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.
The Union Budget 2018-19 has one major big-ticket gimmick that is trumpeted by the Modi regime as a significant programme – a health insurance scheme for 100 million families of the country, which includes 500 million people, with an insurance cover of ₹500,000 per household. This is, of course, the largest health insurance scheme run … Read more
Ever since Finance Minister Arun Jaitley tabled the Union Budget 2018-19, there has been a hullabaloo over the budget’s theme, which the corporate world and the mainstream media controlled by it labelled as a pro-farmer budget, much before the BJP laid the same claim on the last full budget of the Modi regime. This eccentric … Read more
After a brief lull, the Modi regime is going to face large-scale mass discontent and parliamentary opposition in the coming days as Indian GDP growth rate is going to fall to 6.5 per cent for the Financial Year (FY) 2017-18, as per the recent data released by the Ministry of Statistics and Programme Implementation. This … Read more
Demonetisation and GST roll-out hit the Indian trade and commerce, especially small and middle-scale traders, industrialists and the broad masses of workers and farmers adversely and created an economic catastrophe from which the Indian economy shows no sign of recovery even now. At a time when the economy is crisis-ridden, the workers and farmers are … Read more
Narendra Modi government announced a ₹10 trillion investment to revive the economy, out of which ₹7 trillion will be spent in building infrastructure, especially 83,677 km of roads and highways and ₹2.11 trillion to recapitalise the PSU banks. The road building will be done under a fanciful name of Bharat Mala and the PSU recapitalisation … Read more
Finally Narendra Modi accepted that the Indian economy is going through bad times during his tenure, though denying that his government is responsible for the major mismanagement of macroeconomic factors; rather as a truly devoted Sanghi prostelyser, Modi blamed the critics for being pessimists, of suffering the Shalya syndrome (a pessimist chariot driver of Mahabharata … Read more
Modinomics is the new school of economics to which the Bhakts, the cheerleaders of Narendra Modi-led Hindutva fascist regime, subscribes to and they hail it as a powerful weapon to get rid of all the woes of the poor and take India to the plane of development that Modi promised during his 2014 election campaign. … Read more
The cat is out of the bag; affirming the observations made by the critics, Narendra Modi government’s demonetisation exercise came out to be a futile one, as per the recent data released by the Reserve Bank of India, which says that nearly 99 percent of the demonetised currency notes of ₹1000 and ₹500 returned back … Read more
The Uttar Pradesh government led by Yogi Adityanath has waived off the farm loans in the state and the news has become a headline that all mainstream corporate media houses kept recycling to project the man, their corporate owners funded, as a messiah for the poor and the would-be Narendra Modi, aka Vikas Purush (development … Read more
Finance Minister Arun Jaitley cleverly slipped in several amendments to the Companies Act 2013 during the passage of the Finance Bill 2017 in the Lok Sabha. The Finance Bill 2017 was dressed as a money bill, which made it redundant to be placed in Rajya Sabha for voting, where the BJP does not have the … Read more
Narendra Modi wants to play all roles once and since the Uttar Pradesh assembly election is reaching the climax, his desperation to prove himself as an omnipotent and omnipresent leader of the nation-state has reached the peak. Without sparing a word on the worsening economic condition of the country, Narendra Modi attacked the economists who … Read more
PR Economy Desk (02/02/2017): The Union Budget 2017-18 presented by Arun Jaitley on 1st February 2017 was special due to three reasons: It became the first budget since the foundation of the Indian republic when the railway and general budgets were clubbed together into one The Union Budget 2017-18 is a slightly controlled budget because the … Read more
The Modi government’s decision to push through the demonetisation exercise was blamed on a nefarious nexus between the Finance Ministry and the US government, keen to push a cashless economic experiment in a ‘region’ to see the feasibility of reducing cash transactions in the economies of Asia-Africa-South America and provide the American big finance capital … Read more
At the Hindustan Times Leadership Summit, Finance Minister Arun Jaitley said that the people of the country are voluntarily taking the pain to participate in the long queues in front of the ATMs and the banks due to the demonetisation of the currency notes of ₹500 and ₹1000, and the people have largely maintained peace … Read more
(This article was first published in January 2016 in the previous version of People’s Review. Due to an incident of hacking the old website was pulled down and we could only restore the old articles in this section) The Central Government led by Narendra Modi has increased the excise duty on petrol by Rs. 0.75 per … Read more
(This article was first published in March 2016 in the previous version of People’s Review. Due to an incident of hacking the old website was pulled down and we could only restore the old articles in this section) The Union budget for the FY 2016-17 presented by Finance Minister Arun Jaitley and hailed by the corporate … Read more
(This article was first published in September 2015 in the previous version of People’s Review. Due to an incident of hacking the old website was pulled down and we could only restore the old articles in this section) The great Indian loot is here. According to a report published by the Indian Express, it was … Read more
(This article was first published in July 2015 in the previous version of People’s Review. Due to an incident of hacking the old website was pulled down and we could only restore the old articles in this section) The aggressive campaign by the Modi government on the “Make in India” policy and the subsequent approval by … Read more
This article was first published in August 2015 in the previous version of People’s Review. Due to an incident of hacking the old website was pulled down and we could only restore the old articles in this section) The BJP and the Prime Minister, Narendra Modi, made tall claims during the Congress led UPA government’s tenure … Read more
(This article was first published in July 2015 in the previous version of People’s Review. Due to an incident of hacking the old website was pulled down and we could only restore the old articles in this section) In a press conference held at New Delhi, the Finance Minister Arun Jaitley told the reporters that the … Read more