Peoples Democracy newsletter

Peoples Democracy newsletter

Why have Indian Banks become Financially Fragile?

THE crisis at Yes Bank is only the concentrated expression of a deeper malaise afflicting the Indian banking system as a whole, namely its vastly increased financial fragility. The chief economic advisor is no doubt right when he assures depositors, through the media, that the Indian banking system is quite stable; but this still does not negate the fact that it has become more fragile.

CPI(M) Offers Relief Fund to Riot Victims

A delegation of the CPI(M) led by general secretary Sitaram Yechury along with members of Delhi Solidarity Relief and Rehabilitation Committee visited the families of those killed in the riots and offered relief.CPI(M) provided financial assistance to family members of Faizan, Prem Singh, Mohammad Shahban, Ashfaq Hussain and Ali Amir Khan.The delegation included Polit Bureau member Brinda Karat, Central Committee member and AIKS president Ashok Dhawale, Delhi state secretary of CPI(M) K M Tiwari, CITU Delhi general secretary Anurag Saxena and Phoolkant Mishra and others.CPI(M) along with De

How close are we to the SDGs

THE fiscal crisis of 2008 struck wounds deep into the system. It shook the pillars of the world capitalist system and the sustainability of such a socio-economic system became a challenge. Compounding to it was the crisis of the environment and the sustainability of the planet, which continues to pose a serious challenge. The carbon emissions, if not checked, shall become disastrous to the eco-system itself. The five Ps i.e., people, planet, prosperity, peace and partnership were conceived as the goal and targets under the sustainable development goals(SDGs) in 2015.

Telangana: Conspiracy to Change into a Theocratic State.

THE central government is conspiring to change the country into a theocratic state said T Veerabhadram, state secretary of CPI(M). The government is asking people to prove their citizenship, which is shameful, he said. For proving the citizenship even Aadhar card is also not accepted. In Siddipet district, under the chairmanship of district secretary, Amudala Mallareddy, a public meeting was organised on March 5.  Veeerabhadram, while speaking in the rally said that there is no benefit to the people out of NRC, CAA, and NPR.

CPI(M) Offers Relief Fund to Riot Victims

A delegation of the CPI(M) led by general secretary Sitaram Yechury along with members of Delhi Solidarity Relief and Rehabilitation Committee visited the families of those killed in the riots and offered relief.CPI(M) provided financial assistance to family members of Faizan, Prem Singh, Mohammad Shahban, Ashfaq Hussain and Ali Amir Khan.The delegation included Polit Bureau member Brinda Karat, Central Committee member and AIKS president Ashok Dhawale, Delhi state secretary of CPI(M) K M Tiwari, CITU Delhi general secretary Anurag Saxena and Phoolkant Mishra and others.CPI(M) along with De

Corporate Cronyism at its Worst

CPI(M) Polit Bureau has issued the following statement on March 7, 2020THE collapse of Yes Bank has raised many disturbing questions about the functioning of private banks and the failure of the regulator, the Reserve Bank of India, to intervene in time.  The Yes Bank episode is the worst example of crony capitalism.  The record shows that the loan account of the bank increased spectacularly from Rs 55,633 crore in March 2014 to Rs 2,41,999 crore in March 2019.  The bank was saddled with huge loans given to corporates favoured by the ruling regime.  Some of these c

The First Party Congress – 1943

THE first Congress of the Communist Party of India (CPI) was held in 1943 in Bombay. It was held for eight days, from May 23 to June 1. 139 delegates attended the Congress, representing a membership of 15,563. By this time, Party organs were being brought out in 11 languages, with a combined circulation of 60,000. It was estimated that at least 6,00,000 people were reading these organs, along with other leaflets and pamphlets brought out by the Party.

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