Peoples Democracy newsletter

Peoples Democracy newsletter

Exchange Rate Depreciation and Real Wages

MOST people, including even trained economists, fail to appreciate the fact that an exchange rate depreciation, if it is to work in reducing the trade deficit in a capitalist economy, must necessarily hurt the working class by lowering the real wage rate. A capitalist economy, looking at it differently, improves its trade balance, for which it must improve its competitiveness, by lowering the real wage rate; and an exchange rate depreciation is one way of doing so.Most textbooks in economics do not mention this fact.

Ennu Swantham Sreedharan, the Real Kerala Story

THERE is much debate in the media about the recently released feature film 'The Kerala Story', which falsely claims that 32,000 women from Kerala were forcefully converted from Hinduism to Islam and are buried in Syria and Yemen. The 138-minute film weaponises shreds of reality to create a false narrative on why a handful of Indians joined the embraced Islam.Kasargod and Malappuram in Kerala have been unjustly portrayed as dangerous recruitment places for the Islamic faith. Showcasing their utter lack of creativity, the filmmakers show the ringtone of the main character, Asifa's ph

Brazen Assault on Democratic Federalism

IN a brazen authoritarian move, the Modi government has promulgated an ordinance to nullify the Supreme Court’s landmark decision on the Delhi government’s control over administrative officers under its jurisdiction.The ordinance gives the control over postings and transfer of officers back to the Lt. Governor and hence the centre. This is done by constituting a National Capital Civil Service Authority which will recommend the transfer and posting of officers in Delhi. The body will consist of the chief minister, chief secretary, and the principal secretary.

WB: Good Response to Mass Signature Collection Drive

Public opinion is growing increasingly against the Trinamool regime's actions, which are detrimental to the education sector and which deprive the poor people of their entitlements by embezzling funds from rural development projects. The successive revelation of various scams serves to highlight the extensive corruption that permeates all levels of the government. Despite the reluctance of the state police administration to take appropriate action, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have initiated investigations as ordered by the court.

Tripura: Tribal Emotions Exploited: Tipra Motha Chief's Deceptive Alliance with the BJP

THE Tipra Motha Chief and the last descendant of the royal family of Tripura, Pradyut Kishore Debbarman, has been exposed for betraying the trust of the tribal community by cunningly manipulating their emotions to secure a second term for the BJP in Tripura, despite the majority of tribal people voting against them.

The US Debt Ceiling Debate

UNDER pressure from globalised finance capital, most countries of the world have enacted legislation fixing the size of the fiscal deficit as a proportion of GDP; generally it is 3 per cent, and in India it is 3 per cent for the centre and 3 per cent for the states. The US however has no such legislation; instead what it has is a ceiling on the absolute stock of public debt that can be held at any point of time.

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Kerala becomes the first state to eradicate extreme poverty

On the 69TH formation day of Kerala on November 1, the state achieved the historic feat of becoming the first state to eradicate extreme poverty. In a massive public meeting in Thiruvananthapuram, Chief Minister Pinarayi Vijayan declared that the feat was achieved through collective will. The primary objective of the 'Nava Keralam' (New Kerala) initiative — which is to elevate Kerala's standard of living to be on par...

Condemn the Brutal Murder of Com Samineni Ramarao

CPI(M) Polit Bureau has issued the following statement on October 31, 2025THE Communist Party of India (Marxist) strongly condemns the brutal murder of Comrade Samineni Ramarao, a veteran farmers leader and former State Committee member of the united Andhra Pradesh CPI(M) State Committee.Comrade Ramarao was attacked early this morning by Congress goons at his native village, Patarlapadu, in Khammam district of...

Bengal Sings 'Sonar Bangla' in Protest against BJP

Leading dignitaries from the educational, literary, art, and cultural spheres of the state, along with student, youth, women, teacher, and cultural mass organizations (SFI, DYFI, AIDWA, ABTA, IPTA etc.), called for a protest on November 4, 2025 against the Assam BJP government's efforts to label Rabindranath Tagore's song 'Amar Sonar Bangla' as seditious and the threats by some West Bengal BJP leaders to ban the song if...