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.
Indian Recession 2020 – A Marxist Analysis
The Indian economy continues to sink, while the narcissist prime minister keeps applauding himself. An indepth Marxist analysis of the present crisis.
Capitalism: An overrated failure story
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?
Can a loan package for the MSME sector from Sitharaman help at all?
Can the Modi regime’s Rs 3 trillion-worth loan package for the MSME sector help it survive and provide employment to the workers?
Why the corporate world isn’t truly happy with Modi’s Rs 20 trillion package?
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?
FM Sitharaman’s fifth tranche announcements expose there wasn’t any stimulus package
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
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
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
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
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
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
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
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
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
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
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?
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
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
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
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
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
