The Phenomenon of Negative Interest Rates

ONE is witnessing the emergence of a strange and unprecedented phenomenon in the advanced capitalist world, namely the charging of negative interest rates. The European Central Bank reduced its deposit rate to -0.1 percent in June 2014, and since then it has reduced this rate further, to-0.2 percent in September 2014, -0.3 percent in December 2015, and to -0.4 percent in March 2016. And apart from the ECB, four other national central banks, those of Switzerland, Japan, Denmark, and Sweden, have also reduced interest rates on certain parts of their deposits to negative levels.

CPI(M) Files Counter Affidavit on Political parties under RTI

Below we reproduce the counter affidavit filed by the general secretary of the Communist Party of India (Marxist), Sitaram Yechury, in the Supreme Court on the petition seeking to bring the political parties under the Right to Information Act. 1. That the respondent, the Communist Party of India (Marxist), holds view that the statement of accounts and the details of finances of the political parties should be accessible to public.

Thinking Together

What is the Marxist stand on automation? To enhance production and continue to unleash the productive forces, automation is required. But again that brings unemployment. Then what is the way out?
Sarbratik Brahma, Kolkata

UDF Govt Courts Fresh Controversy over RTI Exemption to Vigilance Bureau

THE United Democratic Front (UDF) government in Kerala has run into yet another controversy ahead of the May 16 assembly polls over the reported exemption given to the Vigilance and Anti-Corruption Bureau (VACB) from provisions of the Right to Information (RTI) Act. The RTI exemption was intended to ensure protection of those who complain against high-profile persons.

Huge Rally of the Left Parties in Odisha

THOUSANDS and thousands of people thronged into Bhubaneswar, capital of Odisha on March 19 to join the rally sponsored by five Left parties – CPI(M), CPI, CPI(ML) Liberation, SUCI(Communist) and Forward Bloc. The rally turned out to be an ocean of Red Flags, unprecedented in the recent history of Bhubaneswar and Odisha.

Surjeet Birth Centenary Observed in Tripura

A hall meeting was organised on March 15 at Rabindra Shatabarshiki Bhavan in Agartala to observe the birth centenary of legendary Communist leader and freedom fighter Comrade Harkisan Singh Surjeet. The packed meeting was addressed by CPI(M) Polit Bureau members Prakash Karat and Manik Sarkar and presided over by Bijan Dhar.

Assam Assembly Election List

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Jharkhand Lynching Condemned

The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement on March 9, 2016.

THE Polit Bureau of the Communist Party of India (Marxist) strongly condemns the murder of two Muslim men in Balumath, Latehar district of Jharkhand yesterday.

Condemn Police Assault in HCU

The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement on March 23, 2016.

JHARKHAND: Horrific Lynching Case in Balumath

The following is the text of the memorandum submitted to the Jharkhand chief minister Raghuwar Das on March 22, 2017 by Brinda Karat, CPI(M) Polit Bureau member and former MP, GK Bakshi, CPI(M) Central Committee member and Jharkhand state secretary, Prakash Viplavi, Sanjay Paswan, Praful Linda, Suphal Mahto, CPI(M) state secretariat members.THIS is to draw your attention to and request your intervention to bring justice in the case of Majlum Ansari (32 years old ) and Imtiaz Khan (12 years old) who were brutally beaten and hanged to death on March 18 in Balumath, Latehar.

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