Tag: Indian economy
By invoking “Act of God” Sitharaman attempts to bankrupt the states
Reading Time: 3 minutes Why Nirmala Sitharaman invoking “Act of God” clause to deny states their GST dues is actually an illegal action and attack on federalism?
India’s economy going downhill and Modi’s rhetoric won’t help it save itself
Reading Time: 6 minutes While a few companies posted growth in their Q1 FY 2020-21, it doesn’t mean that the entire economy is growing, rather it’s going downhills now under Modi.
NPR and NRC in post-lockdown phase is a dire necessity for the Modi regime
Reading Time: 5 minutes The rollout of the NPR and NRC in post-lockdown phase is inevitable as the Modi regime will try to provide cheap labour pool to big corporate houses now.
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.
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.
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?
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?
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.
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
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?
The Economic Survey 2019-20 is less economics more fiction
Reading Time: 3 minutes The Economic Survey 2019-20 report presented by Chief Economic Advisor Krishnamurthy V Subramanian is merely a fiction, fantasies and has no economics in it
Will the economic slowdown in India worsen further?
Reading Time: 3 minutes The economic slowdown in India is worsening the situation each day, but the government is looking into easy rescue options like foreign debts.