Peoples Democracy newsletter

Peoples Democracy newsletter

Interest Rates and the Use of Cash

FINANCE capital is always opposed to the use of fiscal measures for stimulating an economy. This is because any such fiscal stimulation undermines the social legitimacy of capitalism, and especially of that segment of it which constitutes the world of finance and which is peopled with “functionless investors” in Keynes’ words or of “coupon clippers” in Lenin’s words, ie, of entities that play no role in the production process. If State intervention comes to be seen as necessary for stimulating the economy, then the question may arise in the public mind: why do we need all these entities?

Earth's Seven Sisters 40 Light-years Away

AN international team of scientists have discovered a set of seven, near earth-sized exoplanets circling a nearby star, named Trappist-1. They have reported this discovery recently in Nature. What is exciting about these exoplanets is that all of them may have water, with three falling in what is called the habitable zone. In the habitable zone, planets may have water in liquid form on their surface, and therefore the possibility of life.

Historic March of Students and Teachers in Delhi University against ABVP’s Goondaism

THOUSANDS of students and teachers marched in the north campus of Delhi University on February 28 against ABVP’s goondaism. This was the biggest mobilisation of students and teachers which DU has seen in decades. The immediate call against the ABVP’s terror tactics to silence all voices critical of the RSS-BJP regime through violent means became a rallying point for a mass mobilisation which was beyond the reach of any organisation.

United Forum of Bank Unions Holds Successful Strike

Statement issued by Bank Employees Federation of India on February 28AT the call of United Forum of Bank Unions (UFBU), the umbrella organisation of nine unions of workmen and officers of the banking industry of the country, the workmen and officers of banks all over the country, including those of regional rural banks and co-operative banks, struck work on February 28 to ventilate their unequivocal protest and opposition to the neoliberal reform of the banking sector being pursued by the central government. The strike was total throughout the length and breadth of the country.

Huge Rally of Workers, Peasants in Guwahati

GUWAHATI, the capital city of Assam, witnessed a huge rally of workers and peasants on February 26. The rally was organised jointly by the Assam state committees of CITU and AIKS against the anti-worker and anti-peasant policies and the politics of communal divide pursued by the BJP-led governments at the Centre and in the state. In Assam, soon after coming to power, the BJP government unleashed a massive eviction drive of the peasantry and other sections of the working people from ‘khas’, railway, VGR/PGR land.

AIDWA Condemns Censor Board’s Denial of Certification to a Movie Depicting Women’s Issues

Statement issued on February 27THE All India Democratic Women’s Association strongly condemns the decision of the Censor Board of Film Certification to deny certification to Alankrita Srivastava and Prakash Jha’s film ‘Lipstick under my Burkha’, which depicts the range of problems that women in India are facing today, and their struggle to overcome these obstacles. The much acclaimed film has won the Best Film for Women’s Equality Award at the Mumbai Film Festival and the ‘Spirit of Asia’ Award in the Tokyo Film Festival.

Thinking Together

It seems the Indian psyche has accepted dynastic politics whenever elections come. Tamil Nadu is no exception - to some extent, where it appears to be a case of "crash landing". How does CPI(M) view  this?
 
Asit Sengupta, West Bengal
 
THERE is a growing trend of dynastic politics in India. It was first manifested by the Nehru-Gandhi family in the Congress party.  Subsequently, it has spread and has now become a common occurrence, particularly, in the regional parties. 

Thinking Together

It seems the Indian psyche has accepted dynastic politics whenever elections come. Tamil Nadu is no exception - to some extent, where it appears to be a case of "crash landing". How does CPI(M) view  this?
 
Asit Sengupta, West Bengal
 
THERE is a growing trend of dynastic politics in India. It was first manifested by the Nehru-Gandhi family in the Congress party.  Subsequently, it has spread and has now become a common occurrence, particularly, in the regional parties. 

Two Events: Same Message

TWO places separated by over 2000 kms became sites for resistance to the RSS attacks on democracy and secularism last week. The first was Delhi University in the national capital and the second was Mangaluru city in Karnataka.In Delhi University, students belonging to the ABVP (the student wing of the RSS) attacked a seminar being held at Ramjas College on the pretext that anti-national persons were invited to speak at the seminar.

TAMIL NADU: CPI(M) to Conduct ‘Meet the People’ Campaign, Feb 20-25

FOLLOWING the death of Jayalalithaa, who was the general secretary of AIADMK and the chief minister of Tamil Nadu, AIADMK split into two factions, one under the leadership of Sasikala and the other of O Panneerselvam. These groups entered into a competition to capture power in both the party and the government. With Sasikala having gone to prison following the Supreme Court judgement in the Disproportionate Assets case, a ministry has been formed under the leadership of Edappadi Palanisamy belonging to the Sasikala faction.

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