PRIVATE corporate sector in India seems to have recorded historically high rates of profits during the post-Covid three years. The average net profit in a quarter suffered a steep decline during the successive quarters ending on March and June 2020 but since the quarter ending September 2020, the net profits of corporate sector recovered by about seven times compared to the pandemic period and touched a record level in the recent period.In spite of high rates of income growth and increased share of profit within income, investment growth didn’t show adequate response.

MOVEMENT of people under capitalism is related to the structure of capitalist accumulation. This entails a complex process of creating new images of modernity, creation of new spaces, consumption of new goods and habits and new areas of commodification and production.

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceHARD facts are staring at the government creating discomforts to the party in power. It is sad to see on the eve of election how the prime minister of India feels uncomfortable, perturbed and baffled in facing these hard realities.

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceINDIA is one among her peers recording a very low tax-GDP ratio, and the effective tax rate for the corporates have been sometimes lower than the income tax rates applicable to middle class income slabs. This low tax regime is a key mandate of neoliberalism as it is committed to unshackle corporate capital from the marred regulations that are meant to mobilise resources for subsidising the poor.

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceTHE ministry of statistics and programme implementation has recently released the findings of the Household Consumption Expenditure Survey (HCES) conducted during August 2022 to July 2023. Household consumption surveys earlier were conducted every five years but the last HCES was conducted in 2011-12.