THE recent economic ‘stimulus package’ presented by the Modi government mainly to benefit the big business houses shall cost the exchequer of the country a huge amount Rs 1.45 lakh crore. More such stimulus packages are under consideration of the government. To make good the revenue loss, the government has resorted to selling out public sector undertakings (PSU) with huge physical and financial assets. 

INDIA is facing an unprecedented slowdown of the economy with GDP growth slumping to 5 per cent in the June quarter, agriculture growing by only 2 per cent and manufacturing by a mere 0.6 per cent. Private consumption expenditure – spending by families on consumption – has slipped downwards, bank credit has decelerated, investment is dipping and sales of common commodities are declining. Such is the sweep of this slowdown that lakhs of workers have either been thrown out of jobs or laid off.

AYODHYA, from a Hindu politico laboratory to Politico-Religious Capital of the Hindu Right is the correct way of defining the transformation of this city. Ayodhya, which was considered to be a city of piousness for devout Hindus based on Hindu mysticism, over the years, has completely changed. Thanks to the experiment of the Sangh Parivar, of course the RSS in the lead, the Ayodhya has metamorphosised into a centre of syndicates of various kinds; spiritual, land, political and criminal.

BANK Employees Federation of India (BEFI) and All India Bank Employees Association (AIBEA) have given a joint nation-wide strike call on October 22 opposing the proposal made by Finance Minister, Nirmala Sitaraman to merge ten public sector banks (PSB).

YEAR 2019 is the 150th birth anniversary of Mohandas Karamchand Gandhi. Gandhiji remains the unparalleled mass leader of the Indian people. He successfully mobilised people from the whole of India’s vast diversity in the struggle for independence from British colonial rule.