Private Investment Slump: Plummeting New Projects

ADVANCED economies had been worst hit by the financial crisis when real GDP fell in 34 out of 37 advanced economies of the world. The growth rate recovery was slow and it took about three to five years for most of these countries to get back to their pre-crisis levels. Some argue that western capitalism has entered into a phase of secular stagnation characterised by low private investment and declining productivity. Capitalism is a system driven by investments mobilised by capitalists in view of future expectation of profits.

WB: DYFI Brigade Rally Gears Up for Booth Level Outreach

PUTTING all apprehensions of the mainstream media to rest, the Brigade Parade Ground rally organised by DYFI West Bengal state committee on January 7, recorded an outstanding turnout with the presence of thousands and thousands of vibrant students and youth who had come from different parts of the state adding a special dimension. At about noon, marches from various corners of the city gathered together and the vast ground was filled to the brim in no time. The marches were punctuated by thousands of young DYFI supporters enthusiastically chanting slogans such as “We shall fight, we shall

Withdraw ESMA on Anganwadi Workers in AP: AIFAWH

THE All India Federation of Anganwadi Workers and Helpers (AIFAWH), in a statement issued on January 9, has vehemently condemned the imposition of the Essential Services Maintenance Act (ESMA) on striking anganwadi workers and helpers by the Andhra Pradesh state government.

All India Lawyers Union Holds National Conference

THE 14th national conference of the All India Lawyers Union (AILU) took place at Ashok Bakshi Manch (Sarat Sadan) in Naranarayan Gooptu Nagar (Howrah), West Bengal, from December 28-30, 2023. The conference centered around the theme "Fight communalism, save constitution, and save democracy."On the morning of the 28th, Rabilal Moitra, vice president of AILU and former law minister of West Bengal, hoisted the flag, marking the commencement of the conference proceedings.

Welcome Judgement on Bilkis Bano Case: AIDWA

AIDWA, in a statement issued on January 8, has welcomed the supreme court judgement which quashes the Gujarat government’s decision to allow premature release of the convicts in the Bilkis Bano gang rape which had happened during the Gujarat riots of 2002.

The Question of Pensions

WE observe a strange phenomenon everyday, so strange that its strangeness goes generally unnoticed. Government spokespersons from the prime minister downwards go on repeating ad nauseam that India is the most rapidly growing major economy in the world today, that it will soon become a 5 trillion dollar economy, and that it has overtaken China in terms of the growth rate of the gross domestic product.

A Brief Comment on the Political Developments in Bihar

NATIONAL executive meetings and conferences are routine events for political parties, where discussions encompass a wide range of issues, including the national economy, political landscape, organisational matters, and various other concerns.

What “Dollarisation” Entails

ARGENTINA’S new president Javier Milei proposes to use US dollars as the currency of his country, while abolishing its central bank altogether. What is involved in this proposal is not just maintaining a fixed exchange rate between the dollar and the domestic currency, but an abolition of the domestic currency altogether.

Secretive US X-37B Military Spacecraft

THE highly secretive X-37B military spacecraft of the US Space Force took off on December 28, from NASA’s Kennedy Space Centre in Cape Canaveral, Florida, on its seventh and hitherto most extensive test.

Punjab: Daily Desh Sewak Celebrates Foundation Day

THOMAS Isaac, the former finance minister of Kerala and a distinguished economist, asserted that the Left government in Kerala has successfully elevated the standard of living for its ordinary citizens beyond that of any other state in India. He made these remarks during the 29th foundation day ceremony of the Punjabi Daily Desh Sewak at Bhakna Bhawan in Chandigarh on January 1.

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