoided fiscal stimulus but also jeopardised India’s food security.
Sitharaman’s second set of announcements have no clear solution as well
Reading Time: 7 minutes Like her first set of announcements, Sitharaman’s second set of announcements regarding the much-hyped fiscal stimulus package was also utterly hollow.
Sitharaman’s announcements on day one peddled liquidity as fiscal stimulus to dupe people
Reading Time: 7 minutes Nirmala Sitharaman’s announcements, on the first day of the many days she will announce details of Modi’s Rs 20 billion-worth package, were simply hollow.
Part II: COVID-19, fictitious capital and financial crisis
Reading Time: 8 minutes The second part of the analysis of the COVID-19 pandemic, share buy back and fictitious capital: A capitalist effort to survive the financial crisis.
COVID-19, fictitious capital and financial crisis
Reading Time: 7 minutes The COVID-19 isn’t the cause of the quagmire in which capitalism is in at the moment. The pandemic only triggered what was inevitable. An in-depth analysis.
At the time of hunger, FCI’s surplus rice is converted to ethanol to make alcohol-based hand sanitisers
Reading Time: 4 minutes The Modi regime’s decision that the FCI’s surplus rice is converted to ethanol to make alcohol-based hand sanitisers is absolutely anti-poor and disastrous.
Farmers’ suffering due to lockdown intensify in UP due to lack of wheat MSP
Reading Time: 4 minutes In Uttar Pradesh the middle, small and marginal farmers’ suffering due to lockdown intensified as they don’t get MSP for wheat from private buyers.
Extension of the 21-day lockdown and an imminent food crisis
Reading Time: 3 minutes The extension of the 21-day lockdown in India must be done judiciously as there is a need to complete Rabi harvesting and prevent a major food crisis.
Inside Modi’s sham Rs 1.73 trillion COVID-19 economic relief package for poor
Reading Time: 11 minutes The COVID-19 economic relief package announced by Nirmala Sitharaman for the poor isn’t just inadequate, it’s farcical and a mockery of poor people’s agony.
Why Reliance and HDFC are having a good time during Coronavirus lockdown?
Reading Time: 3 minutes Why the markets were in a jubilant mood after Prime Minister Narendra Modi declared national lockdown? Why the shares of Reliance and HDFC are surging?
Understanding the economic repercussions of Coronavirus in India
Reading Time: 9 minutes What will be the economic repercussions of Coronavirus in India? Who will suffer the most and who will profiteer from the agony of millions?
SBI’s investment to save YES Bank sets dangerous precedence of corporate bail-out
Reading Time: 4 minutes The SBI’s investment to save YES Bank sets a dangerous bail-out precedence where public money will be used to catapult corporate entities in crisis.
Modi’s fake assertions won’t resolve India’s economic woes
Reading Time: 3 minutes Modi’s fake assertion about India becoming a $5 trillion economy by 2024-25 ignoring the vexing alarm of the crisis-ridden economy will worsen things.
Yes Bank crisis exposed how NPAs are hastening the fall of private banks too
Reading Time: 4 minutes The Yes Bank crisis that drove thousands to uncertainty, proved once more that the private sector banks aren’t immune from NPA-driven major financial crisis
The economics of communal violence: Understanding the Delhi pogrom
Reading Time: 5 minutes Communal violence is neither spontaneous nor unorganised. The economics of communal violence is little complicated to understand but we try to explain here.
The Jammu & Kashmir Police’s FIR against all social media users is Indian democracy’s nadir
Reading Time: 3 minutes The Jammu & Kashmir Police’s FIR against all social media users show how panicked the Indian state is and how’s it waging war against the common people.
Modi regime’s privatisation drive aims to jeopardise India’s future
Reading Time: 5 minutes Putting SAIL, LIC, BSNL, Air India, Indian Railways, etc, on sale, the Modi regime’s privatisation drive is taking Indian economy towards a catastrophe.
Nirmala Sitharaman’s Union Budget 2020-21 speech didn’t mention “unemployment”
Reading Time: 3 minutes Did you know that in Nirmala Sitharaman’s Union Budget 2020-21 speech, the term “unemployment” has been cunningly dropped and not used even for once?