Economics and the Concept of Progress

THE mercantilists had defined a nation’s prosperity in terms of the amount of precious metals it possessed and a nation’s progress in terms of the increase in its amount of precious metals.

CPI(M) Condoles Com Tran Duc Luong

THE Communist Party of India (Marxist) expresses its profound grief at the passing away of Tran Duc Luong, former Polit Bureau member of the Communist Party of Vietnam (CPV) and former President of Vietnam. He was born on May 5, 1937 and died on May 20, 2025 at the age of 88 years.Tran Duc Luong joined revolutionary activities in 1955 and joined the CPV in 1959. He served the Party and country in various capacities till he retired in 2008.

CITU General Council : Make July 9 General Strike a Huge Success

THE General Council of the Centre of Indian Trade Unions (CITU) met in Surajkund, Faridabad, Haryana from May 24 to 26, 2025, and called upon the Indian working class to prepare for an All India General Strike on July 9, 2025. The aim is to make it the largest ever general strike in the history of the Indian working-class movement.

Commemorating P Sundarayya's 40th Death Anniversary

THE P Sundarayya Memorial Trust (PSMT) commemorated the 40th death anniversary of the legendary freedom fighter and towering peasant leader P Sundarayya by organising a book discussion on the book “A Peoples’ History of the Farmers’ Movement, 2020-21”, edited by Shamsher Singh and Sabah Siddiqui, on May 19, 2025 at the Harkishan Singh Surjeet Bhawan in New Delhi.

Apple’s Relocation and Tim Cook’s Dilemma!

ACCORDING to Donald Trump it is time for a reverse relocation of manufacturing from the Global South to the US. He expressed his anguish to Apple CEO Tim Cook for the plan to extend operations in India. US now needs manufacturing because by relocating low value-added assembling, they would be able to provide jobs to average Americans who badly need them. Apple employs 3 lakh workers in China and 60,000 in India. If these facilities are relocated, US could straight away create about 3.5 lakhs new jobs!

Unseasonal Rains: Over 80 Dead, Huge Damage to Crops, Orchards - AIKS Demands Ex-Gratia

FOLLOWING unseasonal heavy rains and thunderstorms in several states killing at least 80 persons and livestock, and causing heavy damage to crops and orchards, the All-India Kisan Sabha (AIKS) has demanded ex-gratia to the families of the deceased and adequate compensation to farmers.In a press statement issued on May 23, AIKS said “large-scale deaths due to thunderstorms and heavy rainfall have been reported from Uttar Pradesh, Maharashtra, Haryana and other states.

AIKS Raises Alarm over Record RBI Surplus Transfer to Union Govt

THE All India Kisan Sabha (AIKS), in a statement issued on May 27, has noted with grave concern that the central board of the Reserve Bank of India (RBI) has recently decided to transfer a record Rs 2.69 lakh crore surplus to the union government for the financial year 2024-25. The RBI took this decision after revising their Economic Capital Framework (ECF) which gave the apex regulator the flexibility for making smooth surplus transfers to the union government.

The Theatre of the Absurd

THE cheap political drama currently unfolding in Delhi over the latest decision to refer a Supreme Court judgment to the court itself – at the behest of President Droupadi Murmu – seeking clarification on an earlier order regarding the timeline for governors to either assent to or return bills passed by the state legislature, is nothing short of a theatre of the absurd.

The Havoc Caused by Say’s Law

JEAN-BAPTISTE Say, a French economist who wrote in the late eighteenth century, had formulated a law to the effect that ‘supply creates its own demand’, which meant that there could never be an inadequate demand for the aggregate of goods produced in any economy. His argument was as follows. Whatever is produced generates an equal amount of income among those associated with its production. This income is either consumed or ‘saved’ (i.e., not consumed).

WB: Left Parties Unite against Terror & Jingoism

FOLLOWING the horrific terrorist killings in Pahalgam and India's subsequent military response, far-right forces within the country are attempting to expand their political influence. Exploiting the national crisis for their narrow political ends, they are inciting warmongering and fostering a climate of communal division. Disturbingly, those consistently advocating for peace and harmony are being silenced and subjected to hardship.

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