Demand-Constrained Versus Supply-Constrained Systems

THE idea is an old one, but the Hungarian economist Janos Kornai clearly conceptualised it, by drawing a distinction between a “demand-constrained system” and a “resource-constrained system”. A demand-constrained system is one where employment and output in the system are what they are because of the level of aggregate demand is what it is; if the level of demand increases then output and employment in the economy will increase, with very little increase in the price-level.

2020: Take the Struggle for Secular Democracy Forward

THE year 2019, which has ended, saw the imposition of a full-fledged Hindutva authoritarian regime in the country, a rapidly deteriorating economic situation and a continuing assault on the constitution and the democratic rights of citizens. The end of the year witnessed a spontaneous and powerful protest movement in defence of the constitution and against the assaults on secular-democracy.

Kerala Paves Way, Passes Resolution against CAA

IN a united move against the divisive agenda of the RSS backed central government, the Kerala legislative assembly became the first state legislative body to pass a resolution against Citizenship (Amendment) Act. A resolution passed in a special session of Kerala legislative assembly demanded the repeal of CAA. In a concluding remark after a detailed discussion, chief minister Pinarayi Vijayan said that the central government should scrap the bill through an ordinance, considering the concerns of the people of India.

‘Scuttle NPR Process to Thwart BJP Game Plan’

THE Narendra Modi government has planned a ‘trishul’ attack against the constitution. The Citizenship (Amendment) Act (CAA), National Population Register and National Register of Citizens are the three points of this trishul. All three are interconnected and a single package. These cannot be separated, warned CPI(M) Polit Bureau member Prakash Karat while addressing a seminar organised by the Tamil Nadu Platform for People's Unity in Chennai on December 26.

Protest Demonstrations Continue across the Country against Citizenship (Amendment) Act

TAMIL NADU
AS waves of protest arose in the country against the draconian Citizenship (Amendment) Act (CAA) over the past week, Secular Democratic Front (SDF) led by the DMK had organised a rally in Chennai to join the cause and to expose the subservient role of the ruling AIADMK to the BJP in the centre, which has supported the Act.

Week-Long Protest Programme – Jan 1-7, 2020

The Left parties – Communist Party of India (Marxist), Communist Party of India, Communist Party of India (Marxist-Leninist)-Liberation, All India Forward Bloc and Revolutionary Socialist Party – have issued the following statement on December 26, 2019

• Against the assault on our Constitution: CAA/NRC/NPR

UP: Oppressive and killer Yogi raj

OPPRESSION and killing innocent people has become a gauntlet of Yogi rule in UP. On the one hand rapists, rioters and murderers aligned to the BJP are allowed to roam scot-free, on the other, tremendous repression is mounted on the dalits, backwards, women and especially the Muslim minority in the state of UP. There is no limit to the hate against the Muslims and the protesters who were protesting against the CAA and the proposed NRC.

Demonetisation and the Question of Bank Credit

THE demonetisation of currency notes of Rs 500 and Rs 1000 denomination in November 2016 suddenly brought a large amount of cash to the coffers of the banks. Since the banks had to pay interest on the deposits that the public was forced to make with them, they also had to use this cash in a manner that would earn them some income; otherwise its lying idle in their tills would erode their profitability. How the banks used this excess liquidity that had suddenly accrued to them is highly instructive.

CPI(M) Calls Upon Members to fight rising fascism in India

CPI(M) state committee of Telangana held a two-day plenum at Sundarayya Vignana Kendram in Hyderabad on December 3-4. Senior leader of the Party, Sarampally Mallareddy hoisted the red flag. Nearly 575 delegates attended the plenum from 34 districts and took part in the discussions. The plenum passed four resolutions – on women’s security, religious fanaticism, RTC strike and January 8 general strike, state government’s undemocratic policies and other issues.

Unconstitutional Outburst by Army Chief

CPI(M) Polit Bureau has issued the following statement on December 26

The Polit Bureau of the Communist Party of India (Marxist) has unequivocally condemned the statement made by the army chief, Gen. Bipin Rawat. The general has directly indulged in condemning the student protestors who have been opposing the Citizenship (Amendment) Act and the move towards creating the National Register for Citizens across the country.

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