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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.

To safeguard the poor, India needs a progressive taxation system

To safeguard the poor, India needs a progressive taxation system

Reading Time: 8 minutes Prime Minister Narendra Modi revealed a truth unintentionally for the first time during his long but well-articulated speech on how Indians fought against Coronavirus (COVID-19). He confessed that 800m Indians […]

Wed, Jul 08 2020Wed, Jul 08 2020 Sankha Subhra Biswas Economy
Privatisation: A doomed attempt to provide oxygen to crisis-ridden capitalism

Privatisation: A doomed attempt to provide oxygen to crisis-ridden capitalism

Reading Time: 5 minutes The privatisation of public sector undertakings by the Modi regime is a frantic attempt to revive crisis-ridden capitalism with free oxygen. It won’t help.

Fri, Jul 03 2020Fri, Jul 03 2020 Sankha Subhra Biswas Economy
What will be the outcome of Modi's coal block auction decision?

What will be the outcome of Modi’s coal block auction decision?

Reading Time: 4 minutes Will Modi’s coal block auction decision really create jobs for 280,000 workers? Can Modi’s decision spark a long-term conflict over eviction of tribals?

Fri, Jun 26 2020Fri, Jun 26 2020 Tanmoy Ibrahim Economy
India's foreign exchange reserves

The surge in India’s foreign exchange reserves isn’t Modi’s but lockdown’s gift

Reading Time: 4 minutes The recent news of surge in India’s foreign exchange reserves isn’t one that calls for jubilation. This increase isn’t India’s gain but a sign of bad trade.

Mon, Jun 15 2020Mon, Jun 15 2020 Tanmoy Ibrahim Economy
Global recession 2020- A gift for the capitalists and a curse for the poor

Global recession 2020- A gift for the capitalists and a curse for the poor

Reading Time: 6 minutes The COVID-19 pandemic gave global capitalism a big opportunity to utilise public money to profiteer and attempt to escape the quagmire it’s in since 2009.

Sun, Jun 14 2020Mon, Jun 15 2020 Sankha Subhra Biswas Economy
The economic repercussions of Coronavirus in India

Indian Recession 2020 – A Marxist Analysis

Reading Time: 7 minutes The Indian economy continues to sink, while the narcissist prime minister keeps applauding himself. An indepth Marxist analysis of the present crisis.

Thu, Jun 04 2020Fri, Jun 05 2020 Sankha Subhra Biswas Economy
Capitalism: An overrated failure story

Capitalism: An overrated failure story

Reading Time: 7 minutes Why attempts made by governments of different countries, including India’s, to revive capitalism with a stimulus during COVID-19 isn’t feasible at all?

Sat, May 23 2020Sat, May 23 2020 Sankha Subhra Biswas Economy
Loan package for the MSME sector

Can a loan package for the MSME sector from Sitharaman help at all?

Reading Time: 3 minutes Can the Modi regime’s Rs 3 trillion-worth loan package for the MSME sector help it survive and provide employment to the workers?

Wed, May 20 2020Wed, May 20 2020 Tanmoy Ibrahim Economy, India
Modi's Rs 20 trillion package

Why the corporate world isn’t truly happy with Modi’s Rs 20 trillion package?

Reading Time: 3 minutes Though Modi’s Rs 20 trillion-worth so-called “fiscal stimulus” package was all about selling India to corporates, why the latter aren’t quite happy now?

Tue, May 19 2020Tue, May 19 2020 Tanmoy Ibrahim Economy, India
FM Sitharaman's fifth tranche announcements

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.

Sun, May 17 2020Sun, May 17 2020 Tanmoy Ibrahim Economy, India
Sitharaman's fourth tranche unveiled the long-pending anti-people reforms

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.

Sun, May 17 2020Sun, May 17 2020 Tanmoy Ibrahim Economy
Third tranche of Sitharaman’s COVID-19 package announcements

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.

Sat, May 16 2020Sat, May 16 2020 Tanmoy Ibrahim Economy
Sitharaman's second set of announcements

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.

Fri, May 15 2020Fri, May 15 2020 Tanmoy Ibrahim Economy
Part I Sitharaman's announcements

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.

Wed, May 13 2020Wed, May 13 2020 Tanmoy Ibrahim Economy
Part II: COVID-19, fictitious capital and financial crisis

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.

Thu, May 07 2020Thu, May 07 2020 Sankha Subhra Biswas Economy, India
COVID-19, fictitious capital and 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.

Thu, Apr 23 2020Thu, Apr 23 2020 Sankha Subhra Biswas Economy
At the time of hunger, FCI’s surplus rice is converted to ethanol to make alcohol-based hand sanitisers

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.

Tue, Apr 21 2020Tue, Apr 21 2020 Tanmoy Ibrahim Economy
Farmers’ suffering due to lockdown intensify in UP due to lack of wheat MSP

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.

Wed, Apr 15 2020Wed, Apr 15 2020 Tanmoy Ibrahim Economy
Extension of the 21-day lockdown and agriculture

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.

Thu, Apr 09 2020Thu, Apr 09 2020 Anand Patil Economy, India
Inside Modi's sham Rs 1.73 trillion COVID-19 economic relief package for poor

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.

Sat, Mar 28 2020Sat, Mar 28 2020 Tanmoy Ibrahim Economy

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