Peoples Democracy newsletter

Peoples Democracy newsletter

What is a Derivative?

AT a class I took for SFI activists on May 29 on political economy, someone asked me the question: what is a derivative? My answer, I could feel, was unclear to the audience. Since other comrades too would be having this question in mind, I thought I should attempt, hopefully, a clearer answer here.A derivative is a contract through which the contracting parties trade in risk. The idea of a contract through which risk is traded is not a new one; indeed it is familiar to us all.

TAMIL NADU: Total Failure of AIADMK government

FOR more than eight months since the then chief minister of Tamil Nadu J Jeyalalithaa was hospitalised in late September 2016, the state of government in Tamil Nadu has been nothing short of disastrous for the people of the state. Following the demise of Jeyalalithaa and the subsequent split in the AIADMK, the rival factions of the AIADMK have been far more preoccupied with the struggle for the capture of the AIADMK and the survival of the government than with anything else.

BAN ON CATTLE SALE FOR SLAUGHTER: Is it the First Step in Corporatising the Meat Value Chain?

THE Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules, 2017 were published on May 25, 2017, just days before the commemoration of the third anniversary of the Modi government. Through these rules, the government has effectively dealt a blow to small producers and the farmers who sell their unfit animals to traders and commission agents in the livestock markets. Further, the foundations of meat export industry are also steeped in informal supply lines and trading networks which supply cattle to ‘modernised slaughter houses’.

Condemn Brutal Attack on Protesters In Kolkata

The Polit Bureau of the Communist Party of India (Marxist) has issued the followings statement on May 22, 2017.THE Polit Bureau of the Communist Party of India (Marxist) strongly condemns the police brutality unleashed against peaceful protesters at the state government headquarters Nabanna in Kolkata on May 22. Over nine hundred protesters were grievously injured and over a hundred of them are reportedly in a critical condition.

CATTLE SALE BAN NOTIFICATION: Cover for Communal Agenda

The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement on May 27. THE notification of the ministry of environment, forests and climate change that bans sale of cattle for slaughter is an atrocious attempt by the Modi government to give legal cover for its wholly communal and divisive agenda to impose a diet code on the country.It will destroy the livelihood of crores of farmers involved in animal husbandry, eliminate traditional cattle fairs, put an unfair burden on farmers to care for useless cattle.

Kerala Chief Minister's Letter to the PMO

Below we reproduce the text of the letter written by the chief minister of Kerala, Pinarayi Vijayan to the prime minister’s office on May 27.THIS is to bring to your attention the recent Government of India’s gazette notification imposing restrictions on cattle trade, which would have serious impact on the livelihoods of millions of Indians.It may be noted that the notification issued by the ministry of environment, forest and climate change regarding the Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules, 2017 mandates that cattle can be traded only by those

KARNATAKA: People Mobilise against Moves to Privatise BEML

THE people of the entire Kolar district in Karnataka stood as one person to express solidarity with the work force of Bharat Earth Movers Ltd (BEML), a public sector undertaking under the ministry of defence.Responding to a call, a total and peaceful district bandh was observed on May 30.The Centre of Indian Trade Unions (CITU) district unit took the initiative in organising the bandh to send a strong signal to the centre against the privatisation of the profit making PSU.

Kashmir in the International Spotlight

IT has been some time since visiting international heads of state offered to mediate on the Kashmir dispute while on official visits to India. The president of Turkey, no doubt took New Delhi by surprise when he politely suggested in an interview the need for India and Pakistan to calm down the volatile situation in Kashmir and offered his good offices to mediate between the two countries. Erdogan fancies himself as the pre eminent leader of the Muslim world. He has been outspoken about the treatment of Muslim minorities in other countries.

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