A SMALL US investor firm has challenged the Indian behemoth, the Adani group, and shaken it to its foundations. The Hindenburg Research, a short selling firm, brought out a 129-page report on the Adani group marshaling evidence of all the funding operations and offshore activities of the 578 subsidiaries and shell companies linked to the seven listed companies of the Adani group. The report states that this is the “biggest con in corporate history...
A high-level inquiry is essential on the allegations levelled by Hindenburg Research against the Adani group, monitored on a day-to-day basis by the Supreme Court. Till this enquiry is completed and the truth is known, the interests of India and our people must be protected. Around Rs 80,000 crores of LIC are invested in Adani companies and 40 per cent of all loans taken by the group from national banks are through the SBI. Both the LIC and the SBI are institutions...
THE union budget presented by the finance minister Nirmala Sitharaman is nothing but a political jumla. It does not utter a word on the grim economic situation facing the country, though the Economic Survey sought to camouflage it by presenting a rosy picture. The Economic Survey itself predicted a decline in GDP to 6.5 per cent in 2022-23. Such downward spiral in growth for four consecutive years is unprecedented in the history of...
THE Union Budget 2023-24 presented by the finance minister Nirmala Sitharaman is a Budget for the rich, prepared at the behest of the corporate cronies; it is against the interests of the farmers, the poor and toiling masses. It was high on rhetoric and hollow on actual allocations for agriculture and rural development. The BJP government has refused to implement the minimum support prices as per the MS Swaminathan Commission...
THE All India Democratic Women’s Association (AIDWA) sees the Modi government’s last full budget before the general elections of 2024, as an attempt to hoodwink women and working people of the country in order to promote the agenda of big corporate houses. The narrative unleashed by the government in the name of the budget, is designed to perpetrate false hoods and show that all is well, and people are becoming prosperous. However, we need to contrast the PR of...
THE Adivasi Adhikar Rashtriya Manch states that for the adivasi communities across India the budget 2023-24 represents loot kaal not amrit kaal. According to official guidelines, the budgetary allocations for adivasi development under the Tribal Special Scheme (TSS) earlier known as Tribal Special Plan (TSP) should be proportionate to the adivasi population which, even going by the 2011 census is 8.6 per cent of the total population...
THIS year’s budget has been no different as far as the disabled community is concerned. They continue to be condemned to the margins and neglected, high sounding rhetoric like “inclusive India” notwithstanding. In comparison to the previous year, there is merely a 1 per cent increase. However, it needs to be underlined that the amount allotted for 2022–2023 was underutilised by Rs 196 crore.
TO think of Aleida Guevara as just the ‘heir’ to her father’s legacy, would be to underestimate her. In one of his last letters to his young children, Che Guevara advised them to “always be capable of feeling deeply any injustice committed against anyone, anywhere in the world. This is the best quality in a revolutionary.” His daughter Aleida, a physician, human rights advocate and an important Cuban political figure in her own right...
VERY serious allegations of sexual harassment, corruption and dictatorial functioning that have been made by top Indian wrestlers against the president of Wrestling Federation of India (WFI) and member of parliament from BJP, Brij Bhushan, have once again revealed the dirty underbelly of this Indian sport, characterised by a dangerous combination of political nexus and a male domination of positions of power. These charges have been levelled...
THE Tamilnadu Platform for People's Unity has been observing every year Mahatma Gandhi's memorial day on January 30 as anti-bigotry day, and conducting various programmes in the state exposing the dangerous activities of the BJP and Sangh Parivar forces that are trying to divide the people on communal lines for its political gains. In the last two years, there was no such programme because of the pandemic situation. This year, this day was...
