Fraud and Crony Capitalism under the Modi regime

THE Punjab National Bank scam is the most brazen and shocking case of defrauding in the history of Indian banking. Nirav Modi, reputed to be the 85th richest Indian and his uncle, Mehul Choksi are reported to have embezzled Rs 11,400 crores through the repeated issue of fake letters of undertaking (LOUs) by colluding bank officials.

That the fraud has been going on since 2011 and peaked in the year 2017 indicates the scale and ease with which such fraud was perpetrated. Does this what “ease of doing business” amounts to in Modi’s New India?

Bhagwat’s Army

THE RSS chief, Mohan Bhagwat, has stated in a speech to RSS workers in Muzaffarpur that while the army takes six to seven months to train its soldiers, the RSS can get its cadres ready for battle in two to three days. 

Pakoda Jobs

PRIME Minister Narendra Modi has, in an interview last week with a private television channel, claimed that someone who opens a pakoda shop in the street is to be considered as employed.  Further, his earning of Rs 200 per day is not reflected in any book of accounts. He said, “The truth is massive number of people are being employed”. 

Rumblings in Supreme Court

THE press conference by four senior judges of the Supreme Court on January 12 was truly unprecedented in the judicial history of India. Justices J Chelameswar, Ranjan Gogoi, Madan B Lokur and Kurian Joseph, the four senior most judges after the chief justice and who constitute the five-member collegium took this extraordinary step to complain about the way in which the chief justice was dealing with the administrative matters relating to the allocation of cases and the constitution of the benches.

Netanyahu Not Welcome

THE prime minister of Israel Benjamin Netanyahu is visiting India from January 14. His official visit is not something which is to be welcomed. The coalition headed by Netanyahu is the most right-wing government that Israel has had. It consists of ultraright Jewish parties who openly advocate expulsion of the Palestinian people from the occupied territories and treating the Arabs within the borders of Israel as second-class citizens.

End Mandatory Aadhar

THE Tribune newspaper published an investigative report on January 4 about how its reporter could get access to details of more than one billion Aadhar numbers.  The reporter paid Rs 500 through Paytm to a vendor after which a gateway was created with a login ID and password which enabled her to get any name, address, photo, phone number and email-id of a person registered with the Unique Identification Authority of India (UIDAI).

Resolve for 2018

LOOKING back at the year 2017 that has just ended, there is an important aspect of the national situation that must be noted. The year unfolded with the forces of reaction on the ascendant. But by the last quarter of the year, the forces of resistance against the right wing offensive had begun to assert themselves and make their presence felt.


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