Resist public sector bank privatisation through mergers to save the economy
Nirmala Sitharaman’s decision to merge 10 public sector banks into four big banks is actually a step towards their privatisation, which must be resisted.
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.
Even fudged GDP figures show unfit economy crashing while Modi plays Fit India
As the GDP growth fell to 5% for Q1 of FY 2019-20, the Modi regime is showing no concern for the unfit economy and the prime minister is busy with Fit India
The curiosity over the fate of Rs 1.76 trillion RBI surplus usurped by the Modi regime gripped the country
The news of the Modi regime receiving a record Rs 1.76 trillion from the RBI’s reserve is now viral, what isn’t is the government’s intention over the usage
Nirmala Sitharaman’s dosage won’t cure the Indian economy’s paralysis
Last week Nirmala Sitharaman declared a host of measures in a bid to revive the distressed economy. Unfortunately, none of them has the potential to cure it.
Cyberabad MLM scam shows the dire need of relevant law to regulate the Indian direct selling industry
With another Ponzi scheme-running MLM company getting exposed in a Rs 50 billion scam the requirement of proper law for direct selling is felt again.
Modi’s “wealth creators” are plunderers, while real wealth creators are fighting for existence
Prime Minister Narendra Modi lied to the nation. His “wealth creators” are not real wealth creators but plunderers who have been looting India with impunity
Nirmala Sitharaman’s rhetoric-filled budget ignores farmers’ agony and agricultural crisis
Though she spoke in length about rural development, Nirmala Sitharaman’s Union Budget 2019-20 didn’t provide roadmap for farm crisis and farmers’ welfare.
Sithraman’s silence on the unemployment crisis during Union Budget 2019 is a denial of the problem
The Modi regime continues to deny the existence of an unemployment crisis. Nirmala Sitharaman’s silence on unemployment during the budget speech proved it.
Resistance to Modi’s “big bang reform” plan is imperative to save the poor and India
Modi’s attempt to sell off India, its resources and labour to foreign and domestic corporations under the garb of “big bang reforms” must be resisted by all
BSNL can be saved only by employees’ uncompromising struggle against Modi’s corporate appeasement policy
By promoting Mukesh Ambani’s Reliance Jio, the Modi regime is signalling an end to BSNL and MTNL. Their employees to fight back and thwart this conspiracy.
The Union Budget 2019: Less economics more propaganda
Despite promising an interim budget, Piyush Goyal presented Union Budget 2019 as a full-fledged budget with election-centric gimmicks to help the BJP win.
Shaktikanta Das’s Appointment as RBI Governor Won’t Give Cakewalk to BJP
The appointment of Shaktikanta Das, a 1980-batch IAS officer of Tamil Nadu cadre as the governor of the Reserve Bank of India (RBI) has drawn a lot of criticism and ignited a big controversy in the economic discourses around the country. Shaktikanta Das is the first RBI governor in 28 years who isn’t a banker … Read more
Modi Tried Suppressing Unemployment Crisis Using Fabricated Data
Ever since he occupied the throne of New Delhi, Narendra Modi is accused of being media-phobic by the near-extinct scribes with their spine intact. Narendra Modi reaffirmed this truth that he can’t stand critical questions by refusing to meet the press for the last four years. Sheer monologue and utter disregard for two-ways communication prevailed … Read more
Starvation is a Norm in the Economy of Disaster Under Modi’s Reign
The good news for the Modi government is that Mukesh Ambani’s Reliance Industries posted a hopping 17.9 per cent increase in profit during the first quarter (Q1) of the financial year (FY) 2018-19. Reliance Industries earned a profit of Rs 94.59 billion in Q1 of FY 2018-19 vis-a-vis Rs 80.21 billion profit in Q1 of … Read more
Adani Gas is Principal Contender in Modi’s Piped Cooking gas Project
Thanks to Narendra Modi’s loyalty towards his long-time funder and one of India’s top-notch crony and comprador capitalist Gautam Adani that the Adani Gas Ltd has now placed bid for supplying city gas in 32 cities on its own and in 20 cities through a joint venture with state-owned Indian Oil Corporation (IOC), as per … Read more
Why Modi Government’s 50% MSP Hike on 14 Kharif Crops Isn’t a Pro-Farmer Move?
The Modi regime has increased the minimum support price (MSP) of 14 notified Kharif crops to fulfil the BJP’s poll promise of increasing farmers’ income in comparison to the input cost of farming by 50 per cent. This promise was reiterated during the Union Budget 2018-19 and the government announced the increase in MSP on … Read more
Modi Plays Fitness Game While Fuel Prices Doing High Jump
There cannot be any comparison between a statesman and a con, or the worst, a dignified con. When the city burns, or for that matter when a hole is burned in the pocket of the common people, the modern-era Nero shouldn’t play the violin, but enter into new theatrics, which wouldn’t change the reality a … Read more
Cat to Guard Fish: Assocham Demand of PSU Bank Privatisation
It’s not yet a week that the ₹11,400 crore worth PNB scam involving Nirav Modi and Mehul Choksi, two close aides of the Narendra Modi-led BJP government, became public, Assocham, an organisation that represents the interests of corporate India, started unashamedly raising the demand for privatisation of the public sector banks (PSB) to prevent the … Read more
The Jewel Thief: Analysing the PNB Scam by Nirav Modi & Co.
Last week, a shocked India confronted a gigantic banking scam, unprecedented in terms of magnitude and methods employed. A big comprador and crony capitalist, Nirav Modi, who owns a large chain of designer diamond jewellery business throughout the world, along with his partners, duped the second-largest public sector bank of India, Punjab National Bank (PNB), … Read more
The Modi Government’s budget- “Much ado about nothing”
Year after year, budgets are praised and criticised. I find all budgets good, as each budget allocates fund for various schemes/programmes. But when it comes to implementation of these schemes in a timely manner, I see miserable failure all around. While many false promises are made by all political parties, people expected a lot from … Read more