NITI Aayog was constituted by the BJP government immediately after it assumed power at the centre. This brought down the curtains on the Planning Commission. The intention behind the establishment of NITI Aayog has been very clear – deepening the neoliberal reforms. It has taken upon the task of international financial institutions like the World Bank, IMF to ensure the transfer of public assets to private players, reduce the role of government in welfare activities and confine the State to cater to the ruling class interests only.

THE prime minister has been requested to ensure that essential medicines listed in the National List of Essential Medicines are kept outside the ambit of the Goods and Services Tax (GST).In a letter to Prime Minister Narendra Modi on July 28, CITU leader J S Majumdar flagged serious anomalies in the tax structure for medicines fixed by the GST Council, disregarding a Supreme Court order and subsequent government notifications.The Supreme Court had in March 2003 issued an order giving two directions to the government – on controlling medicine prices and for preparing the National List of Ess

IT is an acknowledged fact that the huge NPAs (non-performing assets) are the fundamental cause for the deep rooted maladies afflicting PSBs (public sector banks)out of which the contribution from the large borrowers (loan exposure of Rs 5 crores and above) is more than 90 per cent.The entire energy and attention of the PSBs should be focused in recovering the NPAs from the large borrowers without any write off or sacrifice.

OVER the past 40 years, Neyveli Lignite Corporation has continuously secured profit and attained the status of a ‘Navratna’ public sector undertaking due to the untiring hard work of its workers. But, some unscrupulous officials, with the connivance of the private sector and under the patronage of the central government, are trying to open the doors for privatisation.    The management has handed over the work on removal of overburden to private parties like BGR and Mahalakshmi. A lot of irregularities were found in the handing over of the contract to these parties.

THE Modi government has demonetised Rs 500 and Rs 1,000 notes only to benefit the corporate sector and online companies (e-commerce) would earn more in India compared to the US, Canada and other countries as a result of building digital, cashless economy , said  BV Raghavulu, CPI(M) Polit Bureau member at a seminar organised by  Vijayawada central city committee of CPI(M) on January 11.Addressing the seminar held at  Makineni Basavapunniah Vignana Kendram, Raghavulu said Prime Minister Narendra Modi was helping corporates with initiatives such as demonetisation.