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Listing of LIC: Wanton Destruction of a Premier Public Sector Financial Institution

FINANCE minister Nirmala Sitharaman has announced during her second budget speech on February 1 that the government will list LIC in the stock exchange and sell part of its stake via Initial Public Offer (IPO). In justification of her proposal she said, “Listing of companies on stock exchanges disciplines a company and provides access to financial markets and unlocks its value. It also gives opportunity for retail investors to participate in the wealth so created.

Nationwide Protests against Anti-People Budget, Feb 12-18

Left parties – CPI(M), CPI, CPI(ML), AIFB and RSP – have issued the following statement on February 4, 2020.THE Left parties will conduct a nationwide protest against the wide range of anti-people policies contained in this year’s budget which will further squeeze the livelihood conditions of the vast majority of our people. The Modi government has destroyed the Indian economy, imposing unprecedented burdens on the people.

Union Budget 2020-21: Deceptive and Anti-People

The union budget 2020-21 presented by finance minister Nirmala Sitaraman on January 31 has drawn severe criticism for its anti-people and pro-corporate nature. Several class and mass organisations have called for protest programmes in response to the cut backs on funds to welfare schemes and lack of measures to improve the crumbling economy.The Centre of Indian Trade Unions (CITU) said that the union budget 2020-21 presented by the BJP government is full of sound but little substance.

Stop Discrimination of Kerala

KERALA is facing a harsh discriminatory approach from the BJP-led government at the centre. Because of this prejudiced attitude of the centre, Kerala is experiencing a serious financial crisis. The Modi government seems determined to thwart the LDF government’s development agenda by strangulating its finances.Centre-state relations are structured in an asymmetrical fashion. The centre has all the major powers to raise resources while the states are required to undertake development and social welfare expenditure that far exceed their revenue generating capacities.

DELHI: Court Issues Notice to Delhi Police on CPI(M) Complaint

WHILE hearing a plea by Brinda Karat, CPI(M) Polit Bureau member and K M Tewari, Delhi state secretary, the additional chief metropolitan magistrate Vishal Pahuja has directed the DCP, New Delhi on February 5, to submit a report on the non-filing of FIRs against BJP leaders Anurag Thakur and Parvesh Verma for delivering hate speeches in Delhi recently, during the campaign for the assembly elections.The court gave this direction after Karat had approached the court after her written complaints to the commissioner of police and the SHO, Parliament Street failed to elicit any response.  She an

Another Devious Deal for Middle East

IN the midst of the ongoing impeachment trial of president Donald Trump and on the day Israeli prime minister Benjamin Netanyahu, was indicted on charges of bribery and fraud, the two maverick conservatives got together at the White House to announce the controversial new Middle East Peace Initiative, touting it as a mother of all plans to end one of the longest running disputes in the Middle East.Trump said that it was a ‘historic opportunity’ for the Palestinian people.

Budget 2020-21: Short-Term “Fixes” Endangering the Economy

THE budget figures these days mean very little. The difference between what the budget provides and what actually happens does not come to light even after a time-lag of two years, while earlier two years were the limit. And knowing this, the government provides figures in the budget which are extravagant and hence meaningless, but look pretty. What is remarkable about the 2020-21 budget however is that notwithstanding massive liberties taken with figures, this budget still has been so non-descript that hardly anyone outside of government has had a kind word to say about it.

Manuvaadi Economics and the Hindu Right

THE finance minister presented the union budget 2020-2021 in the context of the growing attacks by the Hindu right on the peaceful protests in Jamia Millia Islamia and Shaheen Bagh against the CAA-NRC-NPR. Both these developments need to be seen in the context of the desperate attempts by the BJP and its fringe organisations to polarise the upcoming Delhi elections and hide the economic mess that has been created by the NDA government in the last six years.

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