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A World-Wide Churn

THE capitalist world has been gripped by a crisis since 2008, the basic cause of which is the unsustainable neoliberal capitalist system.

Crisis-ridden capitalism has been trying its level best to come out of this crisis. But whatever methods and steps were adopted had failed to overcome this problem, unlike in earlier such crises. This showed the hollowness and vulnerabilities of the finance driven neoliberal order.

Electricity Bill 2020: A Road to Complete Darkness

WHEN the whole world is living tensed over the Covid-19 pandemic, the central government has been trying to cook up an anti-people reform in the electricity sector. The Electricity (Amendment) Bill 2020, to amend the parent act of 2003, has been published by the ministry of power. They are in hurry to introduce the reforms in the electricity sector in spite of the people facing an unprecedented and devastating impact of the pandemic. The aim of the bill is total privatisation of the sector. During the pandemic, people are experiencing the importance of the public sector, universally.

The Impact of the Lockdown on Adivasi Communities

AS the greatest man made humanitarian crisis since independence plays out across India, prevailing inequalities get intensified due to government policies and approaches during the arbitrarily declared, unplanned lockdown. The curtain of invisibility that hitherto concealed the existence of 10 crore workers, termed migrant workers, has been torn asunder through myriad images of horrendous suffering. This huge section of India’s labour force or rather India’s life force are being stripped of their rights as equal citizens of India.

The Real Agenda of the Financial Package

THE financial package announced in five instalments by the finance minister details PM Modi’s grandiose announcement of a Rs 20 lakh crore stimulus package. This announced package, once again, reconfirms that Modi and the BJP central government are using the Covid-19 pandemic and the national lockdown to further its Hindutva agenda coupled with an aggressive pursuit of neoliberal economic reforms. 

Fighting Covid-19: The Kerala Model

KERALA’s fight against the deadly Covid-19 pandemic has been multi-pronged. Firstly, the deadly virus itself, second an opposition that has been busy working overtime to derail the efforts of the state government by leading a malicious campaign to malign the reputation of the state and the government, and then a union government with a discriminatory attitude.

Red Flag over Reichstag - 75 Years

MAY 9 is the day when the Second World War had officially concluded with the surrender of the Nazi Germany and is hence observed as ‘Victory Day’. This year marks its 75th anniversary and is being observed world over in the midst of acute economic crisis, often compared with the Great Depression of the 1930s. Adding to this is the Covid-19 pandemic, which further exposed the hollowness of neoliberal capitalism and its crisis ridden model.

COVID-19: The Critical Case of Mumbai

MUMBAI, the financial, commercial and entertainment nerve centre of India, has been under serious distress because of the COVID-19 pandemic.

Mumbai generates 33 per cent of the country’s income tax, 60 per cent of custom duty, 20 per cent of central excise duty, and 40 per cent of the foreign trade, 25 per cent of industrial output, 70 per cent of capital formation, 10 per cent of factory employment. The city is one of the top 10 centres of global financial flow, contributing over 6 per cent of India’s GDP. Large numbers of financial institutions have their head office in Mumbai

The Reality behind Write-Off of 68,607 crore rupees

THE information of write off of Rs 68,607 crores of Non-Performing Assets (NPAs) from 50 top wilful defaulters obtained from Reserve Bank of India (RBI) under Right to Information Act (RTI) by Saket Gokhale has been widely shared in the media throughout the country. This news has evoked many arguments, discussions and explanations in the social media. A section of the people argues that “it is only a technical write off; it does not mean that the borrowers would be allowed to go scot free.

Redevelopment of Central Vista-Futile Exercise and Waste of Money

A FASCIST leader wants to leave an imprint of his glory; the footprint does not just limit to the polity, rather extends to a wide spectrum that includes art and architecture. If the construction of Volksshalle was the idea of Hitler, designed and planned by Albert Speer, the proposal of construction of a new parliament building along with the redevelopment of the Central Vista in Delhi by Modi and his prime architect, Bimal Patel is another parallel, to a similar idea.

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