PRIVATE corporate sector in India seems to have recorded historically high rates of profits during the post-Covid three years. The average net profit in a quarter suffered a steep decline during the successive quarters ending on March and June 2020 but since the quarter ending September 2020, the net profits of corporate sector recovered by about seven times compared to the pandemic period and touched a record level in the recent period.In spite of high rates of income growth and increased share of profit within income, investment growth didn’t show adequate response.

FOR the last one decade, there are systematic attacks on the workers’ right to strike that have been relentlessly unleashed across all continents. And now, this right is being more resolutely challenged by employers group in the International Labour Organisation (ILO) itself where unfortunately the class collaborationist workers’ group meekly gave in to the employers’ proposal.       It is not surprising to find that the right to strike is not set out explicitly in ILO conventions and recommendations given the class character of ILO.

THE All India Kisan Sabha (AIKS), in a statement issued on June 26, has demanded that the Commission for Agricultural Costs and Prices (CACP) bring out a White Paper to inform farmers about the difference in prices under the C2+50 per cent formula and the A2+FL+50 per cent formula. AIKS requests that this be done at the earliest before fixing the Rabi price for 2025-26.

FROM June 13 to 15, the leaders of the Group of Seven (G7) countries met at a luxury spa called Borgo Egnazia in the Italian town of Savelletri. The entire meeting had the air of obsolescence.

THE SFI Maharashtra state committee held its four-day state-level study camp from May 30 to June 2, 2024, at the Comrade Godavari Shamrao Parulekar Bhavan at Talasari in Palghar district. It was the first time that Palghar district was hosting a state SFI camp. It was attended by 160 student activists from 17 districts. They included 40 girl students.The SFI in Maharashtra for many decades has the tradition of holding regular study camps every year at the beginning of the academic session in June. However, this tradition was interrupted due to the Covid pandemic in 2020-21.