THE world capitalist economy has been mired in stagnation and high unemployment ever since the 2008 financial crisis. Many were predicting that a turnaround was about to occur, partly because of the fact that the US economy last month showed larger job creation than of late, and also because it had grown at 3.5 percent last quarter which is higher than for some time now.
The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement on November 14.
THE Polit Bureau of the CPI(M) expresses its strong opposition to the Modi government’s decision to increase excise duty on petrol and diesel. There has been a steep hike of Rs 1.50 per litre.
Petrol and diesel are already heavily taxed and this constitutes a major part of the retail price. Therefore, there is no justification for this tax hike.
BY now it is clear, despite all the high pitched rhetoric, that PM Modi is more aggressively pursuing the very same neo-liberal economic reform trajectory that this government has inherited from the earlier UPA government. This is happening like it did initially with Dr Manmohan Singh invoking illusions of an `era of prosperity’ which will convert India into a land of `milk and honey’.
Parliament must legislate to ensure reservations in private sector and to make the corporates accountable for its implementation felt Indian Council of Social Science Research (ICSSR) chairman Sukhadeo Thorat. Nowhere in the world is such affirmative action completely voluntary and self regulatory as it is in India now, he pointed out.
THE logo for the 21st Congress of the CPI(M) was released on November 19 at M B Bhavan in Hyderabad by CPI(M) Polit Bureau member B V Raghavulu. The Party Congress is scheduled to take place from April 14 - 19, 2015 in the port city of Visakhapatnam, Andhra Pradesh. Reflecting the city's identity of being a major port on the east coast and being home to a large working class population, the logo depicts a huge ship draped in red colour, on top of which the working people are standing with raised arms and flags.
FOOD Corporation of India (FCI) is a crucial public sector undertaking in respect of public distribution system (PDS). FCI was formed in 1964 and its main objectives were to procure food grains directly from the farmers, supply them for PDS distribution and for maintaining price stability during scarcity. Despite its immense importance, the BJP-led government at the Centre is hell bent on its privatisation.
DECEPTION and dishonesty have become the trade mark of the Modi government at the Centre. A willing press is being used by the government to disseminate half truth or give distorted version of the facts to mislead the people. This they did meticulously at the time of issuing coal ordinance.
SEVENTH November this year will mark the ninety seventh anniversary of the Great October Revolution. It was on this Day in 1917 that a new world free from exploitation and poverty was ushered in. The great advances made by people in the Soviet Union under socialism inspired generations of people and the workers all over the world. However, the young workers born or brought up in a world dominated by imperialist dictated neo-liberal globalisation, in a world where the Soviet Union ceased to exist, might not be able to fully realise the significance of the October Revolution.