Peoples Democracy newsletter

Peoples Democracy newsletter

Bank Loot as 'Haircuts': The Grand Feast IBC Offers Corporates

Under the guise of the Insolvency and Bankruptcy Code (IBC), a massive financial loot is underway surrendering public wealth and the hard-earned savings of ordinary citizens to large corporations. The unbelievable settlement that financial institutions were prepared to grant Subhash Chandra, founder of the Essel/Zee Group and former Rajya Sabha MP, lays bare the true face of this daylight robbery.

SUBHASH CHANDRA’S NEAR-TOTAL HAIRCUT

Jadavpur Attack Triggers Wider Campus Resistance across Bengal

THE BJP-ABVP-led attack on Jadavpur University on August 19-20 has developed into a wider confrontation over democratic space in educational institutions across West Bengal. What began with a general body meeting of engineering students on the evening of August 19 turned into a night of violence inside the university, followed by a large mobilization the next day, damage to the university’s historic emblem, and continuing protests by students, teachers, and alumni.

Extended State Committee Meeting Reviews Organisation, Calls for Stronger Mass Struggles

THE CPI(M) West Bengal State Committee’s extended meeting in Kalyani on August 29 and 30 undertook a political and organisational review of the party’s work in the state, with particular emphasis on strengthening the organisation, assessing the implementation of earlier decisions and preparing for intensified mass struggles under the newly formed BJP government.

A Theoretical Sleight-of-Hand

FOLLOWING decolonization, the newly liberated third world countries had sought to follow a development trajectory that consciously broke away from the colonial pattern of international division of labour. Towards this end they had pursued a policy of import-substituting industrialization and their ex-colonial masters, though disliking it, could do little about it.

Atmanirbhar Loot and Plunder

PAY just three paise for every hundred rupees you owe. That’s the National Company Law Tribunal’s order on Subhash Chandra in a nutshell. On August 25, 2026, the NCLT approved a plan under which the founder of Essel Group and Zee, will have to pay just Rs 6.25 crore to settle admitted claims of Rs 22,006.57 crore. A ‘haircut’ of 99.97 per cent.

90 Years of the Organised Student Movement

ON 12 August 2026, India marks 90 years of the organised student movement. This is not merely the 90th anniversary of the formation of a student organisation; it is an occasion to recall the nine-decade-long journey of organised student consciousness and struggle in India. The foundation of the organised student movement was laid on 12 August 1936, when the first two-day All-India Conference of an organised student body began.

Tripura: CPI(M) Office Vandalised by BJP Goons

On August 24, a rally was organised in the Jogendranagar area adjoining Agartala city by electricity consumers who have been struggling under the burden of high electricity bills. Following this rally, the BJP organised another rally, during which its supporters carried out extensive vandalism at the local CPI(M) office, creating an atmosphere of fear and intimidation in the area. Local residents strongly condemned the vandalism at the CPI(M) office.

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