Fiscally Neutral UBI & Growing Corporate Tax Concessions: A Deceitful Paradox

THE “State of Inequality in India Report”, by the economic advisory council to the prime minister (EAC-PM), was released on May 18, 2022. The report prepared by the government body itself has highlighted that while the top 10 per cent of the Indian population accounts for one-third of all incomes earned, the income share of self-employed workers who are also the highest in number among the whole employed categories (45.78 per cent), happens to be the lowest.

Supreme Court, Fiscal Federalism and GST

THE experience of GST during the past five years has been disappointing, to say the least. For four years, the IT backbone for its full implementation was not in place. Tax buoyancy has been far below expectations and with Covid the shortfalls have ballooned. Compensation payments were delayed and in arrears. And now as the compensation guarantee period is ending, most of the states are drifting to the brink of the precipice of sudden fall in revenue and inevitable fiscal crisis.

Oppose Bulldozer of Price Rise

INDIANS are being crushed by a deadly combination of economic policies that have led to mass unemployment, low wages – and the most destructive of all – runaway price rise. These policies have bulldozed family budgets causing people to cut down on food and other essentials, curtail spending on education of children or care of sick.

Sundarayya’s Abiding Interest in the Agrarian Question

This article has been written on the occasion of the death anniversary of P Sundarayya, on May 19.

PUCHALAPALLI Sundarayya was a revolutionary whose efforts for theoretical studies were always linked to practice. Whatever subject he chose for study, be it examining the agrarian relations, or the developments in the fields of literature and culture, they were always linked to immediate needs of practice.

Modi Govt. Fixated on Wheat Exports, Flour Prices Rising, Wheat Shortage Looming

WHILE prime minister Modi was, as usual, busy inaugurating projects in poll-bound Gujarat and visiting Europe, retail prices of another essential food item, wheat flour or atta have reached their highest level. According to data collected from across the country by the central government’s department of consumer affairs, average atta prices have increased from Rs 28.80 per kilogram in May 2021 to Rs 32.91 in May 2022.

Casualisation of Bank Jobs Leading to Exploitation

SERVICE conditions of bank employees in the country were first codified in the Sastry Award at the industry level in 1952 and subsequently amended in the Desai Award in 1958. The era of bilateral discussions commenced in 1966. The first bipartite settlement was arrived on October 19, 1966, between the Indian Banks’ Association (IBA) and trade unions of bank employees. The latest in the series, the 11th bipartite settlement, was signed on November 11, 2020, with retrospective effect from November 1, 2017.

Neo-Fascist Gangs on the Rampage Time to Rethink our cities

IN The Origins of Totalitarianism, Hannah Arendt, the famous political philosopher, author and Holocaust survivor, wrote: “Only the mob and the elite can be attracted by the momentum of totalitarianism. The masses have to be won by propaganda,” referring to how the Nazi gangs unleashed fascism with ferocity in Germany in the early decades of the 20th century.


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