What is To Be Done about Unemployment?

A DISTINCTION is drawn in economics between demand-constrained systems and resource-constrained systems (which for simplicity and symmetry we shall call supply-constrained systems). In the former, an increase in output can occur if there is a rise in aggregate demand without causing any scarcity-induced inflation; in the latter, output is constrained either by capacity being fully used up, or by the scarcity of some critical input or of foodgrains or of the labour force, so that a rise in aggregate demand, instead of raising output, simply causes scarcity-induced inflation.

WB: Trinamool Unleashes Post-Poll Mayhem

WITH Trinamool's decisive win in 29 seats out of 42 in West Bengal's 18th Lok Sabha elections, the BJP-backed media's projected ‘air of triumph,’ fuelled by fake exit polls has completely vanished. The BJP secured 12 seats, a significant drop from 18 last time. The Left-Congress which had jointly fought the elections, suffered a setback, with Congress securing only one seat in Malda Dakshin.

AIRTWF Demands Immediate Reduction in Fuel Prices, Criticises Toll Hike

THE All India Road Transport Workers’ Federation (AIRTWF) has issued a press statement on June 3, demanding the Government of India to immediately reduce the prices of petrol, diesel, and gas. The AIRTWF pointed out that the government has lowered the prices of Aviation Turbine Fuel (ATF) while neglecting the financial burdens faced by the common man, highlighting the government's bias towards the affluent.In a recent move, the National Highways Authority of India (NHAI) increased toll charges by 5 per cent starting June 3, 2024.

Migrating Workers Provide Wealth for the World

A FEW weeks ago, the International Organisation of Migration (IOM) released its World Migration Report 2024. Most of these reports are anodyne, pointing to a secular rise in migration during the period of neoliberalism. As states in the poorer parts of the world found themselves under assault from the Washington Consensus (cuts, privatisation, austerity), and as employment became more and more precarious, larger and larger numbers of people took to the road to find a way to sustain their families.

Post Elections: Imposing Burdens on People

CPI(M) Polit Bureau has issued the following statement on June 3, 2024THE Polit Bureau of the Communist Party of India (Marxist) condemns the hikes in the prices of all variants of milk by Rs 2 per litre by Mother Dairy and Amul.It is clear that the government was waiting until the elections were over to impose further burden on people.Earlier, immediately after polling was completed, the road toll tax was hiked by 5 per cent across the board.

People’s Verdict: Setback for BJP

CPI(M) Polit Bureau has issued the following statement on June 4, 2024THE results of the 18th Lok Sabha election are a setback for the BJP. It has lost its majority in the Lok Sabha which it had got in the past two Lok Sabha polls in 2014 and 2019. This is a stinging blow to the image of invincibility built around Narendra Modi, who had boasted about winning 400 seats in this election.The elections were held in the background of all-out attacks on the opposition parties, misuse of central agencies and massive use of money power.

Maha Lok Sabha Election Results: A Blow to BJP-NDA, A Shot in the Arm for MVA-INDIA

AMONG the states that savagely cut down the odious Modi-Shah-led BJP regime to size in the 2024 Lok Sabha elections were the two states with the largest number of MPs in the country – Uttar Pradesh and Maharashtra. Both these states are currently ruled by the BJP.Uttar Pradesh, with 80 Lok Sabha seats, gave 43 seats to the INDIA bloc, an increase of 37 compared to 2019; it gave 36 seats to the NDA, a drop of 28. One independent has won there.

Delhi Erupts in Solidarity with Palestine

HUNDREDS gathered in solidarity with Palestine at Jantar Mantar on June 1, 2024 against the ongoing Israeli genocide. The protest organised in Delhi at a short notice drew a good response from various organisations, civil society groups and individuals who are concerned about the fate of Palestine and angered by Israeli aggression. The protest demonstration called by the Palestine Solidarity Committee was attended by members of trade unions, student organisations, intellectuals, teachers and other Left progressive sections.

AP: Left Parties Demand Immediate Halting of Attacks on Rafah

A CONVENTION held in Vijayawada demanded that the governments of Israel and the United States stop attacks on Rafah city and appealed to the Government of India to cease arms supply to Israel. The Left parties held a convention in solidarity with Palestine at Vijayawada on June 3. CPI(M) state secretary V Srinivasa Rao presided over the meeting and placed a resolution, which was adopted unanimously. He described how the people of Palestine were displaced from their homeland and highlighted the US's imperialist machinations behind it.

AIDWA Condemns the Hike in Prices of all Variants of Milk

THE All India Democratic Women’s Association (AIDWA), in a statement issued on June 3, has condemned the increase in the prices of all variants of milk by Rs 2 per litre by Amul and Mother Dairy.Also, the increase by 5 per cent of road toll tax will have a cascading impact on prices of all essential commodities leading to an increase in costs adversely affecting the family budgets. This is a betrayal of the people as it has been done immediately after the elections are over.

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