Editorial

No to Corporate run Banks

THE Internal Working Group (IWG) of the Reserve Bank of India has proposed allowing large corporates and industrial houses to own banks by amending the Banking Registration Act, 1949. The other proposal is to allow large non-banking financial companies (NBFCs) with asset size of Rs 50,000 crore and above (including those controlled by corporate houses) and with a track record of a decade, to convert themselves to banks.

Targeting the LDF Govt in Kerala

THE efforts to discredit and denigrate the Left Democratic Front government in Kerala have been mounting in the past few weeks.  The Congress-led UDF and the BJP have conducted agitations utilising the gold smuggling case to target Chief Minister Pinarayi Vijayan and the LDF government. 

As the assembly elections draw closer, the Congress and the BJP have moved explicitly to widen the ambit of their attack on the government.  Some of the central agencies have also been enlisted in this nefarious game. 

Ab ki Baar Biden Sarkar

THE victory of Joe Biden in the presidential election in the United States must have been a galling for Prime Minister Narendra Modi.  After all, he was the first Indian prime minister ever to virtually endorse a candidate for  the election, the incumbent Donald Trump. 

Everyone recalls the reiteration of the slogan “Ab ki Baar Trump Sarkar” by Modi at the “Howdy Modi” rally at Houston in September 2019.  The Namaste Trump rally at Ahmedabad in February 2020 was another political gesture in favour of Trump organised by Modi.

Militarising the Quad at US behest

THE forthcoming Malabar exercises in the Arabian Sea and the Bay of Bengal in November will feature all the four countries of the quadrilateral grouping (Quad) – the United States, India, Japan and Australia. The Malabar exercises had begun as joint exercises of the Indian and US navies in the early 1990s. In recent years, it has become trilateral with Japanese participation.

Enslaving Labour

THE three labour laws passed in Parliament at the fag end of the truncated monsoon session constitute a grave assault on the working class of the country.  The Industrial Relations Code, the Occupational Safety, Health and Working Conditions Code and the Social Security Code, along with the Code on Wages adopted last year, were ostensibly meant to simplify and modernise the host of laws related to labour.  However, the entire exercise was aimed at fulfilling a vital element of the neoliberal reforms, which is to usher in a regime of hire and fire, labour flexibility and removal of all prote

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